Any different? Limit is still the same as RM 60k per year.

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

appreciate it

is it worth it? or should i try invest in robo advisors like Wahed/Stashaway?

With EPF, your risk free return is 2.5%.

Are you referring to the additional contribution in excess of the statutory 11% from salary ?

Am non-bumi bro, thats why hv to look at other means of returns😅

For easy liquidity in case of emergency need, at rates above FD.

Good idea if one have a million in epf to make all the self contribution available when needed again. Can treat epf as high yield saving account.

Its different. Topup means exixting salaried monthly contribution plus extra contribution . Separate means salaried contribution are not taken into account.

So separate self contribution can have extra RM 60k limit on top of the salaried contribution?
But topup contribution will have lower limit of RM 60k minus salaried contribution (at annual)?

Yep thats the plan😋

That quota thingy for 60k. What if I put 60k now in may this year , next year Jan 2021 I still can enjoy refresh 60k quota am I right?
Or have to do it in may 2021?

It's based on calender year n earn monthly interest.

Go confirm with kwsp...so, next year earliest topup 4 Jan 2021 (Mon)

This post has been edited by Unkerpanjang: May 25 2020, 08:00 PM

i think it's by year...
not by 12 months

Yes, it’s by year, not 12-month rolling period.

I see. Thank you for sharing .

What is the dividend rate that you guys expecting for this year?
5%?

Morning, a genuine n logical question...

For the majority of wage earners, both kwsp and lhdn are mandatory contributions. Although during special instances, they allow dome flexibility in Kwsp personal contribution (due to mco - retrenched, pay cut). Thats the rude reality, if 100% income used on expenses.

If the economy continues to worsens, expect personal income tax, gst %, inflation, etc to increase; while dividend yields to further compress.

This pandemic teaches some people (despite their relatively high net worth) to live simply, while many others (facing basic food shortage) to simply live.

I'm hoping for 6.5% dividend, whether realistic or otherwise, ...as the saying goes "Hope is the last thing to die" .

This post has been edited by Unkerpanjang: May 26 2020, 12:53 PM

It is really up to the Government of the day, ie the PM and FM. The government can override any rate recommended by EPF.

Having said that (a bit cynical with the above statement), given what we know how the markets been performing until today 26 of May, and that PN government would want to remain popular, I would say your guess is very fair. Can even aim higher at 5.5 to 5.99%. MGS/GII been holding so well that they are capital gains, while our Bursa shares has rebounded nicely. All thanks to BNM's rate cut.

A wild thought. Maybe EPF should give bonus dividend like extra 3% on top of what they normally declare, and state that this bonus dividend must be distributed and spent. Help spur the economy somemore.

Hahaha, good to read a relatively young man with head screwed on right!

Based on your last paragraph, most readers wud have immediately categorised you as T20% or even T10%. (last Kwsp report suggests only 0.5% active contributors hit above the $1mil savings mark)...Congrats!

At first, i thought what a wild thought indeed. But think deeper, it can be down.

Declare divvy for 2020, but forced to take out. It can be as simple as that. Since they allow ppl to take money out from epf for this period (cant remember dunno called what), should be doable.

Good for economy. Granted, some may still save it up but at least a large portion will use or need it.

In the interest (pun intended ), in order to stimulate the economy, one cannot keep the money in EPF account but must spend the bonus dividend. Maybe throw the money into respective contributor's e-wallets run by companies that Epf has a stake in, and put restrictions that the money must be spent on certain purchases, medicine, or donations to charities. It is purely to stimulate the economy.