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 EPF DIVIDEND, EPF

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farizmalek
post Apr 27 2020, 10:45 AM

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Try diversify your EPF to unit teras
farizmalek
post May 2 2020, 12:21 AM

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how long the money will be in our account if we withdraw from EPF online?
farizmalek
post May 2 2020, 06:18 AM

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QUOTE(yklooi @ May 2 2020, 12:26 AM)
if I am not mistaken,...I read before here......we cannot do withdrawal online....
withdrawal has to be done face to face in the EPF office
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Fpr MCO yes can draw online from the web provided we have registered before with KWSP at the counter.

If let say we have more that a million saving in EPF, we go to the counter and wiothdraw, how long it will be on our bank? I heard EPF cannot give cheque or cash at the counter.
farizmalek
post May 2 2020, 03:40 PM

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QUOTE(prophetjul @ May 2 2020, 01:18 PM)
2 to 3 working days. Very fast.
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roger. thank you.. i just check online that we can also withdraw online and transfer to our bank for amount more than 1 million.
farizmalek
post May 3 2020, 10:29 AM

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QUOTE(prophetjul @ May 3 2020, 10:22 AM)
You can withdraw online?  That's new to me.  thumbsup.gif
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only for amount more than a million and have registered for online account at epf counter

user posted image
farizmalek
post May 3 2020, 02:51 PM

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QUOTE(prophetjul @ May 3 2020, 10:42 AM)
You mean only for balance more than Rm1 million?

Thanks!  thumbsup.gif
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yes...

You can take out from EPF on the following conditions:-

1. 55y

2. 50y. 1/3 can take out

3. Migrate to another country

4. Medical disable. Cannot work

5. Housing loan/downpayment/to finish loan

6. Retirement from government. (if taking EPF and not pension scheme)

7. Amount more than one million. Anytime can withdraw. but 1 million cannot withdraw. Let say u have 1.1 mill, only 100K can withdraw anytime if you want.
farizmalek
post May 3 2020, 03:49 PM

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QUOTE(MakNok @ May 3 2020, 03:43 PM)
So..
E-pengeluaran for withdraw online amount more than one million...
If withdraw over counter application....can withdraw 1.1 million...right?
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1 million cannot withdraw online or at the kaunter unless you reach 55y
farizmalek
post May 3 2020, 06:31 PM

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QUOTE(afif737 @ May 3 2020, 06:16 PM)
If i'm not mistaken, with 1.1mil you can only take out 50k. You need to have 1.05mil in your account.

edit : oops looking at the pic, i guess i was wrong.
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now only i million... EPF revised.

My advise if don't need, just keep it, your contribution per month and compounded dividen will increase the amount when reach 55y. Unless no choice...
farizmalek
post May 3 2020, 06:31 PM

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QUOTE(MakNok @ May 3 2020, 04:34 PM)
Ok more question..
Any benefit if I leave a small amount there like 1k?

Death benefit....etc?
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dunno la bang.. Need to call and check with them
farizmalek
post May 3 2020, 08:34 PM

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QUOTE(afif737 @ May 3 2020, 07:05 PM)
I have posted a few replies in other threads that I do not touch my EPF money, not a single sen, ever. I'm a strong believer in that actually haha.
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yup. I dont even withdraw to unit teras

farizmalek
post May 4 2020, 06:48 AM

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QUOTE(leo_kiatez @ May 3 2020, 10:10 PM)
How is EPF dividend calculation? Dividend is compounded monthly or daily?
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I dunno. Never take out the money. I guess annually compounded..
farizmalek
post May 4 2020, 06:49 AM

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QUOTE(romuluz777 @ May 4 2020, 01:54 AM)
For No.7, is this option in the drop-down menu of e-Pengeluaran menu of the i-akaun only available to EPF members with sufficient balance (i.e RM 1 juta and above) ?
I mean, those who hv lesser balance will not be able to see this option in the drop-down menu when selecting New Application ?
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yes, the system automatically programmed in such a way the function/facility to withdraw will be appeared once the amount is more than a million.
farizmalek
post May 4 2020, 03:30 PM

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QUOTE(lyc1982 @ May 4 2020, 11:52 AM)
congrats on being a millionaire !
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Thank you....
farizmalek
post May 4 2020, 03:55 PM

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QUOTE(lyc1982 @ May 4 2020, 11:52 AM)
congrats on being a millionaire !
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Working as a seaman, this amount is normal due to salary unless we take out the money from EPF for house and education.
farizmalek
post May 4 2020, 04:00 PM

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QUOTE(lyc1982 @ May 4 2020, 11:52 AM)
congrats on being a millionaire !
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https://forum.lowyat.net/index.php?showtopi...post&p=96431817
farizmalek
post May 6 2020, 02:58 PM

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QUOTE(prophetjul @ May 6 2020, 12:01 PM)
Rm 1 mil?  Its nothing nowadays
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https://forum.lowyat.net/index.php?showtopi...post&p=96431817

Any question?
farizmalek
post May 6 2020, 02:59 PM

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QUOTE(romuluz777 @ May 6 2020, 12:13 PM)
True, RM 1M in the EPF is nothing. By late-30s you should already reach this level if makan gaji.
That is assuming you dont withdraw from it for anything (i.e housing, education, healthcare etc)
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https://forum.lowyat.net/index.php?showtopi...post&p=96431817

Any question?
farizmalek
post May 6 2020, 03:26 PM

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QUOTE(jyll92 @ May 6 2020, 03:23 PM)
user posted image

guys this is a simple projection of  what my epf account will look like after 20 years. u guys can see. getting 1 million is easy as a cake
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yes that is why need to divesify.

https://forum.lowyat.net/index.php?showtopi...post&p=96431817

This post has been edited by farizmalek: May 6 2020, 03:49 PM
farizmalek
post May 6 2020, 03:42 PM

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https://www.thestar.com.my/business/busines...fford-to-retire
farizmalek
post May 6 2020, 03:48 PM

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https://www.malaysiakini.com/news/516501

https://www.malaymail.com/news/malaysia/202...onomist/1849368

https://www.theedgemarkets.com/article/long...rement-planning

https://www.theedgemarkets.com/article/epf-...-current-crisis

https://www.kwsp.gov.my/-/epf-sets-rm228-00...vings-at-age-55

https://www.beyondinsights.net/malaysians-w...e-enough-money/

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