why go to lhdn? epf is kwsp, no?

u know u r dealing with a dupe with that kind of question.

duplicate

This post has been edited by bronkos: May 31 2020, 01:23 PM

he got some problem already.

Ye sir don't know how to invest. No if you know what to invest and can beat EPF returns.

I didn't cause I know how to beat epf returns.

No. You can self-contribute later on, don't kaypoh banyak.

Also you won't save any more tax past RM4000 annual contribution. Diversify and put in stashaway instead.

if your tax bracket is really high like >21%, use PRS

I 2nd to that LOL!!!

Always better right? Tradeoff is cant withdraw now, unless already at 1 million cap. Good place to keep money. Make own company and declare huge salary to pump huge money into EPF. Owh contribution got limit and late become rich.

Gv free money to kwsp when everyone is withdrawing their money why not?

If you're thinking that you can get the same or better return than EPF via whatever investment vehicle you personally are using, you should bear in mind that returns are only one side of the coin. The other is risk.

EPF is effectively risk-free, meaning you will never lose what you invested. There aren't very many products out there that can match EPF's return and risk profile. If got, usually there are restrictions like ASB.

Just be aware whether you are ok with increased risk of losing capital for higher returns if you do choose invest some of your contribution to EPF.

EPF is the best FD out there. I’d try to have at least 3-4 years worth of my annual income before embarking on a riskier investment.

True. But it is very illiquid. Money in there cannot be withdrawn in an emergency unlike FD, esp if young.

If you want to top up, just be sure you have enough to get by for a couple months instead of going all in with your savings

It’s not about beating EPF, it’s to manage risk.

Putting majority of assets in EPF and Malaysia real estates pose a serious MYR risk.

If can, spread out to assets of different class, countries, and currencies. Even if the return doesnt beat EPF, it is still safer in long run.

The probability of Malaysia Ringgit end up hyperinflating like Venezuela, Zimbabwe is not zero.

She's already 56 years young. So withdrawal is not a problem.

Ok ok, I donno that fact, sometimes talk kok but no clear head tail.

This post has been edited by waghyu: May 31 2020, 08:45 PM

I'll never dump more than required into my EPF account. Reason? It is extremely illiquid.

What use is the guaranteed 2.5% interest rate if you can't use it? Its your own money but you do not have access to it?

Experts suggest the average people to not touch their EPF money, because average people will buy liabilities instead of assets. Are you average? If yes then invest in EPF.

Forced saving, your future you will thank you for that.

Yes bro, that is why I said EPF savings is for the average person as their forced savings.

If you are better than the average, you'll find much better investment outside with better liquidity.

You have a point. But EPF currently gives out interest rate between 5.5%-8% the the past 10 years. Considering capital is Guaranteed (Super save risk), its hard to find alternate investment which can beat it.

Correct, if you're not confident for taking extra risks; just pump RM 60k annually into EPF will solve your headache and worries for the next 30 to 40 years.