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EPF DIVIDEND, EPF
silverviolet
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Feb 12 2019, 11:29 PM
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Getting Started
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QUOTE(ragu91 @ Feb 11 2019, 04:53 PM) Guys, an urgent information is needed. How do I make self contribution via M2U? I tried to search everywhere through M2U, but couldn't find it. what's the benefit of doing self contribution?
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MUM
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Feb 13 2019, 01:14 AM
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QUOTE(silverviolet @ Feb 12 2019, 11:29 PM) what's the benefit of doing self contribution? while waiting for his response,..... this forumer (Tham) exactly last year, provided a lot of good reasons. try read this lyn thread for info. EPF SELF-CONTRIBUTION https://forum.lowyat.net/topic/4524749/allanyway his many good reasons may not be agreeable to some others most importantly is what is yours? be it pros or cons....
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ragu91
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Feb 13 2019, 09:47 AM
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QUOTE(MUM @ Feb 11 2019, 04:59 PM) if i am not mistake,...sometime ago, I read in the forum thread.... try payment option.... latest found this on the net.... How to Pay EPF Self Contribution Online Updated: January 8, 2019 Step By Step Pay EPF Online 1. Login to Maybank2U, click “Investment” > “EPF”. click to follow... http://www.misterleaf.com/9782/epf-self-contribution-online/Thanks. I found through Bill payment, under the name of EPF. I overlooked and was looking for KWSP. Thanks! QUOTE(silverviolet @ Feb 12 2019, 11:29 PM) what's the benefit of doing self contribution? Dividend is one of it. Plus, I am just keeping my financial goal projection unchanged until certain age which I've set.
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drbone
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Feb 13 2019, 02:29 PM
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QUOTE(David83 @ Feb 10 2019, 10:13 PM) The way EPF dividend calculated is based on daily rest. Means that, dividend is calculated based on daily balanced of each account 1 and 2. URL: https://1-million-dollar-blog.com/how-to-ca...e-epf-dividend/Great , thanks for that info
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smartinvestor01
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Feb 13 2019, 04:35 PM
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QUOTE(MUM @ Feb 13 2019, 01:14 AM) while waiting for his response,..... this forumer (Tham) exactly last year, provided a lot of good reasons. try read this lyn thread for info. EPF SELF-CONTRIBUTION https://forum.lowyat.net/topic/4524749/allanyway his many good reasons may not be agreeable to some others most importantly is what is yours? be it pros or cons.... Yeah.. basically saving your funds into EPF is guaranteed by the government with a minimum dividend payment of 2.5% per annum for the conventional EPF as stipulated in the KWSP Act. The drawdown is that withdrawal of the savings would need to wait till at least 50 years old to withdraw Account 2.. For the full withdrawal, you need to wait till the age of 55 years old. But withdrawal for the other purposes could be applied such as Account 2 withdrawal for downpayment, etc, as shown in their website.
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Jordy
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Feb 13 2019, 04:36 PM
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Entrepreneur
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QUOTE(silverviolet @ Feb 12 2019, 11:29 PM) what's the benefit of doing self contribution? For those with no idea where to invest for 5% or above interest, then EPF is a great choice for retirement savings. Instead of spending the extra money and making others rich, why not consider to make self contribution into EPF to make your future self richer?
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Jordy
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Feb 13 2019, 04:39 PM
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Entrepreneur
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QUOTE(smartinvestor01 @ Feb 13 2019, 04:35 PM) Yeah.. basically saving your funds into EPF is guaranteed by the government with a minimum dividend payment of 2.5% per annum for the conventional EPF as stipulated in the KWSP Act. The drawdown is that withdrawal of the savings would need to wait till at least 50 years old to withdraw Account 2.. For the full withdrawal, you need to wait till the age of 55 years old. But withdrawal for the other purposes could be applied such as Account 2 withdrawal for downpayment, etc, as shown in their website. Why the rush to withdraw your EPF funds? IMHO, 55 years old is a good age to withdraw the full amount from EPF. You should only start living off your EPF savings AFTER 55, not before.
