why cant deposit into bank Acc..  then use online to transfer from bank acc to epf?

saves the hassle of filing up forms...

Wow, that is a long time.
The basic minimum sum requirement had changed many times already...
Basic salary had increased many time too.
Time for them to update that (much depreciated) 1 mil target

I thought they are changing that 1 mil to 1.1, 1.2, 1.3? Every increase 100k each year for 3 yr to 1.3 mil

Only worries is it's dividend sustainability...

Would it maintain higher or would dropped lower than Conv after few years time...

Decision Decision Decision.... Hard to make 🤔🧐😔

SO much depend on our KLCI performance.
Now around 1600 estimated max should be 6%.

2023 KLCI lowest 1369 highest 1501...
Bro...now klci almost 1600.

The payout ratio play major role @ factor...

Need to be over 90%+++
then only might see better numbers...

understand and agree with your points. possible...

but it also begs the question of whether this effectively means EPF is "robbing from Peter to pay Paul"...
the current EPF members, Peters, are underpaid whenever the payout ratio was too low... like 90%. that is kept...
So when will EPF then pay out these reserve to pay Pauls, future EPF members?

Peter and Paul are EPF members but of different years btw. hence they are strictly not the same members

Will this retirement age impact on our EPF contribution? Like example if 55, meaning employers will contribute until 55 years old? Or there is no impact at all, just a guideline to stop working

In Klang Valley, I applied RM4250 for 2 pax per mth, with 50-50 makan outside and home cooked meals.
Groceries + toileteries approx 1K per mth. Petrol RM400 + parking + occasional tolls p/mth (assuming driving P1/P2). Meds 250 per mth, house utilities + internet RM350 p/mth.

true...when young...very sked to put money in EPF...cuz it's gonna be locked in there for very long...
but as you get older and nearer to retirement...suddenly it looks like a very good option to put there as well too... 

Have This 1.8 million at age 55 upon retiring
Have 25 yrs more to reach 80 yrs old.
Does this retiree need to leave that 1.8 mil as legacy or he can spend 1.5 million when he reached 80?

I am currently having alot lesser than 1 mil in epf  yet I calculated my money in epf and outside can last me for another 20 yrs..

I guess it depends on some factors like, how much one need to spend upon retirement and how much one wanted to leave behind at age 80.

My parents last time also has much lesser than me, yet they still can retired for many years before their demise.

To get to adequate category in 2050, need to hv starting pay of 8k now, .... i think something is not right.

Kwsp has mentioned that, ....
"Future Adjustments to Reflect Cost of Living
To remain relevant to rising costs, the RIA savings levels will be reviewed every three years, starting in 2029, using updated data from the Belanjawanku findings.".

EPF Releases Belanjawanku 2024/2025 And Retirement Income Adequacy Framework
https://www.kwsp.gov.my/en/w/epf-releases-b...quacy-framework