typically for free gift when you "self contribute" at their booths

https://www.google.com/amp/s/www.bharian.co...ulai-11-mei-ini

Bad news everyone...

$$$ in account 1 & 2 stay status quo

Account 3 start from zero...

Contribution 11 may 2024 onward split into 3 part

I scare they average down the dividend only! They can maintain the same for all 3 accounts but give lower dividend.

Dividends will remain the same across all three accounts. However, this could change in the future as liquid assets ― by default ― do not attract higher interest rates or dividends, he explained.

If you're referring to my, I'm merely saying that the introduction of Account 3 is on its own unlikely to cause a reduction in the OVERALL dividend. If anything, I reckon there might be a slight positive improvement in dividend yield.

Now, of course if they're going to segmentise the dividend by Acc 1/2 /3 (meaning which, create separate funds for Acc 1/2/3), then logically Acc 3's dividend will be significantly lower, and Acc 1/2 would see a higher dividend. This is basic common sense and driven by the fact that shorter term investments have lower returns than longer term investments. Likewise, longer term investments can command some liquidity premium that can enhance long term returns. As the bulk of the liquidity needs for Acc 1/2 are transferred to Acc 3, meaning which Acc 1/2 can be invested for the longer term, and command better returns, as Acc 1/2 would not need to require excess cash lying around as much as they do now.

Not exactly a no brainer. For getting 10/30 to account 3, u need to have 5/30 locked in account 1. So u will have overall allowable withdrawal reduced to the new ratio.
So its between having 10/30 of your acc 2 now, and less 5/30 of your account 2 stucked untill retirement (55).

If u have no plans to withdraw any money at all, u wont be affected, so no need to opt in.

If u plan to use full amount of your acc 2 some time before retirement, u shouldnt opt in or lose 5/30 of the amount locked in account 1.

If u need the 10/30 now, without any restriction to withdraw, and ok with 5/30 of your account 2 locked in account 1, then go ahead.

soon it will be feature in the App when the paperwork piles up... that's how short sighted these people are.

The govt think most Rakyat are poor and won't transfer it to Account1/2 from Account 3

Unker bought a PJ house almost 30 years ago for RM40k. Already 30x...Young fella running the numbers will never understand inflation like old fella

Agree, so many people use $$$ to define worth, and if you cannot put a value on that, it's worthless.

I too settled my house loan in 3 years, so nice without a debt of 35 years on your shoulder asking you to pay up every month until you are 60++.

Decisions decisions.

I'm thinking either to shift to usd and invest in us etf

Or option 2 buy ocbc bank stock.

Regardless it's better than keeping it in myr

LOL like I said while I respect what you are doing for your money you need to learn respecting how I chose to invest mine

I am aware of the risks but I am less worried compared to holding foreign currency and I do not think flood is coming, though I had never stopped anyone here believing that

The bolded sentense is what I said, do your own thing that you think is best for you, don't have to keep saying others are wrong

seriously, you can google it anywhere to read
yes, default to EVERYONE

not default to everyone 

There was a forummer that provided many info and answer to queries in lyn fbih forums years ago.
He stopped lurking here but started his own yt channel

https://www.google.com/search?q=financial+f...mobile&ie=UTF-8

So EPF is no longer the sacred retirement savings... RIP RIP

I kinda hope EPF learns from Singapore's CPF and not let people withdraw one shot upon reaching 65, but now they even let people withdraw for fun before reaching that age.

Account 3 is straight up disgusting

singapore system is to create a society that everyone as equal as possible, take care basic needs for all
if you want more, work harder to find other loop holes, no easy ride from cpf

inb4 acc3 can be manipulated as UBI

They wanted more from acct 2 but there is capped if your acct 2 is less than 3k where you entitled max 1k only. Well that what most of them going for. Meaning in total their overalls are low unless they just withdraw them for housing recently...

I went to kwsp recently and saw the crazy ques and the ridiculous inquiries when many just showing their app balance and checking their funds.... and talking about what they going to shop after the withdrawal... thought I heard new phone....

Though it does not affect me, what is done now will shape the nation that we all live in.

There will be one day in future that you will smile seeing all your hardship in savings while those splurging yolo now regret for not planning enough.

Keep on doing what u think is right and I do have the same mindset as you.

I don't work to get money. I want to work so that one day my money will work for me.

sorry i did not know it is ipong 15 pro meks baru with titanium biru
and with 1 TB kapasiti storan
tambah lagi Apple Care
aksesori - mag saf casing + mag safe charger + power adapter
jangan lupa AirPods Pro 2nd gen lagi pakai kat telinga
total bill 11k++ tapi ansuran bulanan 400++ saja sebulan untuk 24 bulan!!

Oh wow. 11K rm for a phone? Dang. Then again, if that fella can afford to that kind of spending, like his income is like 100K pm, sure.

I just gotten myself a second hand P30 Pro for 700rm. It loads kwsp app as fast as my friend's iPhone 14.haha.
I waited 2 days for my epf div to accumulate above 700rm before buying. Funny rite?