Tiered dividends....what rubbish.
Its like winning a 100m race and the gold medal is awarded to the loser.
EPF DIVIDEND, EPF
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 Oct 13 2023, 01:24 PM
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#281
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Senior Member
2,215 posts Joined: Oct 2010 
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Oct 13 2023, 01:34 PM
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#282
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QUOTE(ronnie @ Oct 13 2023, 02:32 PM) not a true analogy... Haha...LPPL Possibly tie the rich with heavy tyre. And the poor who is cripple gets to race with roller blades.   |
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Oct 13 2023, 11:01 PM
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#283
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Senior Member
2,215 posts Joined: Oct 2010
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QUOTE(nexona88 @ Oct 13 2023, 11:15 PM) Personally I think this new flexible account to cater those others side who always demand 10k withdrawal... I agree that this proposed "flexible" account would incur only the statutory or minimum dividend. This consider as combo of bad & good moved.. Bad - indirectly surrender to those 10k withdrawal gengs Good - less pressure on EPF to perform... Since dividends would be wayyy lower... Probably just minimum 2.5% π The other accounts would be as usual past div rates. |
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Oct 14 2023, 10:04 AM
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#284
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Senior Member
2,215 posts Joined: Oct 2010
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Oct 14 2023, 11:02 PM
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#285
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This Acct 3 thingy would be on application only. If you dont apply, status quo it is and remains Acct 1 and 2.
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Oct 15 2023, 10:04 AM
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#286
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QUOTE(CommodoreAmiga @ Oct 15 2023, 10:45 AM) Got source for this? Thks. Its in that link from mid-year I shared in earlier posts, admittedly rather old, however I feel this is the way they would go.This could change though, and they might just find it easier to roll it out across the board. Lets see how it goes. |
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Oct 16 2023, 04:30 PM
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#287
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QUOTE(fuzzy @ Oct 16 2023, 01:41 PM) Means EPF u put in cannot suka hati take out. Sounds like Hotel California |
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Oct 26 2023, 09:32 PM
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#288
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2,215 posts Joined: Oct 2010
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Are we allowed to switch between Acct 3 to the other acct ?
I will wanna opt out from this new acct, dont need it and dont want it. |
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Nov 7 2023, 02:14 AM
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#289
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QUOTE(Haloperidol @ Nov 7 2023, 12:19 AM) Any tiered dividend will only lead to withdrawal or lesser contribution. I don't think it will happen anytime soon, if at all. Now EPF already promotes voluntary contribution - look at i-Saraan - look at the recent 3k voluntary contribution tax rebate They gonna do tiered dividend ? I hopefully not. In capital terms, you lose 1 people that contributes 100k you had to gain back 100 people that contributes 1k each. It's not democracy (1 people 1 vote) in capital market. Its not a priority for now, just the pipe dream of some delusional folks. Probably all the hoo-ha on these happens only prior to-GE time. |
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Nov 14 2023, 01:52 PM
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#290
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Dec 5 2023, 01:51 PM
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#291
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If they state a higher amt than 240K, the govt would be under greater pressure to do something
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Dec 26 2023, 04:17 PM
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#292
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QUOTE(virtualgay @ Dec 26 2023, 09:59 AM) Tak faham macam mana boleh contribute 100k per year The 100K self contrib per year is just a raise of the maximum limit, nobody is obliged or forced to put in this money. Its to encourage everyone to save for retirement, whether they can afford or not, its up to the member to figure it out.I think the increments of self contribution rate to 100k only benefited t20 Those m40 and B40 totally see no benefits of this initiative by Gov Any reason why gov previously want to increase it to 100k? Any benefits to gov? HolyCooler liked this post
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Dec 26 2023, 04:57 PM
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#293
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QUOTE(virtualgay @ Dec 26 2023, 05:39 PM) Thanks you all for your comment on this 100k... Conclusion only benefited T20 and Gov and M40 like me earn nothing from it.. I self contributed less than 10k this year I feel the exact same sentiments each time the Budget is announced -> Nothing to gain for meπ’ |
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Jan 3 2024, 09:34 PM
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#294
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2,215 posts Joined: Oct 2010
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QUOTE(nexona88 @ Jan 3 2024, 09:14 PM) 1. Dividend announcement around end of February / early March Limpeh expecting at least 6.xxππ΅2. Dividend range from 5.5 to 6%, anything more is bonus π°π€ virtualgay and gashout liked this post
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Jan 4 2024, 08:49 AM
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#295
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Senior Member
2,215 posts Joined: Oct 2010
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Jan 4 2024, 08:58 AM
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#296
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QUOTE(nexona88 @ Jan 4 2024, 09:52 AM) Highest ever meaning... Haha thats unlikely however lets just wait to be pleasantly surprisedππ€£Can be 8% level? π₯³π π₯π°π€ This kinda news coming fr mainstream media at least carries some weight, I hope. |
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Jan 4 2024, 02:14 PM
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#297
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2,215 posts Joined: Oct 2010
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My guesstimate would be in the region of 5.75%
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Jan 6 2024, 11:40 AM
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#298
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Senior Member
2,215 posts Joined: Oct 2010
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QUOTE(netcrawler @ Jan 6 2024, 10:46 AM) Why EPF account shows only up till 31 dec 2023? I self contribute on 1 jan and reflected in the app on 3 jan but niw back to 31 dec? The total balance will only be updated next mth after dividend announcement. U can check any new creditments in the withdrawal eligibility page.*Now back to normal π |
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Jan 7 2024, 04:26 PM
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#299
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QUOTE(Wedchar2912 @ Jan 7 2024, 04:18 PM) I just hope when the day come that EPF disallowed full withdrawal past 55/60 and forces all of us to take monthly withdrawal, that EPF changes this policy of not accruing div on payment yet settled due to monthly fixed withdrawal. Applicable to those with lower balances upon reaching 55, these are the people who need help in managing their retirement funds.else it is blatantly stealing... I would say up to a max balance of rm600K would be a safe figure. Anything above, status quo. |
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Jan 11 2024, 01:01 PM
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#300
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2,215 posts Joined: Oct 2010
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QUOTE(nexona88 @ Jan 11 2024, 01:50 PM) can withdraw anytime... with lower interest rate too Me too. I hope they make an opt-out feature for members who don't need or want Acct 3. anyhow... hopefully I can opt out this account 3... don't want unnecessary split of my $$$ in EPF Or a means to transfer funds from Acct 3 to Acct 1/2. nexona88 liked this post
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