wow...

got my 6.75% !!!

If I based the EPF dividend calculation on the formula given by
http://1-million-dollar-blog.com/how-to-ca...e-epf-dividend/
the figures don't tally, amount shown on actual statement is more. Maybe the monthly dividend earns dividend as well?

Nope, as long as EPF's dividend are > 5%, it is very good already.
You may consider to take EPF money to dump in any funds when after deducting what ever fees and they write in black and white stating the fund's dividend is 2X of EPF dividend.

Ok mar

The concept is correct
Wat is d difference u get?

No fund manager will give u B&W on their returns

Statement shows 0.3% more, thats why I think the monthly dividend earns dividend in susbsequent month(accumulating) as well.

Suggest u use xcel for manual calculations:-
Opening bal x 6.75%
Jan 14 cont x 335 days x 6.75%
Feb 14 cont x 307 days x 6.75%
Mar 14 cont x 276 days x 6.75%
Apr 14 cont x 246 days x 6.75%
May 14 cont x 215 days x 6.75%
Jun 14 cont x 185 days x 6.75%
Jul 14 cont x 154 days x 6.75%
Aug 14 cont x 123 days x 6.75%
Sep 14 cont x 93 days x 6.75%
Oct 14 cont x 62 days x 6.75%
Nov 14 cont x 32 days x 6.75%
Dec 14 cont x 1 day x 6.75%
Difference, if any wil b negligible

Because they know that they just want to cheat poor investor's money

Another good year for EPF..

Previous year (2013), got 6.35%, this year 6.75%

See what I meant by EPF has never gotten negative returns and beat even best FD to date?

Some early retirees people preferred to take all their EPF money out last year and invested in Gold and Oil!
Of all the things they invest, they invested in gold and Oil. Their portfolio drops 40% because of this mistake.

Thanks a lot, bro. Diff of 1 sen only.

In liao tenkiu Najib

EPF is among the best managed Ponzi fund In Malaysia

This post has been edited by nexona88: Feb 8 2015, 05:41 PM

If you take the average since 2003, it is only generating 5.43% p.a.

still better than Board / promo FD rate

Still better than any fund around.
I got close to 7 figures of dividend

This formula gave me exact amount as KWSP statement.
this confirms money credited in any day of month, you only get 1 day interest for that month.

Self contributions in 2014
1) Paid Cash at KWSP branch on 17.4.14- credited on 18.4.14
2)Paid local cheque at RHB bank 17.4.14 - credited 25.4.14
3) Paid cash at RHB on 26.5.14 - credited on 27.5.14

Lesson -
No point paying early for that month, you pay on 1st or on 15th you still get 1 day interest only.

For self contribution
cash, bank in the last 2-3 working days of the month
if use cheque , pay the last 7-8 working days of the month.


Agree with you 100%.

I assume 7 include 2 decimal

Without
Just joking, yup, with . in between.

Just checked my I - account and saw the 2014 dividend has been credited. Tq EPF. Keep up the good work. Make sure my money works hard to grow more money.

RM675,000 is only a 6 figure dividend. For this you must have RM10M in EPF.