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 EPF DIVIDEND, EPF

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dwRK
post Oct 8 2023, 01:52 PM

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QUOTE(batman1172 @ Oct 8 2023, 01:44 PM)
Epf also pay dividends. Should be taxed too😰
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once upon a time in malaysia... dividends and interests are taxed here too... except epf i think but i could be wrong...

dwRK
post Oct 8 2023, 01:59 PM

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QUOTE(CommodoreAmiga @ Oct 7 2023, 07:42 PM)
Yep, Malaysians are spoilt and lazy. Looking at all the backlashes to Rafizi's post. Can see these type of people. Utterly useless. Just need a little effort and planning. Cook in batches if needed and freeze it.
Cooking is F**king easy. The hardest part of cooking is thinking what to cook, the preparation and the dish washing part. There is really no reason not learn how to cook. Internet got everything. I can fix a 40 years old computer with research and play piano by watching Youtube. The only excuse you can say is you don't have enough time to learn everything.
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problem is when you are starting out, renting a room... most landlord forbid any cooking... so have to eat out every meal...

and if everyone stops eating out... gdp will suffer too...

dwRK
post Oct 8 2023, 02:02 PM

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QUOTE(prophetjul @ Oct 8 2023, 01:54 PM)
So it will be taxed
a) corporate level
b) EPF AS shareholder
c) EPF member as shareholder

rclxm9.gif  rclxm9.gif
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aiyo... sunday lah why you make me so sad... cry.gif

dwRK
post Oct 8 2023, 05:00 PM

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QUOTE(Wedchar2912 @ Oct 8 2023, 04:29 PM)
maybe I am just too stupid.... but one of the economist really pulling crap from his arse...

Malaysia's equity market market cap is like almost 2 trillion ringgit????
average div from these guys are like 5% (i just guess) and so that is around 100 billion... that economist claim can get 60 billion in tax?

sure can.... then bursa index will become 888.88 already from 14XX.XX.  haha
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if you read carefully that sentence... he says "I think..." ... which means he done shit to come up with that 60 bil number... hahaha

dwRK
post Oct 8 2023, 08:02 PM

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i just activated withdrawal... time to empty epf account... hahaha...
dwRK
post Oct 9 2023, 08:42 AM

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QUOTE(!@#$%^ @ Oct 8 2023, 08:32 PM)
where to
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its satire bro... purposely over reaction to non-event... laugh.gif

but i did activate online withdrawal last Friday...

dwRK
post Oct 9 2023, 12:35 PM

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QUOTE(CommodoreAmiga @ Oct 9 2023, 11:46 AM)
Went to EPF office to do? Can explain a bit process? Can use EPF app to withdraw?
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yeah must go epf office... in out 5 mins

take q num... cs key in bank details... i sign n fingerprint... done... next day money in bank

online max 30k per day... i think app can do but i dunno... never downloaded... truth is in my life only online epf 3 times... never check account until i retire also... lol

i just activated online withdrawal for fun... n maybe move some over to kids epf...

dwRK
post Oct 9 2023, 01:23 PM

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QUOTE(batman1172 @ Oct 9 2023, 01:05 PM)
how to move funds to kids EPF? I'm also not 55 yet.
If can should I? they're not in Malaysia. poor me. sad.gif
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you can top up anyone's acc... up to their 100k limit

if you have enough funds for your lifetime... then i see no harm... just recognize the opportunity cost of this action

im parking some funds early as part of my estate planning... and this reduces risk of kids being conned out of their inheritance... a living trust can do the same whilst at the same time eliminating such opportunity cost but got more work to set it up...

imho for your case better not... wait until they are firm where they want to settle...

dwRK
post Oct 10 2023, 04:08 PM

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i support concentration camp old folks home where folks are put on hard labour active lifestyles... to earn their keep... biggrin.gif

same goes for the tongkat ppl... no more freebie... come work for it... we got so many expat security guards and construction workers and grass cutters...

dwRK
post Oct 10 2023, 10:11 PM

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QUOTE(prophetjul @ Oct 10 2023, 09:07 AM)
They keep on harping on this shite and OTOH allow them to withdraw their EPF monies with all the i nonsense.
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problem... not enough money when retire...

solution simple... no money cannot retire... rclxm9.gif

epf amountmin retirement age
<10k80
10 - 50k 75
50 - 100k70
100 - 200k65
200 - 500k60
500 - 1m55
>1m50

guarantee ppl will not simply withdraw otherwise cannot retire... hahahahaha...

This post has been edited by dwRK: Oct 11 2023, 07:09 AM
dwRK
post Oct 11 2023, 08:21 AM

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QUOTE(gashout @ Oct 11 2023, 07:46 AM)
how about 45 and 40.

hardworking savers are hitting those numbers fast  smile.gif
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highly encouraged to work till at least 50 to contribute to income tax society/nation building... innocent.gif

in addition to this retirement age reform... epf reform includes 4 savings accounts

emergency fund10kdividend +2%
housing & education250knormal dividend
basic retirement250knormal dividend
super saverunlimiteddividend +2%

of course ppl can FIRE early anytime... nod.gif

maybe even mandatory retirement >5mil... so next generation can take over and build wealth faster... hahaha...


ps... i gatal scan your qr code... hahahahaha...

