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EPF DIVIDEND, EPF
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theevilman1909
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 Jan 20 2024, 12:47 PM
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QUOTE(Cubalagi @ Jan 20 2024, 11:53 AM) The median malaysian salary is RM2600 per month. https://www.imoney.my/articles/monthly-median-dosmAssuming statutory kwsp contributions of 11 and 12%, thats RM598 monthly. Thanks for pointing out π Malaysia salary is low. Indirectly EPF contribution also lower. Added with all the allowable withdrawal previously. Totally one EPF balance become low. |
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theevilman1909
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Jan 20 2024, 12:51 PM
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QUOTE(batman1172 @ Jan 20 2024, 12:33 PM) Wow thatβs low. I lost touch with Malaysian job market. I remember 2.5k was what I got 20 years ago so I went to Singapore. But even with 598 monthly in EPF working 30 years with no increment can still hit 600k? Yeah I lazy calculate. Malaysia salary don't increase with inflation & time. So whatever gotten years ago is almost same range. 600k later years become lower value. Not enough for survival |
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theevilman1909
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Jan 21 2024, 09:03 AM
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QUOTE(dwRK @ Jan 20 2024, 10:34 PM) i have learn to ignore whatever news and narrative...  only focus on what is important... how much div!  When the dividend date? End of February |
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theevilman1909
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Jan 21 2024, 10:27 AM
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QUOTE(dwRK @ Jan 21 2024, 09:37 AM) dunno when... this not important Not important for you. But for me, it's when I make decisions to self contribute more or not. QUOTE(CommodoreAmiga @ Jan 21 2024, 10:01 AM) Usually end Feb, but last year ding dong ding dong with politikus cannot make decision drag to March. Please don't until March. I want to self contribute by end of February. To get March - December dividend π |
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theevilman1909
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Jan 21 2024, 10:42 AM
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QUOTE(CommodoreAmiga @ Jan 21 2024, 10:36 AM) Actually what decision you need to make. the rate will be between 5.5% to 6.5%. Unless you think you can better this. Also, not every year is high, next year also can drop. Got money just dump in as much as you are comfortable to lock those money in until 55. I have lots of FDs maturing next month. Will dump in regardless. It's won't be lower than last year right? That good positive news. I'm okay with locking those money. Only issues is the amount. The rate is more, then I contribute more. If less, then I contribute less. Also worry about account 3. Or whatever they called them. How my self contribute money would be split. |
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theevilman1909
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Jan 21 2024, 01:25 PM
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QUOTE(Ankle @ Jan 21 2024, 11:37 AM) Nothing is certain but based on last three quarters results the coming dividend is expected to be more than last year and maybe even close to 6 pct. 2. Good that you have your reservations of dumping in more or not depending on performance. However just take not that the average dividend declared by EPF is 6 pct over the last 10 years. 3. No need to worry about account 3, the EPF board is well run to grow, protect and deliver your retirement funds. 1. good to know the dividend expected to be near 6%. Acceptable rate for me 2. my take is one does perform well. needed to "reward" them. So in EPF context. More self contribute 3. Still no clear details on account 3 EPF |
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theevilman1909
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Jan 21 2024, 01:27 PM
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QUOTE(dwRK @ Jan 21 2024, 11:49 AM) simple... split contributions... put some now for Feb-Dec... top up if you feeling happy  let me think about it. next week is the best time right? many saying 3 to 5 days month end |
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theevilman1909
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Jan 21 2024, 04:50 PM
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QUOTE(ronnie @ Jan 21 2024, 04:07 PM) the early you self contribute, the more dividend you get next year... the upcoming dividend announcement is for 2023 balance and contributions Agreed π Started early is good strategy.... But don't forget need to be steady. Don't withdraw even opportunity given. Then can achieve happy retirement |
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theevilman1909
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Jan 22 2024, 02:23 PM
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QUOTE(gamenoob @ Jan 22 2024, 02:19 PM) What is this 100k limit coming weeks, and enter by Jan 26? 100k is the 2024 self contribute limit of EPF. Jan 26 is cut off period for EPF dividend calculation for February month |
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theevilman1909
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Jan 22 2024, 05:46 PM
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QUOTE(MGM @ Jan 22 2024, 02:48 PM) Since when 26-Jan has become this? Jan 28 or 29 reflect in EPF account. Try doing on 29 Jan. When reflect on your account? |
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theevilman1909
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Jan 22 2024, 08:13 PM
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QUOTE(MGM @ Jan 22 2024, 05:56 PM) So far i have been using fpx in EPF-app, if 29Jan then it will be reflected on 31Jan but deposit date 30Jan, irrespective of weekend/weekday. Only worry is bank/epf system screw up. You want to take risk? Better self contribute earlier |
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theevilman1909
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Jan 22 2024, 08:42 PM
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QUOTE(gamenoob @ Jan 22 2024, 08:30 PM) I see... I thought dividend only for Jan to Dec 2023.... OK done FPX liao. You mistaken... It's dividend for 2024. Feb to Dec 2024 To get February included.. Need to self contribute by 26 or 27 Jan |
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theevilman1909
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Jan 23 2024, 08:54 AM
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QUOTE(gamenoob @ Jan 23 2024, 08:28 AM) It should be 2023...and for YTD balance contribution up to Jan 2024.... yes? What I know... Jan ,- Dec 2023 contribution : dividend in Feb 2024 Jan - Dec 2024 contribution : dividend in Feb 2025 |
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theevilman1909
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Jan 23 2024, 04:17 PM
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QUOTE(gamenoob @ Jan 23 2024, 02:22 PM) That what I thought too.... Then what this story about Jan 29 2024 deadline for self top up for dividend in Feb/Mar? Granted I will enjoy the dividends payout in Feb/Mar 2025 Jan 29 is for Feb to Dec 2024 dividend calculation (since January only count 1 day)... Payment Feb / March 2025 onward π |
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theevilman1909
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Jan 23 2024, 09:43 PM
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So the expecting rate ranges from 5.95% to 6.15%
Anything higher or lower than above stated is not good (if lower) / excellent performance (if higher)....
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theevilman1909
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Jan 24 2024, 10:01 PM
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QUOTE(KIP21 @ Jan 24 2024, 09:11 PM) Should do this years ago to have all civil servant gaji% to KWSP ... and not pencen.... any clue how much yearly budget need to pay for pencen only? Looks like around 30bil above minimum |
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theevilman1909
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Jan 24 2024, 10:39 PM
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QUOTE(sjteh @ Jan 24 2024, 06:52 PM) Believe tis will boost Shariah acc return Why there's boost for shariah account? |
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theevilman1909
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Jan 26 2024, 12:49 PM
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QUOTE(ronnie @ Jan 26 2024, 10:07 AM) Confirm lower EPF in 2024 onwards with PNB Head as EPF Head... don't think would happen. EPF returns all based on the investment portfolio performances  not solely on EPF Head |
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theevilman1909
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Jan 26 2024, 06:34 PM
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QUOTE(romuluz777 @ Jan 26 2024, 03:52 PM) Lets give the guy some time to perform. These roles are not for long term, they can be replaced anytime. The incumbent was from a different industry and still he did okay. EPF is one of the well best managed organization in Malaysia. whoever at the helm needed to be efficient & smart enough to run the organization that worth almost 1 Trillion Ringgit... |
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theevilman1909
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Feb 3 2024, 06:08 PM
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Keep doing maintenance...
Dividend announcement coming very soon...
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