If u have a few million, yes you should be safe. This is assuming historical inflation n kwsp divdends continuing to beat inflation. (No guarantees there tho.)

Sustainability is more of a concern for the marginal millionaires, even when debt free. Thats why I used RM5k monthly as example.

ops... really? i thought we were there already... damn... need RM to reach 5 before BNM panics then.

ah, but imagine the kind of returns or passive income some of us can get when rate is back to 8%. inflation will be under control also when no one can afford to spend.

BNM only raised the rates back to pre-covid level... while big chunk of the world are already more than half way in tightening regime.

If we really think about it, Malaysia economy is in deep trouble. should have taken the bitter pill and hike rates all the way to 8% and clear the deck of zombie firms and workers.
But we are focused on changing gov, early withdrawals from Epf, borrow against EPF, which day can get public holidays, raising retirement age... 

The thing is these countries got into economic crisis first, and the rate hike was done to starve off capital flight.

I rather our BNM is competent enough to cut off the tumors, dead meat and dead skins before they fester into full blown infection... ie rate hike first to purge the inefficiencies and dead weight out first.

Last March, Pav reit AGM was at hotel ballroom banyan tree.

Jom..be co-owner with me for the new Pavilion Bukit Jalil 😆

To still be in topic..EPF owns nearly 10% of pavreit. So indirectly, everyone here owns a part too.

Dear financial experts, I just retired (government) aged at 6 series and intend to dump my gratuity into EPF.  Will this be a good idea? Appreciate you advice and Thank you.

Yes, I have a monthly pencen ........Is there a limit amount for EPF? I saw somewhere the limit is 60K?

There is no limit for retirement gratuity deposit into EPF.
I did that last year.

no lar... its nothing.... it is just the expected yearly div from EPF.... 

I hope it is not some ploy to get EPF to remit money back to pay for 2023 dividend because all local allocation been used up to prop whatever they prop.

So why is it the "ignored" can still reply to my posts?
It's really annoying.

I believe what the ignored list does is: you will not be able to see what they post.
But they can see whatever you write.
I just term it the ostrich mode.

Lurking around EPF socmed page...

Looks like have people complain....

They convert to Shariah...  Suddenly this year somehow change back to conventional....

EPF CS answer?
Please PM or contact them privately 😄

Like this also can??
System kena hack???

Defeat the purpose of fully automation process when you need to hire staff to monitor it 🤦‍♀️ the overloading process is because they didn’t stress test the system to handle application load and just decide to launch the process without even proper stress testing it 🤦‍♀️

automation doesnt necessarily mean you completely remove manual labour, it is typically design to reduce labour and to ease processes   

these are all design by human and there could be a chance of thing goes wrong 

that's why, there would be someone monitoring on-site or at least to provide support (maybe via alert or something) when automation requires attention. 

no every single automation also will not require human intervention or monitoring       

Weigh Both Sides Before Raising EPF Employer Contribution to 20% -Professor

On the one hand, increasing employer contributions to the EPF could help to address concerns over inadequate retirement savings and promote greater financial security for employees. This could have broader social benefits, such as reducing the burden on government-funded retirement schemes and improving the overall well-being of the population.

On the other hand, the increase in the employer’s contribution rate may pose challenges for employers. The higher contribution rate will increase their labour costs, which could potentially impact their profitability. In addition, some employers may need to adjust their salary structures to accommodate the higher contribution rate, which could lead to dissatisfaction among employees who may see a reduction in their take-home pay.

The increase in the employer’s contribution rate may also discourage employers from hiring new workers. Employers may be hesitant to hire additional staff due to the higher labour costs associated with the increased contribution rate. This could potentially lead to a slowdown in job creation and economic growth in Malaysia.

https://www.businesstoday.com.my/2023/05/11...o-20-professor/

we all know la, many withdraw to buy iphone etc. those wayang ppl who appear in media are all political ploy.

Hehehe
Newbie counter staff maybe 🤔

Cannot find kwsp in Maybank apps?
Got lorh... Search properly 😁

Still cannot, then use old school website lah 🙏

Update: masuk liao masuk liao~ yay.. but there is like no much indication it's i-saraan or self contribution leh.. how i know they gone me the 15% or not and it also deduct self contribution part. Hmm.... Not good...

Won't be so high rate...

I'm looking at 15% the max...

And given at least 1 year "buffer" to implement them especially for SME 😁

remember how government once said to have tier dividend, b40 gets highest dividend? it's basically rewarding the lazy one and punish the hardworking contributors

my friend that days said something makes so much sense.

t20 should get the highest dividend, so you encourage people to put more money in epf...b40 should get lowest, cause they are not bothered to save.

i heard that and think it makes perfect sense.

Those are funds allocated specifically for epf so I just wanna get it done and dusted. Interest that could be earned for the month elsewhere is peanuts anyway.

99335 members "desperate" for govt to allow EPF withdrawals
More than 99,000 Employee Provident Fund (EPF) contributors are appealing to Putrajaya to allow targeted withdrawals, saying they need the money to pay off outstanding debts.

According to Pertubuhan Gagasan Inovasi Rakyat Malaysia (PGIRM), a civil society group, about 27.4% of the 99,335 individuals have or are on the verge of being evicted from their homes, while 65.8% of them have been blacklisted by financial institutions.

PGIRM president Azmi Mohd Tahir said 83.1% of the 99,335 who are demanding another round of targeted withdrawals from their EPF Account One were aged 40 and above.
Among the details that were collected from this group were the amount and types of their outstanding debts, their financial health, the amount of funds they had in EPF Accounts One and Two, their employment status and number of children.

Azmi said the group was not advocating for another blanket withdrawal scheme similar to the four that occurred from 2020 to 2022 to help Malaysians deal with the Covid-19 pandemic.

“We are not saying that 8.1 million contributors need another withdrawal.
“We want to bring this to the government’s attention to help those who are in dire straits because of outstanding loans and incomes that do not match the high cost of living,” he added.

PGIRM’s Azmi said only 7.3% of the 99,335 in the PGIRM survey had applied for the FSA2, and the rest either did not meet the scheme’s conditions or did not want to be saddled with another bank loan.

“PGIRM has a blueprint of all the names of these contributors as well as details of the study, and we will submit them to the Finance Minister so that he can consider approving another withdrawal,” Azmi said.

https://www.thestar.com.my/news/nation/2023...epf-withdrawals

bruh apa lu cakap
takda paham lah..

pathological facepalm addiction tak mahu buang
tambah lagi thought disorder
unable to express yourself...