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touristking
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Feb 13 2019, 04:41 PM
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QUOTE(Havoc Knightmare @ Jan 14 2019, 12:49 PM) The public keeps obsessing over the impact of the stock market on EPF returns when they are missing out on something that is just as big that is undergoing changes, that is EPFs debt investments. While the new government likes to talk about the RM1 trillion of national debt as a purely bad thing, in reality EPF is the largest holder of the government's debt. It is EPF's debt investments, of which the bulk of It is in government bonds, that allows EPF to generate a steady base of investment income year after year even when markets are down like in 2018. As the new government has stated that they want to reduce debt levels and interest payment on the debt load, if they do achieve their target this will result in lower investment income for EPF and in turn, lower dividend payments for us in the long run. No international economic believe in this 1 trillion fairy tale
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touristking
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Feb 13 2019, 04:44 PM
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QUOTE(Jordy @ Feb 13 2019, 09:39 AM) Why the rush to withdraw your EPF funds? IMHO, 55 years old is a good age to withdraw the full amount from EPF. You should only start living off your EPF savings AFTER 55, not before. Well, heard some did rush to withdraw because there are often rumors EPF going bankrupt
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gugukrez
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Feb 13 2019, 04:47 PM
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QUOTE(touristking @ Feb 13 2019, 04:41 PM) No international economic believe in this 1 trillion fairy tale why not.. even spore , japan , aus or china has more than 1trillion debt..
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nexona88
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Feb 13 2019, 05:02 PM
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EPF going bankrupt? biggest joke ever.. might well mention Malaysian government bankrupt too.. not forgetting Tabung Haji & PNB
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romuluz777
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Feb 13 2019, 05:04 PM
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When is the 2018 dividend going to be announced ? Still waiting for the highlight of the month
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aciolopa
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Feb 13 2019, 05:10 PM
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New Member
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QUOTE(romuluz777 @ Feb 13 2019, 05:04 PM) When is the 2018 dividend going to be announced ? Still waiting for the highlight of the month should be around next week if not this weekend.
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Jordy
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Feb 13 2019, 05:25 PM
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Entrepreneur
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QUOTE(touristking @ Feb 13 2019, 04:44 PM) Well, heard some did rush to withdraw because there are often rumors EPF going bankrupt Your fund is guaranteed in EPF, how can it go bankrupt? Even the minimum dividend of 2.5% is guaranteed. Capital and minimum returns are guaranteed in EPF's case, can you recommend me another better option than EPF.
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HonMun
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Feb 13 2019, 05:29 PM
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QUOTE(Jordy @ Feb 13 2019, 05:25 PM) Your fund is guaranteed in EPF, how can it go bankrupt? Even the minimum dividend of 2.5% is guaranteed. Capital and minimum returns are guaranteed in EPF's case, can you recommend me another better option than EPF. ASB ? haha
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Jordy
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Feb 13 2019, 05:41 PM
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Entrepreneur
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QUOTE(HonMun @ Feb 13 2019, 05:29 PM) If only you are Bumiputera (which is kinda discriminating towards the non-Bumis though). Anyways if you are Bumi then you have many other sources of Government guaranteed investments, unlike non-Bumis.
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nexona88
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Feb 13 2019, 06:00 PM
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QUOTE(HonMun @ Feb 13 2019, 05:29 PM) For non bumi.. U have ASM to pick 👍 not high as ASB, its acceptable rate too
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silverviolet
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Feb 14 2019, 12:32 AM
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Getting Started
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QUOTE(MUM @ Feb 13 2019, 01:14 AM) while waiting for his response,..... this forumer (Tham) exactly last year, provided a lot of good reasons. try read this lyn thread for info. EPF SELF-CONTRIBUTION https://forum.lowyat.net/topic/4524749/allanyway his many good reasons may not be agreeable to some others most importantly is what is yours? be it pros or cons.... Thank you! extremely good read! This post has been edited by silverviolet: Feb 14 2019, 12:38 AM
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silverviolet
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Feb 14 2019, 12:41 AM
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Getting Started
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QUOTE(ragu91 @ Feb 13 2019, 09:47 AM) Thanks. I found through Bill payment, under the name of EPF. I overlooked and was looking for KWSP. Thanks! Dividend is one of it. Plus, I am just keeping my financial goal projection unchanged until certain age which I've set. That is very interesting..however we couldn't control when we will leave the earth...have you thought about this?
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prophetjul
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Feb 14 2019, 08:33 AM
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Just to deviate a bit from the dividend, about hereditary claims.
For eg
If a parent passes on, and he leaves the an EPF will of the following :
Wife 50% Son 25% Daughter 25%
However, the wife passes on together with the husband.
a) What documents does the children have to produce to make the claim?
b) How fast does the EPF take to process for this sort of claim?
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