Hmm...

T10 but having average of 510k??

Should be 1mil minimum average? 😁

What is Khazanah's T10?

If its the Department of Stats one, then its about household income, not individuals.

Can we continue to "add into" EPF after we reach 75 years old and already not employed ?

I know the dividends can still be paid up to 100 years old.

Sure 50% in fixed income...

Then how gomen want to sell their sukuk.... Must have EPF to subscribe....

From the EPF themselves they set the T10 cut-off at above RM155k... however there is no average given.
I think Wedchar2912 guesstimate average is better due to my guess that EPF figure probably included non-active members that had retired and empty out their account partially or fully at 55 but continue to work a few years more.


Source: EPF SOCIAL PROTECTION INSIGHT VOL 5 2021 - Appendix H

However The Edge give the following figures some time back..



Source: Putting old-age security within reach of Malaysians without public pension, RM1 mil savings

I had not followed up with the latest of the EPF statistics so I dont really know if there is any newer figures around.

Above 155k is Top 10%?? Kek. So meaningless. At least 500k and above. 155k is what...doesn't even meet the low minimum retirement figure set back EPF back in the 60s or 70s!!!

question, are financial advisors making millions for themselves already?

Is the Apps different from withdrawing via the website?
I have already validated the withdrawal via the website.
Do I need to validate the use of the Apps?

also grow their own money ma

How can it possible that someone has RM2M in EPF at the age of 20-24?

why those millionaire don't withdraw?

Just parking place...

Just for fun & see the $$$ growing YoY...

Don't actually need the $$$ too... So keep it there "collecting dust"

why cant all these article just reflect the real deal by mentioning the pension funds those gomen servant gets after they pencen and reverse calculate how much those pension worth for each individual gomen servant....as we "shockingly" know that 99% gomen servant is bumiputera and their pencen total payout untill they pass away and their spouse continue to get, and if not mistaken their son can continue get it?(correct me if im wrong im not gomen servant). i believe alot individual gomen servant that worked untill retirement age can more or less pencen value as much as millionaire's dividend in EPF..

Pardon me if this is common knowledge. I only realised this the other day when I looked at EPF press release on their B40, M40 & T20. Why is the number of members in B40 and M40 the same? I used to think that there is only 1 common set B40, M40 & T20 for our country. Wrong. The reason why B40 and M40 member numbers in EPF are the same is that B40 is 40% of the members from the bottom up and M40 is the next 40% of the EPF population.

Ditto for B40, M40 & T20 in LHDN. And others.

So, we cannot compare/equate B40 in EPF to B40 in LHDN. Different population segment.

Maybe we can compare B40 in EPF with B40 of another retirement fund.

If I am wrong, please give me a shout. Thanks.

P/S Curious, which B40 is higher, EPF or LHDN?  Saw a report stating RM35k to RM100k as LHDN M40.

Were you able to recieve the Bantuan Rahmah recently?

You might also get patrol subsidy if they implement the subsidy reduction proposal.

Also can try apply for cheap housing like rumahwip.

UBI should be unconditional cash payment to everyone regardless of their earnings/employment/race etc... Would people be motivated to work for their passion or for extra income?

...
I actually agree with UBI. The question is how much is acceptable living amount and how they source the money and how to implement it. I also support unconditional or even just unemployed (coz i will jump into that category without a second thought if the amount is good enough). The issue is this, can we trust the gov agency who is doing it? If you say let kwsp handle it then it's i agree. Kwsp is not gov but at the same time part of gov and thier work is definitely top class. Not like gov sector. And they have everything under thier fingers. Easily accessible information and data, efficient staff and most importantly everybody knows where the office is and familiar with thier working. I wouldn't mind going kwsp to get my ubi or direct bank in after processed by kwsp

I thought you say unconditional. Why tax credit? If i not working i no income i use tax credit deduct what ah? If i work and income too low i get tax credit for? If i retired then i get tax credit for? Don't agree. That is not ubi. That's tax advantage for rich ppl only.

Then this is not UBI. UBI is universal basic income. It means everybody above 18 (or whatever legal working age is) is given a fix amount of money irregardless of what situation he is in. He can be working, retired, studying, retrenched, unemployed or whatever it is with an exception he is not in the country or PR or tourist (only citizen). It is money given to all citizen of the country that is within the country so they have some money they can use to eat or survive so they will not resort to crime.