sorry. i didnt get wat u mean.

that could be the purpose

This post has been edited by yklooi: Mar 7 2020, 12:41 PM

Any idea if EPF reduction is auto op in or I have to submit a form to maintain my contribution. I do not wish for them to decrease my EPF contribution.

You need to fill a form to maintain 11%.

Thank you.

It seems you're better off doing the 4% as self contribution, if you employer drags your EPF contribution to the middle of following month (cutoff date)

E.g. Apr 2020 first month take effect

Employer submits your share of 11%:
- salary 25th of Apr
- employer submits 11% mid of May - dividend for 1 day of May and full month subsequently

Self contribute 4%, employer submits your share of 7%:
- salary 25th of Apr
- self contribute 4% before end of Apr - dividend for 1 day of Apr and full month subsequently
- employer submits 7% mid of May - dividend for 1 day of May and full month subsequently

Do correct me if I'm wrong

any idea if the form is out to sign for the 11% stay? cuz i ask my hr yesterday they say form not out yet

https://www.kwsp.gov.my/documents/20126/147...+PEKERJA%29.pdf



This post has been edited by cybpsych: Mar 7 2020, 10:42 PM

thanks for the updates

How long will dividend be paid following the death of a member? My dad passed away a couple of years back and dividends have been paid so far every year. The last time I visited a branch, the staff there told me that dividend will be paid until a nominee initiates the withdrawal process by submitting the death cert etc, otherwise it will be paid until the member age reaches 100 years old.

KWSP website also lists the below


https://www.kwsp.gov.my/-/epf-no-change-to-...e-60-withdrawal

I have some concerns that I just thought about recently.

1. Will JPN one day notify KWSP that my dad is already deceased and thus KWSP will stop dividend payments to his account?

2. If the above never happens, KWSP notes that dividend will continue to be paid until the member reaches 100 years old before it is transferred to the Registrar of Unclaimed Money but some websites pointed me to the UNCLAIMED MONEYS ACT 1965 where an account which has been dormant for 7 years can be transferred to the Registrar of Unclaimed Money at any time. Which one is applicable in this case or do I need to add payment to my dad's account to keep it active?

Appreciate if anyone has some experience on this. My family feel that it is a waste to withdraw the money and to stop benefiting from the dividend payments.

Not sure how much is inside Yr dad's kwsp...
Why not withdraw out n then do self contribution into Yr mum n Yr a/c?
60k pm max

Quite a sum since my dad have never used his EPF money for anything before even for the house. It'll take years from my entire family contributing 60k to finish it Even if we put the balance in FD in the mean time will probably earn less, so we want to maximize what we can from the EPF.

120k per annum and the rest in fd.. Then repeat every year... Fd vs epf variance abt 2%...you do Yr math to see how much variance lost per year x number of years to finish transfer to Yr mum n Yr a/c.

found this...not sure if it is applicable to non muslim members or muslim members or both
or this clause had been amended...
best if you check it out further....

https://www.google.com/url?sa=t&rct=j&q=&es...XuTIW2iYP4uDF6L




Attached thumbnail(s)

check here >> https://www.kwsp.gov.my/member/withdrawals/full/death

No longer eligible for the death benefit as at the last time I visited the branch.

the "Green" box...."nomination will be revoked ....."

This post has been edited by MUM: Mar 10 2020, 07:47 PM

Well, guess I have to see if anyone has experienced something similar. The few times I have made inquiries, none of the staff have mentioned this though. Each staff said that the money can be kept till 100 years until death cert is submitted.

do a proactive approach or wait for responses is up to you...

but if I am at this current situation, I will just print out that article and go ask the PIC in Kwsp...
else if later kena withdrawal complication then

Each staff said that the money can be kept till 100 years until death cert is submitted......bcos it really is...
EPF members aged 75 to 100 to continue receiving dividends
http://english.astroawani.com/malaysia-new...dividends-58470


This post has been edited by MUM: Mar 10 2020, 07:59 PM

which exactly are you referring?

the dividend or the death benefit (khairat kematian)?

iirc, dividend will still continue with payout; but the death benefit (khairat kematian) must be applied within 6 months after death.