guys...

love to see all you sharing life experiences... give some new insides 

BUT it's kinda off topic from EPF... yes, under "retirements" too but not directly...

there's some people keep reporting in this EPF topic unnecessarily.... and if unlucky... gotten some "free" holidays too...

just be careful

Made self-contribution via Maybank Online Transfer on 29th, Credited to EPF on 30th :thumbsup:

In future when govt workers contribute epf and when USD/MYR improves form 4.7 to 3.8.

EPF keep saying compounding interest is very geng / hebat but if we do simple math just saying that we have 10k in EPFin order for 10k to become 20k you we need almost 12 years if is with 6% dividend

so the power of compounding interest is not that powerful after all

12 years from now 1 roti canai will cost RM3.00 hahahaha!!!

You must not be T20, since you don't really understand how the T20 mind works

Remember your income 8k/mth is already T20. RM5k not significant? it's almost your monthly paycheck

You're talking about those having billions of ringgit, that's the T0.000001. Not everyone is Tun Daim

Except 4 zodiac, others best time 11am-1pm. Then all EPF members benefit together

It's working now URL also new
https://iakaun.kwsp.gov.my/portal/member/login

It has happened in early Feb before , my dear

if my memory didnt fail me.

Hi expert, if EPF declare dividend let's say at 1 March, the interest for the dividend would be calculated from 1 march onwards or start from 1 Jan. For example if dividend is 10k and dividend for this year is 6%, the interest for next year would be 6/100 x 10k or 6/100x 10/12 x 10k?

he is asking for next year he didn't know how to phrase it properly

guys, i put money in epf but still not reflecting after 4 working days. is this normal and expected?

HI to all sifu, for 2023 dividend calculation (starting date 1st jan 2023-31st dec 2023).

A case scenario :

Let say if i bank in the 100k voluntary contribution on Jan 2023,
another method is i bank in the 100k voluntary contribution on Dec 2023.
Will I entitled the same dividend amount for the year 2023?

Or they pro-rated according to the monthly contribution?

if both are the same dividend amount, means i can bank in during the last month of the year, and utilised the fund for other usage first.

Is it correct to say that ?

Tq

Deposit Jan 2023 : dividend Feb - Dec

Deposit Dec 2023 : dividend 1 day Dec 2023.  Full 2024

Meaning that it is almost daily counted for the dividend paid-out.
Am i right to think that?

Info sharing.

1. One of my FD matured on Jan 30
2. Until around 11:50pm on Jan 30 i only remembered i need to transfer the money to my EPF account
3. I used Maybank2u to make the transfer, and done the transfering at 11:57pm, Jan 30
4. On Feb 1, the payment appeared in my KWSP account, and the captured date was Jan 31

Extremely late but still on time

Last year, CEO made a detailed presentation on EPF performance during dividend announcement date. For sure the new CEO needs some time to prepare his speech…
Would not be surprised for mid-March announcement. Anything earlier will be bonus for us.

Hoping for a REAL surprise at 6.49%!

And the announcement by end of next week.

Happy mega dividend calculations to all.

6.88%  better. FAT! FAT! FAT!

Bro. FAT! FAT! FAT! Is 8.88%
🤩

Malaysia has the best retirement platform, called KWSP 

A few years ago, I had the liberty to talk to friends of mine from London on the same topic. It was said Malaysia has the very best retirement platform called Kumpulan Wang Simpanan Pekerja (KWSP).

Suffice it to say they were envious of such a system in place, notably in a developing country such as ours. Although people in the United Kingdom were paid handsomely in services and wages, they were forced to create their own retirement plans. Japan has a mandatory pension scheme, but the government increases their retirement age to 65 years old. It was said their salary cut was around 30% for the pension scheme. So on average, their monthly pension is 16,610 yen, or RM 530 per month.

https://jesseltontimes.com/2024/02/13/malay...rm-called-kwsp/

App or the website cannot do nomination? Has to be done at the EPF office?

Even you done online...

Final approvals only can be done at EPF office... And thumbprint vertification

Because I did the same...

So conclusion.... Better just go directly to EPF office & fill up form manually

yes, they need thumbprint verification, if not anyone can hack your account

if we reach age 55, can we do withdrawal via online / app / must go EPF office?