It's not as simple and straight forwards like FD.

https://1-million-dollar-blog.com/calculato...end-calculator/

Contributions in 2019 are prorated monthly. Total from 2018 gets 5.45% since they are kept a full year.

You don't expect to deposit in Dec 2019 and get 5.45% do you?

Mnet is a well known one sentence troll.

What rate u think is the "real" one..
I mean without "some adjustments" 😈

shhh...
don't say loud

anyhow
just curious only previously..

Thanks.

Chasing me away from this forum? Hope not. Ha.

A learning platform for me here. Also, ask for help here when I dont know the answers on EPF thing.

Cheerio.

Yes, less active now in Lowyat forum. More reading here than replying.

All the best. Cheerio.

Well exceeded my prediction of 4%. Terrible but not surprised.

Cukur, still above 5%.

Though this year is gonna also be another challenging year for KwSP

I'm reading numbers of comments on FB that are blaming the govt for the poor economy/management of funds that led to the drop in dividend...

But since nobody's mentioning it here I guess those comments are baseless?

This post has been edited by RigerZ: Feb 22 2020, 09:21 PM

If continue to stay in new Malaysia, our options are, between a rock and a hard place. which do they prefer?

If migrate, can withdraw 100% EPF and bring along to the new world.

This post has been edited by beLIEve: Feb 22 2020, 09:28 PM

Typed into Excel and able to match with 2 cents off, probably because I lumped both Account 1 and Account 2 together in my calculation.

I can confirm that only 1 day is counted for the contribution month. So if you bank in on the last day of the month, you probably lose dividend for the entire subsequent month (because it's only recorded in EPF the next day). Bank in on the 2nd last day of the month is the best scenario, assuming no hiccups between the bank and EPF.

Reference : https://1-million-dollar-blog.com/how-to-ca...e-epf-dividend/

This post has been edited by beLIEve: Feb 22 2020, 11:13 PM

Haha, this is human. They don't understand anything and just anyhow point their finger when something they don't like happened.

Here, we always put these blame on government, races and religions. That's how it is. If you comment something that they don't like to hear, prepare to get bashed.

Thanks for the confirmation!

I regret converting to shariah last time, just started working & kinda 'forced' by parents. The compouding effect from the difference will be huge. Have to find extra ways to invest now.

Learn to be at peace with your own final decision n parents' will...be in choosing your job, life partner, coerce your children into similar directions, etc.

My best buddy is an Eurasian, but will not allow his family members invest in ASB, because he believes its a form of racism. As long as they're at peace with that loss of financial opportunity.

Opps, OOT.

Why EPF returns are lower
Sunday, 23 Feb 2020

......
...."Considering ASB’s returns, the dividend of 5.45% declared by EPF for contributors of the conventional fund is commendable."

......."the dividend rate could come under pressure again at the same time next year."

https://www.thestar.com.my/news/nation/2020...turns-are-lower

This post has been edited by MUM: Feb 23 2020, 09:39 AM

Agreed with your observation.

Mine scenario. Self contribution in first 2 weeks of Jan 2019 (spread cross 12 transactions via Online Banking). The different merely 0.7x cents extra compared with EPF actual figures. Pretty accurate.

Dividend calculation mechanism for both self contri and statutory contri should be same.

Perhaps its more optimized to do self contri on 2nd half of Jan @ beginning of the year.

Don't feel regret, its just few points below non shariah compliance.
its for ur own goodness after life

then come this....
"‘Better than nothing’ sentiment over EPF dividends "
https://www.thestar.com.my/news/nation/2020...idends#cxrecs_s

financial literacy level of Malaysians?
I wish I could be the same mindset level like them....just made my current life more stress free......but my later life stressful especially near and at retirement when the realization of the magic & marvel of compounding effects of just 1% over the long run.