FD rate now so terribly low.
For age 60 + is it possible to deposit max 60k one shot into EPF for better returns?
EPF DIVIDEND, EPF
|
|
 May 24 2020, 08:06 AM
Return to original view | Post
#1
|
 
Junior Member
391 posts Joined: Feb 2020 
|
|
Quote|
|
|
|
|
May 25 2020, 07:34 PM
Return to original view | Post
#2
|
|
Junior Member
391 posts Joined: Feb 2020
|
QUOTE(lyc1982 @ May 24 2020, 02:10 PM) looking at current situation...loan rate, FD rate all going down That quota thingy for 60k. What if I put 60k now in may this year , next year Jan 2021 I still can enjoy refresh 60k quota am I right?i maxed out my 60k self contribution in epf already zero FD  Or have to do it in may 2021? |
|
|
May 26 2020, 08:57 AM
Return to original view | Post
#3
|
|
Junior Member
391 posts Joined: Feb 2020
|
QUOTE(Unkerpanjang @ May 25 2020, 08:00 PM) It's based on calender year n earn monthly interest. Go confirm with kwsp...so, next year earliest topup 4 Jan 2021 (Mon) QUOTE(lyc1982 @ May 25 2020, 10:09 PM) i think it's by year... not by 12 months QUOTE(Salary @ May 25 2020, 10:24 PM) Yes, it’s by year, not 12-month rolling period. I see. Thank you for sharing . |
|
|
Aug 30 2020, 08:32 AM
Return to original view | Post
#4
|
|
Junior Member
391 posts Joined: Feb 2020
|
Have some question.
When I bank in RM60k to EPF on 1-9-2020, how does the prorate works out? Do I get 4 months of dividends? What about I bank in to EPF on let say 15/16-9-2020, dividend still exactly 4 months? |
|
|
Aug 30 2020, 09:18 AM
Return to original view | Post
#5
|
|
Junior Member
391 posts Joined: Feb 2020
|
QUOTE(MUM @ Aug 30 2020, 08:41 AM) while waiting for responses, you can try these previous postings,...hope those info are still there. MUM thank you for sharing.EPF dividend calculation.... page 133, post 2654, by Orangutan https://forum.lowyat.net/topic/2705461/+2640 EPF dividend is based on 1 day of the month + ..... page 14, post 277 & 279, 280, 282, 283..... https://forum.lowyat.net/topic/4745820/+260 post 4072, page 204 by believe ...confirmed it... https://forum.lowyat.net/topic/2705461/+4060#entry95545562 How to Calculate EPF Dividend? https://1-million-dollar-blog.com/how-to-ca...e-epf-dividend/ I read through the previous posts that irregardlesa of September month I contribute still I'll get one day dividend for that month. Moving forward October, November , December , January 2021 onwards will I get full dividend? Which means OCT20-DEC20 will based on dividend declaration in 2021 February? While JAN21-DEC21 will based on 2022 February dividend declaration? |
|
|
Aug 31 2020, 07:43 AM
Return to original view | Post
#6
|
|
Junior Member
391 posts Joined: Feb 2020
|
QUOTE(MUM @ Aug 30 2020, 09:24 AM) on this "...... irregardlesa of September month I contribute still I'll get one day dividend for that month." You mean if I transfer into EPF on 1st of September I will entitled for full month dividend?i think what you think is not right....cannot be irreagrdless, for what if you put in on the 1st of the month? i maybe wrong, for i did not completely read those,.... thus please read again? on this "Which means OCT20-DEC20 will based on dividend declaration in 2021 February? While JAN21-DEC21 will based on 2022 February dividend declaration?" :thumbsup: |
|
|
|
|
|
Aug 31 2020, 09:53 AM
Return to original view | Post
#7
|
|
Junior Member
391 posts Joined: Feb 2020
|
QUOTE(MGM @ Aug 31 2020, 09:19 AM) Different modes of deposit take different days to credit into your epf account. I always make sure amount is credited b4 the 1st of next month so that my dividend will starts next month. I normally do it via m2u and it takes 1 or 2 working days. FD due in September. Otherwise would do as what you recommend |
|
|
Aug 31 2020, 04:23 PM
Return to original view | Post
#8
|
|
Junior Member
391 posts Joined: Feb 2020
|
QUOTE(cute_boboi @ Aug 31 2020, 03:33 PM) No one can give definite answer your question. If deposit on 1-Sep and the system cleared into EPF by 2-Sep or 3-Sep, there is a chance it will record Sep as one full month. Otherwise, if EPF logged as by Oct, then you get nothing for whole month of Sep. No one knows the answer until you do it and wait till early October. I don't understand about the transfer in September month assuming on the 1/9/20, how does it logged as October ? It's a system slow updating from EPF? First time hearing this. |
|
|
Jun 7 2021, 06:36 PM
Return to original view | Post
#9
|
|
Junior Member
391 posts Joined: Feb 2020
|
Hi guys
I had applied i sinar and it said will take a period of 6 months to disburse the money. My question is how they recalculate dividend for coming year? Will i forfeit few months dividend? Detailed explanation is appreciated thx |
|
|
Sep 21 2021, 01:34 PM
Return to original view | Post
#10
|
|
Junior Member
391 posts Joined: Feb 2020
|
Received circulation of this in social media, just to confirm with all is that true?
If ONE (1) of your Nominees in the EPF Nominees list dies, automatically the whole arrangement (EPF Nominees list) is VOID .. Meaning if, you only put in One (1) name & unfortunately he/she dies before you - automatically EPF will channel your EPF money to trustee of AMANAH RAYA upon your death. |
|
|
Dec 10 2021, 08:43 AM
Return to original view | Post
#11
|
|
Junior Member
391 posts Joined: Feb 2020
|
Why they still deposit in epf as they only give dividend to max rm1m. What happens to the other rm9m? Weird
|
|
|
Dec 10 2021, 08:58 AM
Return to original view | Post
#12
|
|
Junior Member
391 posts Joined: Feb 2020
|
QUOTE(MUM @ Dec 10 2021, 08:44 AM) mind sharing the source that mentioned dividend is only calculated & given based on max of 1 million in EPF? Probably i read wrongly. TheEquatorian and MUM liked this post
|
| Change to: |  0.0503sec
 0.38
 7 queries
 GZIP Disabled
Time is now: 9th December 2025 - 08:34 PM |
All Rights Reserved © 2002- 2025 Vijandren Ramadass (~unite against racism~)
Powered by Invision Power Board © 2025 IPS, Inc.