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 EPF DIVIDEND, EPF

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Intimidated
post Mar 30 2020, 07:35 AM


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Junior Member
499 posts

Joined: Dec 2007
QUOTE(CRaider2 @ Mar 30 2020, 02:00 AM)
I just read the stimulus plan takes 50b from EPF. That means less money earning money for us right? Meaning the 50b is not generating profit for members and later reduced interest payout. Please comment.
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Where did you read that?

From what I understand, only about 10% of the stimulus package is direct injection, while the rest are relief measures, which include allowing people to withdraw from their EPF account 2. That’s probably what the MYR 50bn is referring to
Intimidated
post Mar 30 2020, 04:54 PM


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Junior Member
499 posts

Joined: Dec 2007
QUOTE(CRaider2 @ Mar 30 2020, 04:29 PM)
cant find original article but this mentions something similar https://www.thestar.com.my/business/busines...smes-marc-urges. even for withdrawal I doubt epf has that much cash for immediate withdrawal unless they have been sitting on piles of cash, which in turn is earning less. anyway my point is this seems like short term fix but has long term ramifications. Govt should not touch epf money at all. Giving you money now, pay less dividend in future and seems unfair for those that do not withdraw.
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Since when life is fair biggrin.gif sure, complain about it, but it’s not going to change the fact that the government is implementing it, and some people’s short term survival depends on it. I don’t think anyone here works for EPF and has full access to its financial standing, so speculating if it has that much cash to dispense is moot.

What else we can do about it then? Here are some of my suggestions:

We can shrug and take it as a bad investment year, and just keep earning salary contributing to it. Or we can withdraw it and put into other investment (eg: share market, unit trusts) and hope they return better. biggrin.gif

 

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