Wanita MCA has backed a Bar Council’s proposal that the Employees’ Provident Fund (EPF) Regulations be amended to ensure the spouse and children of a deceased contributor would still benefit even if they were not named as beneficiaries.

There have been cases of EPF members who named other beneficiaries prior to their marriage, thus leaving their spouses and children in a lurch when they die, said Wanita MCA chief Datuk Heng Seai Kie.

http://www.thestar.com.my/news/nation/2016...ciary-proposal/

Beneficiaries need to fill in form at th epf office right? Last time i check, cant do online

5.8-6%

anyone knows if i can use my EPF to settle my PTPTN loan if I didnt finished my study for that particular loan?

I found it is quite ridiculous to restrict such withdrawal while in fact you are earning money in your EPF but you cant settle your ptptn debt cause u didnt finished the study for that loan. I mean it is the same right? if i finished my study, then i am allowed to withdraw to settle it. geez.

for me as long as you have sufficient balance in ACC 2 and they are approving withdrawal for ptptn settlement, it should be quite straight forward.

But i didnt finished my study course that i took ptptn loan with. And they are asking for academic transcript right?

are u sure? how recently you made the withdrawal? because i have applied e-withdrawal through EPF website almost a year ago to fully settle my PTPTN debt. Then they rang me up and ask me to head to their office together with supporting documents including transcript. Then I told them I didnt finished my study and working in different area now, she straight away told me it cant be done and they will just reject my withdrawal request.

This is from EPF not PTPTN. PTPTN should have no issue to supply all the required documents. It is EPF that making fuss about it.

did u studied in one of the university in US, UK or Australia? I know uni from these countries are exempted from supplying the academic qualification to EPF.

it matters to some who can take out the money...
i'm sure there are retirees and also those with RM1mil and above balance already...

Account 2 withdrawal has terms and conditions....

some agents on FB seem to "have loopholes" in the terms to withdraw Account 2 "legally"

Later sure receive love letter 💌
Hahaha 😂

You better got solid evidence of the statement you posted....

Anyway...
Cannot really say it's ponzi.... Because EPF got some rules to follow... Minimum dividend in place, auditor etc

Well you don't have trust with EPF moving forward... Especially on their dividend rate performance....

Then just withdraw.... Wise or not...

Only time would tell...

But now... It's not really looking good....

50bil outflow from EPF confirm

I'm should be same rate for all...

But I expect it's would be lower...

Thanks to outflow of 50bil $$$....

Positive side...
Can stimulate the economy overall 🔥👌

CASA gets cash now... EPF need to wait up to 7 days.

Account 3 is for the financial illterate who only spend retirement monies (because they dont care about the dividend rate)

https://www.freemalaysiatoday.com/category/...ngs-instrument/

EPF as long term savings account 🔥