You don't have to beat EPF rate, its ok to be slightly lower than EPF because EPF is locked until 55 years old.

EPF with 5.5% compared to let's say ASM which gives ~4.5%, ASM will still be better because you can redeem it anytime and is as good as cash.

Another way will be to invest in property. Let's say if you found a good deal in the market but all of your money is invested in EPF, you'll miss out on the deal.

Of course, EPF is important for your retirement savings. There's where the compulsory EPF contribution comes in. You can just leave it inside and let it grow as your retirement savings.

Capital is guaranteed because it’s denominated in MYR, a currency Malaysia government can print however they wish.

They invest a lot in Malaysia government bonds, if the gov cant pay back, they can just ask Bank Negara Malaysia to print money so Malaysia won’t kena sovereign default.

But that means hyperinflation will happen, so EPF will still be able to pay out 2.5% minimum per year, but all your existing savings inside are worthless.

The way I look at it is EPF is saving for our old age. We don't know what might happen when that day comes. So,.. well,... it's still good to have funds in EPF or in any pension funds elsewhere in the world. EPF comes to almost zero risk,... the only risk being when the time comes to withdraw the thing that can happen is the a withdrawal age might be extended further.

BUT chances for this extension to happen IN MSIA in almost zero because of our ethnicity.

At today's times when we are still many years away from being able to access our funds in EPF, we must learn investment tactics and open investment platforms to invest ourselves. We must not depend on EPF only to help us invest our funds.

Secondly,... EPF allows tax deductions.

JMHO.

EPF records RM12.16b gross investment income in 1Q 20

https://www.thestar.com.my/business/busines...income-in-1q-20

So I saw someone speculate that EPF may increase the withdrawal year.

Any thoughts on that? Are you guys still topping up?

Question - until attaining what age can I do self contribution of 60k per year?

as per this FAQs?
https://www.kwsp.gov.my/member/contribution...lf-contribution



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not sure about you or others...
but as for me,...i would not do much thinking about anything based on just "someone speculates".
for i have much better things to do and to think about.

Thanks, but I did not see any age mentioned anywhere in the page.

try check
all Voluntary Contribution
Self Contribution, i-Saraan, i-Suri,Top-up Savings
to see if it did mention age limits

most like after attained age 75, as after this age no need to register for EPF a/c opening to join as member
https://www.liew.my/social/epf/

This post has been edited by MUM: Jun 14 2020, 09:56 AM

It is very unlikely as it is a very unpopular decision and could affect whichever political party in power. Imagine that most Malaysian do not have enough saving and solely depend on EPF as their "saving".

Although some form of limitation on the withdrawal might be possible in the future, raising the withdrawal above rm 1 million to rm 2 million instead. No more 2nd account withdrawal for housing loan instalment or downpayment or even staggered disbursement when reach the retirement age.

If i remember correctly, EPF already raised the concern that sometime in the future, the money outflow from EPF fund will exceed the inflow of fund which could be troublesome for their investment.

Kwsp, seeking forumers opinion...

Q1'19 9.7mil profit
Q1'20 7.5mil profit
FY 2019 dividend 5.45%

We expect Apr n most of May to be weak due to global lockdown. So, likely Q2'20 just as mediocre?

However, past events 1987, 2000, 2008 have shown KWSP maintain dividend at minimum 2.5% above the annual 2.0% inflation.

Question, will KWSP FY 2020 dividend be any different?

Is MY currently experiencing deflation n will jobs/businesses liquidation phase get worse in the coming months - sinking KWSP dividend to a new 20 year low?

On my side,.. I'll look at it this way if I'm near to retirement age. EPF Board will give us time to adjust before they implement anything,.. they won't just say that 'starting with immediate effect,....', they will implement this or that. So, when they announce anything and give us the time to adjust, we can always withdraw everything if we wished to if we're 55 yo.

For those who are not able to wothdraw in time, then they will have to follow,... incl myself.

But,... like I always say.... in life, we must learn to invest ourselves, we must be leaders ourselves,... do not be followers. The internet today has enabled all these.

Well worse case I expect is
4% rate..

Anything higher than 4 is bonus for me 🙏
Because low risk & we do almost nothing..
Just few clicks here & there for transferring & documentation..

Q1,19 vs Q1'20 is a drop of 22%.

If all things being equal till year end FY 2020 dividend may be 4.25%

4% still better than FD...and potentially ASN

At the end 2018, Only 36910 or 0.5% of the total active EPF member saved more than 1 mil.


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continue reading..., expect not many EPF contributor have not enough money to retired.


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Its normal.

Even in developed nations, the retirement age has to be delayed due to inadequate funds for retirement.

Developed nations in the west have good social security system. Meaning you get some income when you retire, even if you have no savings. Not much, but covers essentials to survive. But we, unless we are pension eligible govt servants, only have EPF and our own additional savings.

This post has been edited by Cubalagi: Jun 19 2020, 09:03 AM