why don't you tikam that then?

so easy to create tiering meh?

remember that Rafizi and Zafrul both are T20 and has quite a bit of Epf balance.

I am thinking closer to this....

<10k = 11%

10k - 100k = 5.5%

100k - 200k = 5.2%

200k - 500k = 5.1 %

500k - 1mil = 5.0%

>1mil = 4.8%

why pay T20 and M40 people more.... we should only help the poor....

(btw, if one only has 9K rm in EPF at the age of 60, and that is all one has, good luck on the 1K rm per year dividend.... I hope the 80rm or so per month can fill his/her stomach)

well, that is what the politicians claim they want.... to help the poor.... purposely say T20 average balance is 200K rm, and because average is 200K, the bottom group of T20 EPF balance most probably is like 100 to 150K rm.

that's why I propose only below 10K rm can get the yummy 11% dividend. Above 100K balance is already T20... so screw them....

This is the logical steps if we literally listen to the politicians.

???

It was all this while Conventional... why suddenly ask for it to be fully shariah? you have ulterior motive?

got a simple solution.... set a hard limit like 300K rm and force everyone above that limit to take their funds out. No conditions.

Lets see how much EPF management and EPF's fund managers like this area...

I can guarantee you.... no fund managers like to see the fund size shrink.

don't know about others, but I sure will have headache and complain if I have too much money.... imagine having a few billion dollars... now that brings in a whole lot of headache and problems on its own.

humans will always complain.... too much or too little do not matter.

haha... but chances will be that if I were to give away such a large sums of money, it will be to set up a proper charity organization and manage the funds well to generate income to spend on charities.

hence the headache... and i am sure, there will be plenty of complaints about how much work it is.

same here...

website also cannot login...

that's why I dare not reply too much to earlier responses... worry kena complaint for out of topic... hah

all I wanted to elaborate was the complain part... and then off we go about billions and lotteries and charities... lol

This post has been edited by Wedchar2912: Feb 23 2023, 09:40 PM

not worth bending down man... not for 50 sen... there is no free money on the street....
for me, worry will strain my back...

haha... I dare PMX to implement capital gains tax.... really dare him....
that will trigger complete capital flight out of Malaysia and even faster brain drain....

and he may not last long as PM also.... T20 voters are relatively large group as well.

You must be GPT's brother.... like what some other forumers jokingly hint.... lol

please do differentiate between capital gain tax and income tax and individuals vs corporations....

yay... now the demand to withdraw 10 to 30K rm will be even louder.

someone needs to teach the MOF about efficient market theory and capm model....

unless they plan side step proper investment strategy and just park certain projects under 2 completely separate books to make the returns of the smaller investable universe be greater than the larger investable universe of assets.

They may.... we just don't know what the real plans is...

imagine say there is a special project to build the pan-borneo highways and rail tracks.... easily shariah compliant.... so can conventional book of EPF invest in this project, or all earmarked for the shariah book?

This is budget 2023 for the country. Not budget of KWSP.

the announcement has to be interpreted properly.... that almost 1 billion ringgit is inside the country's budget/spending.

understand....

i don't mind this 500rm injection... but it is kinda silly to inject this amount and what is this going to do for the 40 years old chap that is hungry today?

why not just implement UBI....

that's not really true also...

anyone can convert to syariah epf... regardless of one's believe....

and what is claimed to be shariah compliant may not really be also.... already got examples of cases exposed....

so no mention of subsidies getting removed? and bring in new jobs for the real B40s?

(not the fake B40s reading this thread... who many are retired... hah)

Don't know about you or other readers...

but I remember when I was younger, I would just discount many things that my grandparents say cos they are old and not updated to current issues and sentiments... but as sign of respect, cannot criticize... my grandparents back then were only in their 60s.

and yet in Malaysia (like in Japan), the elderly are governing the countries and corporations... how to advance lar...