Stock market so good in malaysia and all over the world. Should be better than last year. 6.5% ?
EPF DIVIDEND, EPF
|
|
 Jan 6 2014, 10:17 PM
Return to original view | Post
#1
|
 
Senior Member
1,864 posts Joined: Apr 2011 
|
|
Quote|
|
Jan 15 2014, 08:21 AM
Return to original view | Post
#2
|
|
Senior Member
1,864 posts Joined: Apr 2011
|
QUOTE(gyver @ Jan 14 2014, 11:01 AM) I don't think so. Malaysia is different, didn't you know? Thanks for the link. But I am confused. The recent cap of RM196,800 announcement is it mean that at age 55, I must keep RM196,800 in EPF and cannot take out ? Or is it means for withdrawal of A/c 1 to invest in Unit Trust, the calculation is based on RM196,800 ? And when I reach 55 y/o I still can withdraw all amount and close EPF a/c ?The government is even trying to withold monies... read it here: http://www.iklanlahpercuma.com/2013/12/30/...anan-asas-2014/  |
|
|
Jan 15 2014, 10:40 AM
Return to original view | Post
#3
|
|
Senior Member
1,864 posts Joined: Apr 2011
|
QUOTE(yklooi @ Jan 15 2014, 09:07 AM) yes, Calculation based on RM 196.800 at age 55, if younger....lower rate, (ex, RM 27 000 for age 30) and yes. (until further notice)... That is what I understand. The new rule is to revise the amount eligible to withdraw to invest in Unit Trust  Purpose: This withdrawal allows you to withdraw part of your savings in Account 1 for investments to increase your retirement fund to support your life after retirement. You are allowed to invest not more than 20% of the total amount in excess of your Basic Savings in Account 1 through the Appointed Fund Management Institutes approved by the Ministry of Finance. Basic Savings: With regards to the second statement from the Purpose section, Basic Savings is defined as; "A pre-determined savings amount in your Account 1 according to your age to enable you to achieve a minimum savings amount of RM196,800.00 when you are 55 years old. The savings cannot be withdrawn until you are 55 years old." But in the linked article, it seems to say that the new rule require us at age 55, we must keep RM196,800 in the EPF a/c and cannot withdraw all monies  Thanks for the confirmation  |
| Change to: |  0.0463sec
 0.19
 7 queries
 GZIP Disabled
Time is now: 2nd December 2025 - 05:39 AM |
All Rights Reserved © 2002- 2025 Vijandren Ramadass (~unite against racism~)
Powered by Invision Power Board © 2025 IPS, Inc.