haha... that is the beauty of my wild proposal. The condition is that the bonus dividend must be spent, and so everyone can take the bonus dividend and spend... via e-wallets???

Then again, you are right. For those super high T20 (I call them T01) say some CEO or former CEO of a bank (hint hint), if they have say 10 million ringgit in EPF and the bonus dividend is 3%, they will get 300K ringgit to spend.
Headache for them... a cheap beemer is too "low class" for them to buy.

whatever number it is...i hope it's higher than sspn's

This post has been edited by lyc1982: May 26 2020, 11:01 PM

bwhaha that would be epic (if SSPN % > EPF %)
sh.. maybe ada ppl collaborate to adjust SSPN % to be a smidgen shy of EPF's % <insert THE MAN's aluminium hat scenarios here>

top up is only via cheque/cash (not more than RM500)/ bank draft?
Any other methods?

and how does one change/update their correspondence address with epf?

thanks.

Topup cannot do online?

Correspondence address can be updated in iAkaun:

thanks.
just did it through my mobile phone via the app.
so convenient unlike banks.

thanks again.

now to figure out the top up contribution besides physically attending the branches

Can one just dump in Rm60k at a go?

maybe over counter...?

Yeah. JUst wondering if I can dump Rm60k into my wife's account since she's not working anymore.

Can, Lao Da.
M2u, Hlb, etc... Just go to settings n update as Fav.
Per Calander year.

Thank You

If you already have extra 40k per year, i think can fill up form form epf of from your HR to deduct your monthly salary more than 11%, say push it to 20%.. provided you are salaried and .. well, i didnt explore on whats the max personal can contribute monthly via monthly salary.

You have my vote as the finance minister. Clear cut thinking instead of some dodgy supposed RM100 give pack to the poor but endup on RM35 on actual goods whereas RM65 maybe on logistic dunno to who handle n benifit.

The e wallet thing is the going forward clear on all transactions. I remembered that time they had this RM30 to e wallet n must spend within a time period. Government want to pump money, should pump it this way to excite the spending.

If you have say RM1.5mil in your EPF, you can even transfer RM400k direct to your wife EPF account from yours instead of RM60k yearly. If both already more than rm1mil category then nothing much to figure out.

Lao Da wealth situation exactly as you described in last sentence.

I imagine, Only challenge, $60k move in n out of the account, is too small to detect.

This post has been edited by Unkerpanjang: May 30 2020, 10:34 AM

Was thinking that EPF should be better than FD in the near future.
So just dump it into wife's account.

If you do that, make sure she stays your wife until the end. Otherwise all gone

... Written in poor taste! Not encourage in forum thread.

This post has been edited by Unkerpanjang: May 30 2020, 06:27 PM

Recently my epf contribution have been reduced to 7%. I went to KWSP to increase it back to 11%. Now i am contemplating to increase it to the max as epf interest rate is decent and guaranteed. Should i do it?

This post has been edited by ChenHo123: May 31 2020, 01:49 PM