This post has been edited by dwRK: Oct 11 2023, 08:24 AM
dwRK
post Oct 11 2023, 11:53 AM

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QUOTE(prophetjul @ Oct 11 2023, 08:58 AM)
Super saver- "dividend +2%"

Didn't say "normal dividend". So could be abnormal dividend to make everything equal.  laugh.gif
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same money pool... different packaging... cool2.gif

dwRK
post Oct 14 2023, 09:51 AM

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QUOTE(nexona88 @ Oct 14 2023, 09:09 AM)
This time really damn late...

Already October yet to see any $$$

But dare to increase to rm500 yearly....  Got money to pay ahhh... Talk kok only

Start paying the old rm300 first... Then only increase to rm500...

Next year the rm500, don't know how long need to wait. More strict regulations or not. Who knows... Already tweek to 5k lifetime only....
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December 25 they give u... biggrin.gif

dwRK
post Oct 14 2023, 04:22 PM

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QUOTE(gashout @ Oct 14 2023, 03:52 PM)
I offer my input in this situation. I've counseled a female student post spm. Get scholarship for her. After talking for so long, she didn't study. She went to work to help fam.

Valid point..

But Chinese has a saying. Can poor anything but not education.

Parents who guilt trip their kids sacrifice their future just to help out with short term expenses are selfish. Dead selfish.

Rather hang on suffer a bit let your kids study then can help later. Than forever work as factory worker.

Selfish parents in this case.

I get this really. I'm in similar case but I'm glad my parents were gomen servant so my burden ain't that much. But I was really lacking. No money for breakfast, always worried for next semester money etc. And they're irresponsible.

Life is good now.

Many people talk shit about education and university. Don't join these people. It's always safe to have a paper with you, that's the least you should have in today's time.
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my kids friend ... malay girl... her parents from young told her its her duty to take care of her special needs elder brother... wtf

my kids share her stories... make my blood boil man... not just selfish but down right cruel... m40 family some more... cb

dwRK
post Oct 21 2023, 11:53 PM

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QUOTE(kevyeoh @ Oct 21 2023, 11:26 PM)
You got a valid point there regarding young people but this agent actually ask me to invest epf money into UT... if i recall there is such option but when you sell your UT... the money goes back to EPF account right?
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epf money goes back to epf

every dog has its day... buy the right ut at the right time can make >10% for 2-3 years...

dwRK
post Oct 22 2023, 09:06 AM

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QUOTE(CommodoreAmiga @ Oct 22 2023, 08:54 AM)
If buy stock at right time can make 40% in a few days....IF bro. IF. laugh.gif
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cannot buy stocks with epf ah bro...

problem with UT... 5% loss before even start...

dwRK
post Oct 22 2023, 01:20 PM

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QUOTE(genesic @ Oct 22 2023, 09:23 AM)
If you invest via EPF’s MIS, the sales fee will cost:

1)Zero to 0.5% if you invest online via EPF’s i-Akaun portal
2)Up to 3% via the FMI’s agent/counter

Yes, there are sales fee beforehand the investment. So make sure to take this into calculation too. Eg 3% sales tax, so the return need to be minus this to see the real profit. %
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thank you...

i gave message... you gave perfect answer... biggrin.gif

dwRK
post Oct 25 2023, 12:44 AM

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QUOTE(nexona88 @ Oct 24 2023, 11:45 PM)
Hmmm.... This Maslan guy really make people confused one...
So +/- around 65%
Not bad actually from the so called target of 70% 😁

2nd half performance is in doubt...
20% increase is looks like some issues... Probably we looking at 10% totally +/- after taking into local market performance... And weak MYR... Foreign investment support & cover the losses by local market performance....

Basically looks like 5.5 to 6% is the range... More than 6 is salute to them 🙏🔥
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depends...

net exporter... usually sales in usd... 30-60 days payment terms, weak myr... means windfall profit...

maybe bnm keep myr low for year end window dressing ... next year is next year's problem... laugh.gif


dwRK
post Oct 25 2023, 12:45 PM

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QUOTE(nexona88 @ Oct 25 2023, 09:27 AM)
This the issues

Keep saying weak MYR is good....

But actually it's Not..
We import lots of stuff especially foods which in USD... So it's not really positive for Malaysia... It's bad news...
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wei... 'net' exporter ah... so overall net positive

but rakyat gg... now chicken n egg prices gonna free float also...

dwRK
post Oct 26 2023, 08:59 PM

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QUOTE(MUM @ Oct 26 2023, 08:16 PM)
IF account 3 rate is higher,...sure impact the deposits in bank FD.
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100k not enough !!!

biggrin.gif


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