It's pro rated and calculated on daily basis. If it's simple calculation as yours, every body would rush to deposit lump sum in December to enjoy the dividend in two months time. Try calculate 100% * 6% for January deposit, then 11/12*100%*6% for February,10/12*100%*6% for March and onwards. You have to consider the money need to be deposited for one whole year to get full dividend.

My 2 cents as below ...



** interest is not compounded monthly. Compounded only yearly.
** I assume you deposit on the first day of the month. Interest is on daily basis.

But even for voluntary contributions, withdrawal would still be upon retirement. is this correct?

I do it all the time with CIMB clicks. Minimum contribution is RM50.

same rules apply

Cant wait... come on 7.5%!!

Should be declared by tomorrow. Based on their website update the service is under maintenance until 9pm tomorrow. They are doing the updating

Trying out your formula, I ended up getting 1,809.86

My formula below,

[Number of days in account] / 365 * 6% * [Current balance]

Can share your formula, thanks!

Jan 31/365*6%*1000
Feb 28/365*6%*2000

etc

Hi guys, sorry for this noob question.

1. Let's say I am withdrawing everything from Account 2 for properties in 2017. So the dividend only applies to Account 1?
2. If I am withdrawing Account 2 for house monthly loan, it's by monthly withdrawal or one shot? If one shot, how about future amount in Account 2?

1. Dividend is paid based on the balance on both.
2. Either way. If you still got future contribution, it'll partially go into Account 2. You can empty it again if you have sufficient amount to withdraw.

Okay, got it!

Hopefully its 7.5% 🙏

7% also acceptable 😊

ASB also announced 7% only for year 2017. Normally EPF does not outperform ASB based on historical data.

Maybe this round is unique 😊
More than ASB

Highly unlikely due to the political nature and election season. ASB also they had to twist and turn and say return is 8.25% when actually its 7% for 2017. Also check out Tabung Haji where they are also not so direct with the returns:


https://www.facebook.com/photo.php?fbid=102...13699194&type=3

EPF CEO stated 6.5 - 7.5% for 2017.

I know that is a range and he is not saying it will be 7.5%

But it is giving members the 7.5% impression. Furthermore, now it will be announced by Ah Jib, to some people like me, it will be a very high number, thus 7.5%! Ha.

I thought they have been in this political public image game long enough to handle this properly. Maybe they have very short memory on things like this?

Just hope for 7.5%. Now even 7.4% will be disappointing for me.

Whatever...
Let's wait for jibby announcement..
Now too many speculation...
Some say won't be above ASB.. Some say endless possibilities...