Thanks. I just called the payroll company and they say it can be paid at the end of May.

Was there an annoucement on this delay?

No. It depends on your company; not EPF right?

You should be checking with your company HR/account payable/payroll on the delay.

This post has been edited by GrumpyNooby: May 22 2020, 10:55 AM

Company has paid on time. It is the payroll company that is dragging on. I found it, thanks!

https://www.kwsp.gov.my/ms/-/extension-of-m...on-payment-date

The payroll company is just an executor of your company instruction.
The payroll company is mediator between your company and EPF and they shouldn't delay it as it is not their money to start with.
My company payroll is also outsourced but yet they can execute on-time per schedule.

Yes, they are only the executor but also have their own cycles. It’s one of the largest payroll companies in Malaysia so I doubt it is for individual gain. I recall their cycle has always been the last date per statutory requirements so the change from EPF triggered this.

I am ok as long as it doesn’t vanish

This post has been edited by TheEquatorian: May 22 2020, 12:55 PM

Very late also this month

FD rate now so terribly low.
For age 60 + is it possible to deposit max 60k one shot into EPF for better returns?

I feel its a better alternative to FD.
Assuming you fully understand the kwsp withdrawal T&C.

I do it, as part of diversification. I wish to retire back in MY.

Great decision. In Ringgit Malaysia space, EPF still provides one of the best risk-reward return with explicit guarantee of 2.5% return by Malaysia Government.

If working overseas in a much higher cost of living locale, putting 60K ringgit per year is doable. Can even pretend that it didn't happen. :-)

Tax free and risk free too. FYI, EPF dividend is guaranteed at min. 2.5%.

Unlike most OECD countries where withdrawal age is 70, ours 30% at 50 and full upon 55 which is very convenient.

I also did the same on self contribution. However, I utilized the 60k max in 3 months.

This post has been edited by bronkos: May 24 2020, 01:46 PM

looking at current situation...loan rate, FD rate all going down

i maxed out my 60k self contribution in epf already

zero FD

I wish the govt would raise the $60K annual limit for self-cuntribution, up to $100K at least would be nice.

May I know what the reason behind this proposition?

Even my statuary and employer portion combined contribution also can't even reach RM 60k per year.

Monthly self contribution (on top of the annual $60k) via Borang 17A. I think, up to X% of your monthly net salary. (ie, your after tax n mandatory kwsp deduction)

If you r serious, go check eligibility at KWSP, only applicable if you work locally.

Reading your posts, likely you a Bumi... Have you maxed the ASB123? I apologise if I come across as uncouth.

sorry for a silly ques, may i know is account 1 of our kwsp is automatically entitled to the dividend each year?

or do we have to make investment to get the dividend?

Total amount in both sub-account I and II.

noted tq!

can we make addition investment with kwsp (on top of our existing caruman)?

Yes, you can do top up contribution up to RM 60k per year.

https://www.kwsp.gov.my/member/contribution...gs-contribution

This post has been edited by GrumpyNooby: May 25 2020, 03:12 PM

Not topup but separate additional contribution