EPF DIVIDEND, EPF
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 May 31 2020, 01:17 PM
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#1
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Junior Member
121 posts Joined: Apr 2020 
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Recently my epf contribution have been reduced to 7%. I went to KWSP to increase it back to 11%. Now i am contemplating to increase it to the max as epf interest rate is decent and guaranteed. Should i do it?
This post has been edited by ChenHo123: May 31 2020, 01:49 PM |
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May 31 2020, 10:19 PM
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#2
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Junior Member
121 posts Joined: Apr 2020
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QUOTE(victorian @ May 31 2020, 10:01 PM) I'll never dump more than required into my EPF account. Reason? It is extremely illiquid. You have a point. But EPF currently gives out interest rate between 5.5%-8% the the past 10 years. Considering capital is Guaranteed (Super save risk), its hard to find alternate investment which can beat it.What use is the guaranteed 2.5% interest rate if you can't use it? Its your own money but you do not have access to it? Experts suggest the average people to not touch their EPF money, because average people will buy liabilities instead of assets. Are you average? If yes then invest in EPF.  |
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