Been a few years. Nothing I can do at this point if kena already anyway haha. I'll try to keep in mind the next time I drop by or when I can finally get through their hotline.

https://www.kwsp.gov.my/member/nomination

Their page and information listed a bit confusing though.

Then in the same page, just a few paragraphs below it says this.



Seems like won't affect the money in the account. Just some more hassle when trying to withdraw. Glanced through the withdrawal without nomination, seems like we have all the required documents to do so. Anyway, just wondering about the status of the dividend payments. I'll worry about the withdrawal another day .

The original question, the dividend payments, and whether the account will be listed as dormant account and transferred to Registrar of Unclaimed Money. Another user brought up death benefit which I answered that we are no longer eligible for.

oic

imo, better withdraw it and find some place to re-invest or do self-epf contribution, reduce current burden (if any), etc etc

else, if keep in epf, just periodically check with epf officals on the withdrawal t&c, in case there is new policy introduced that may impact you/epf $

if this is the case, better take out all the EPF money.

What happen if the decease person nomination been revoked? That mean need to do LA? Will it costly and time consuming?
Even the nomination still valid, if one of the beneficial pass away, then how?

Pinjam PP slogan
<You never actually own the EPF monies. You merely look after it for Registrar of Unclaimed Money.>

Hi guys now that I have decided to do self contribution for my retirement, I am wondering about the dividend you will receive when you do your full withdrawal after your 55th birthday. I called up epf also get funny answers.

Eg, we know the dividend rate declared in 2020 is for the year of 2019. So what happens if you withdraw all in September 2020?

Long answer short, they will pay you based on the amount you have daily from 1st Jan to September 2020 based on the 2020 year declaration. ie if 2021 they declare more, you lose out. If they declare less you earn more.

May I know if the above explanation correct? Thanks

THANK YOU SO MUCH!

Anyone checked if EPF open? Should be considered financial institution right

fully closed ..

Battered share market sees EPF losing RM23b

https://themalaysianreserve.com/2020/03/17/...f-losing-rm23b/

THE Employees Provident Fund’s (EPF) investment value in 219 public listed companies fell by as much as RM23 billion since January this year as the novel coronavirus pandemic hammers the stock market.

A check by The Malaysian Reserve yesterday showed that the total equity value of EPF’s stocks declined to RM135.6 billion compared to RM158.5 billion at the end of the fourth quarter of 2019, erasing a staggering RM22.9 billion in total value. Only 42 stocks posted an increase in investment value for EPF in the same period.

The local stock market, like all equities, had been battered after the coronavirus became a pandemic. The FTSE Bursa Malaysia KLCI (FBM KLCI) dropped to 1,280.63 points yesterday, the lowest in more than a decade.

This year alone, the index had shed 19.39% while against the one year return, it fell 21.05%.

The stock market has been going through its biggest fall since 2010 as investors scurried for safe haven instruments following the double threat of a coronavirus-driven global recession and the Saudi-Russia oil-price war.

Foreign investors dumped local equities as fears about the worsening worldwide economic slowdown. Saudi Arabia’s decision to increase oil production to drive Russia and the US out of the market sent further shockwaves into the equity markets.

The EPF’s 10 worst performing stocks in last three months are Petronas Chemicals Group Bhd (PetChem), Sime Darby Plantation Bhd, Public Bank Bhd, Tenaga Nasional Bhd (TNB), RHB Bank Bhd, CIMB Group Holdings Bhd, Hong Leong Bank Bhd, Malayan Banking Bhd (Maybank), Hartalega Holdings Bhd and Malaysia Building Society Bhd.

By industry sector, EPF’s largest current exposures are in the financials (38.4%) and consumer staples (14.9%).

The sector that took the heaviest beating was banking, with a total of RM7.75 billion decrease yearto-date (YTD).

Interest in banking stocks plummeted as world financial regulators cut interest rates to keep their economies floating.

Bank Negara Malaysia (BNM) had cut a total 50 basis points (bps) this year alone.

According to Bloomberg’s data, EPF’s stakes in Public Bank dropped the most, amounting to RM1.4 billion within the last three months, followed by CIMB Group (RM1.3 billion), Hong Leong Bank (RM1.24 billion) and Maybank (RM1.17 billion).

Oil and gas (O&G) stock PetChem was the worst hit stock with RM1.63 billion lost in EPF’s investment value since January 2020.

The EPF in early March raised its stake in the company to above 8%, comprising of 640.5 million shares in PetChem after acquiring additional 5.81 million shares. It is believed EPF bought the stake from PetChem parent company Petroliam Nasional Bhd. The state-owned energy firm reduced its shareholding in a few of its subsidiaries late last year.

The increase in stake has led the stock to surge in stock price but the oil price war dragged PetChem’s share price down by 34%. As of yesterday, the company is trading at RM4.30 a share, valuing the company at RM34.4 billion.

thanks for the updates.....
will set my mind and activities to realign this year EPF returns to be 2.5% in Feb 2021

Lucky have minimum rate..
If not become like TH 1% only 🤣

https://www.theedgemarkets.com/article/majo...ose-rm557b-rout

No escape from the market losses
Next year dividend rate sure very low...

be optimistic, we would be guaranteed at least 2.5% return.

Just imagine the Shariah type..
No guarantee of 2.5% rate 😋

yours in shariah punya?

Lucky me didn't convert into Shariah 👍😁
Friends of mine. Those religious kiasu type did...

Well after world is more important then current life.. meaning no dividend also syukur allamdulliah 😉

Boleh keluar KWSP akaun 2 untuk setahun

Bagaimanapun, kata Perdana Menteri Muhyiddin Yassin, ia tertakluk kepada kadar maksimum RM500 sebulan untuk tempoh 12 bulan.

https://www.malaysiakini.com/news/516237

This post has been edited by GrumpyNooby: Mar 23 2020, 01:47 PM