no wonder the B40 group likes to say that the T20 are abusing the EPF..... cos instead of retirement pitiful spending limit, T20 uncles are talking about luxury lifestyle limited by 2 times overseas vacation per year...



haha

if memory serves me, its been reported like 150 billion was withdrawn.... so that is about 15% of assets...

and in same time, income for first 9 months down 18%....

who knows... with some topup from historical retained earnings, 6.x% is possible... at this point, even so called economists/analysts are stabbing in same general direction...

one can hope....

I remember when Najib's final gift of 6.9%, everyone also said no possible.... lol...

PMX has donation from UMNO and Bersatu.... from MACC cases...

you can do that, but why take that kind of chance? this is malaysia where 99% of the time, processes will work but the 1% when it doesn't work always happen to you....

so I always recommend to transfer a few days before the last biz day of the month. buffer mah

your call... if miss by 1 day, you lose 30 days worth of dividend...

whats MMF?

Tq for the effort. I was thinking just let those who don't want to listen experience for themselves. That's how one will learn which advice makes sense and who to listen too.

Just for kicks...

last year GDP for malaysia up 8.7%

https://www.thestar.com.my/business/busines...expands-7-in-4q

"For the entire 2022, Malaysia's GDP expanded 8.7% as compared to 3.1% in 2021."

Does this mean EPF dividend up to 8.x% is also possible?

I wonder if you even understand what seasonally adjusted basis means and whether that is relevant when it comes to estimating dividend or income for a portfolio manager, which cares only about actual performance.

then again, this is just for kicks to readers, as today has quite a few funny news by our gov... its like the gov woke up today to release news.

until the members withdraw the money from EPF, it is all just accounting entries.... ie whether declare 6 or 8% div, in aggregate volume, the funds will remain in EPF accounts.

but the psychological effect on the people will be different... some will feel the euphoria and decide to spend more... (take upward revaluation of property prices for example).
the average to "epf wealthy" members will most probably not touch their Epf funds and let it sit there, while spending extra money to celebrate.

but yeah, i also think I should take note of the time now and not day-dream. haha

no. they will return the entire amount of the money transfer that exceeded the 60K rm.

for example, already contributed 55K rm. then last transfer was 6K rm.

they will return the whole 6K rm. No dividend involved.

(at least this is what happened to me back in 2019 when I tested it)

This post has been edited by Wedchar2912: Feb 10 2023, 02:44 PM

technically not possible to set to 100% because the % is on gross income.

everyone has to pay tax, so it will be a percentage up to like 80%.

Just to share for readers:
The net salary must at least be positive (I don't know if this is a policy by EPF or just my ex-firm's policy. If think about it, makes sense employer don't want to wait for employee to pay money to the firm every month rite? ).

Keep in mind that Bonus and "entitled" Allowance are basically treated like salary to EPF and hence subject to all the features of salary. Ie, if one set the contribution % to 40%, then the contribution % will become Mandatory % + 40% = 51%, assuming Mandatory is 11.
This will be applied to all income regardless.


For the 60K self contribution, this falls under a completely separate category and has nothing to do with the usual salary deduction, which is Mandatory Contribution. So no need to link both together.

Maybe this confusion of 89% is because, if you read the form properly, the employee is selecting additional % on top of the mandatory %.
if mandatory is 11%, that's why can only write max 89%.

yeah... I wasted 1 month dividend worth on that 5K rm I tested back in 2019.... just cos wanted to see what they do with the 6K rm. lol.

nope... it is a math problem...

It is the addition part....
(melebihi kadar berkanun...)

I guess can, but I never tried it.

previously HR told me that at the end, the "system" still converts the fixed amount into %. I don't know if the system refers to my ex-firm's system or to EPF's system or whatever.
(dared not ask too much cos i was attracting too much attention already when I set my % close to 60. )

wow... this is a nice change of the rules.
and somemore, if use 4 days to reverse calculate, it is 6.10% pa div.

i picked 4 days cos I thought it was last day of the year, ie 31 Dec... and returned the deposit to you on 4th. and so happened it came out exactly 6.10%
plus epf's div announcement has always been in increments of 0.05%, like 6.10% or 6.75%. Never seen other digits on the second decimal point.

(btw, all these are just guessing and for fun/casual discourse only... )