”Lowest EPF dividend since 2008 - 5.45% for conventional savings, 5% for syariah”

https://www.thestar.com.my/news/nation/2020...e-5-for-syariah

I regret converting to shariah last time, just started working & kinda 'forced' by parents. The compouding effect from the difference will be huge. Have to find extra ways to invest now.

  you end up paying less income tax
  the money you saved in the EPF thru yr employer are tax free,
if you do your own self contribution...you money are taxed before you do the self contribution...

some did it not for with the tax relief in mind but to have a place to try to grow their money better than FD
(with min 2.5% with EPF,,,,,,,with the current global economic challenges,....the FD rates are forecasted to be getting lower and lower.....)

I wish the govt would raise the $60K annual limit for self-cuntribution, up to $100K at least would be nice.

Most of the retirees that has little in epf may have started their working lifes at a much lower pay value than yours... Lower pay lower epf value contributed

Just example, in 1980, the pay of a production operator in a factory starts from RM180 pm

Malaysia gg. Even own state own go overseas to invest.  Dai la our economy like this

Based on the statement in the app, losing 8%. Switching will incur additional cost therefore I’m contemplating what to do with it. Any expert here to advise?

Principal DALI Equity Growth Fund