I would prefer that EPF effect any voluntary withdrawal and contribution on same day basis, rather than need T+1 to T+2 to effect.

If banks can do so with duitnow, EPF can do so also.

Here's my theory on using Personal Loan(PL) for EPF contribution

PL RM100k at 2.7% per annum for 5 years (start on 1 Jan 2024)
Total loan payable = RM113,500

EPF deposit RM100k on 1 Jan 2024 until 31 Dec 2028 (every year 365 days)
Total EPF + 5% yearly dividend = RM127,128.71

Profit = RM13,628.71 (using Other People's Money)

"Should" be yes.
It is from his own account.

There is enough evidence to show something is going on. Until it is proven otherwise, there is no harm to do manual withdrawal. No difference than the other online transactions i do every other day or so. Probably automated monthly withdrawal is when you cannot move already, lie in bed all day, waiting to die, then ok lah, auto monthly withdrawal.

Wondering if anyone has realised this.

In 2023 year alone, the Singapore Dollar has appreciated against Ringgit by almost 6%.

So any EPF returns will only 'slow' the depreciation of Ringgit. Net gains on EPF are only possible if dividend rate exceeds 6%.

If someone converts Ringgit to SGD on 1st January 2023 and converts back to Ringgit on 31st December 2023, their returns might even exceed the EPF dividend

Correct me if I am wrong,

In the past I have never seen dividend rate with this kind of decimal point

point 44

point 88

point 43

point 92

point 83

so how can these kind of decimal points appear now ?

Am I missing something , I donno ....

Those analyst also said RM will bounce back to RM 4.30 to USD 1 in December 2023. Now in Jan 2024, they says RM will bounce back to RM 4.30 in December 2024.

I rather trust unkers in Kopitiam tikam than "economist" and "analyst". Makan gaji buta sial.

my unit trust agent got 50+ also tell me EPF money not my money. it belongs to govt. not sure true or not.

It is only yours when and only when you use it in exchange for goods and services.

Even money under your pillow is "still not yet yours !"

that's why I kept on saying the real problem is not EPF... it is wages and jobs...

Nonetheless, 10K rm pm is kinda steep if one is still very healthy and "young" enough.

Looking at the historical rate of increase of Spore CPF minimum sum...
https://blog.seedly.sg/cpf-minimum-retirement-sum/

The KWSP may set MYR 240k minimum sum as a moving target...hopefully not so drastic as to gives me abit of money to spend every month instead of full withdrawal

Did they ever add? the 240k figure from years ago right?

according to EPF's narrative, already so many don't have enough money in EPF...
inflation or not doesn't matter cos still so many don't have enough money in EPF.

so why bother to adjust with inflation? haha

When the dividend date?
End of February

I don't see your logic. Last years rate was last year story. How does it affect you dumping in more or less this year? Like i said, if you dump in more this year, it could go down THIS year, meaning your will earn LES  S for THIS year. And the year after also can go down. But maybe 3 years later it's up again. Whatever you dump more or less will be earning the future rates which we don't know yet. The only certainty is it will be more than FDs.

I have a feeling you misunderstood how EPF rates dividend works.

Not important for you.
But for me, it's when I make decisions to self contribute more or not.
Please don't until March.
I want to self contribute by end of February.
To get March - December dividend 🙏