in case anyone is interested to know.

went to epf branch just now. They claimed it is due to the new system and they expect the withdrawal feature to be turned back on tomorrow. So tomorrow can do it online again. prophetjul, i thought there were coffee provided, but don't have. lol.

many people where there. Luckily the process to withdraw is still smooth and efficient once it was my turn.

yes, because they rely on dividends for their yearly spending.

many don't know about i-akaun & it's online withdrawals...

so each year, after dividend... everyone heads to EPF office to print out statements & does the withdrawals at the counter 

don't say old folks... young gen also don't know about i-akaun...
esp the statement parts because I seen it personally (when I visit EPF office for my nominations)... Saw many of them Young & Old want print EPF statements...

Better don't cos even educated professional got scammed as they r not seasoned mobile user. Merely use for communication. Previously my ex boss, a 60+ engineer don't even use online banking.

maybe he knows the security loopholes which is never plugged

i have read some reports that provide some broad data but does not fully explain it.

i haven't noticed any major complaint anywhere.

media reports highlighting "higher than last year" and "most members are satisfied" seems to have worked.

i doubt there'll be more details coming.

and, from the many comments here, i think there's an even split in 2 broad categories:

1. those who are dissatisfied, vows to withdraw to diversify to other avenues.

2. those who are satisfied, not interested in any new risk, high EPF loyalty.

at the end of the day, the impt thing is all of us have a choice - pick the one u like most!

SMS TAC can easily hack when they "replace" your SIM without your knowledge lo...don't even need to hack your dumb nokia.

1. I have see many withdraw and with sudden splash of free cash, either spent it, make wrong investment decision or fall into quick rich scheme.
So also must becareful. A year or two ago, my aunties invested into one unit trust that invested globally, me also think wise move as diversification as some forumers here.
The unit trust portfolio consist of microsoft and Nvidia also, until now, still losing about 5%, last year even worst nearly -25%. Even though the unit trust has Nvidia in its 5 top portolio, but unit trust has a mandate to diversify its portfolio, cannot be investing all its fund into one stock.
The Nvidia performance alone pull up the unit trust from -25% to -5% while drag down by others.

Many said US market new high, should make profit, but actual, Nasdaq, S&P new high are pulled up by magnificent Nvidia and Microsoft, other stocks actually so so only, Russelll 2000 only gain less than 5% this year. While Nvidia alone shoot up from 100+ to 850 now.

So look back 2 years, for her, may be she better off by putting the money in EPF.
2 year EPF +11%, her unit trust -5%.
 
We do not know when next stock market crash or any crisis happen. But we know when we will retire.
So EPF is still an important to have, I agree with diversification, but EPF still is an important role in retirement planning.

After wishness how FTX fall, Credit Suisee ATI bond default, and a little far behind, Lehman, I realised we should not take for granted investment is easy.

if u r not so young, spent it happily, have a great time, ok la.... money is meant to be spent, not to take to the grave!

kena scammed is the worst...


ya, UT sucks big time.

good only for first timers patronizing a fren seller.

UT shud not exist anymore with ETFs now in existence.

And now with EPF dividend 5.5%, Unit Trust agent will showcase their story like "Low EPF Dividend and how UT can achieve at least 8%"

i am making profit now after switching funds few months back. But god knows how much I have lost previously

wah piang! don't lah. already made a hefty loss from the old fund, now seeing some lights in the tunnel, hope it can sustain. waiting the right time to take profit

2025 dividend news...

Voluntary contribution in 2024 decrease drastically from the previous 2023 by almost 60%  😁

EPF AUM also reduced & it went below 1 trillion in recent years...

About the i-saraan...
It's max only rm300... So even you go dump 20k... You get rm300. That the rule...

60k or 100k limit... It's purely our $$$ only....
Even you hit 100k... Your balance for the year would be 100,300 MYR 😁

And be reminded... That rm300... No dividend for it... Only whatever you contribute / employers are counted....

Yeah... New one is rm500

But not credited yet....  Around September onward...

It's last year one I'm talking about...

Hmmm...

How I see they deduct the rm300 from the calculation?? 🧐🤔

In the new i-akaun...
They don't include that rm300..

It's written 0.00

UT Agent knows blow water only.
it takes how long to get that 8%?
after u sign up, they deduct comm, admin fees, this fee that fee first.
then first year u can't even earn back that f**king the principle u invested coz of that - comm n fees.
then second year also same as first year nowmally. u rugi one.
need wait 3 years + then maybe u earn back your principle only. no untung. if untung also not as much as EPF dividend.
this i talk from experience. 5 years also tak untung a shit. this is before MCO lockdown.

then also before MCO went PBB bank, this girl keep asking us invest in their bond.
Keep say they will never touch your principle. rugi also they will return u back your principle.
exaple u invest RM10k. end of the day if rugi, they also return u RM10k, guarantee.
so i give it a try. after 3 years i go check my account, mother f**ker not only i can't get back my RM10k.
It give me back RM9.5k.
I ask that girl who promote me this shit, she also can't answer me.
u say can get back that RM10k??? why now RM9.5k?
she only reply me "i also dunno".

story of the day, don't say EPF, FD also better return than UT.

Are you referring to this? the availability of either I-saraan or contribution?

Hi all,

my dividends against the 2023 balance is lesser than it supposed to be.

Anyone else facing the same? I’ve a friend with the same issue too.

41 years old...

Dividend got RM 12 K...

Am I pity or not??

I wish i did record.
then last week i went to the bank, while waiting I saw her hard sell this same shit to another customer.
"Guarantee return one" etc. .......
In my mind, this lady "scam people" again.