EPF DIVIDEND, EPF
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 Jan 14 2014, 11:01 AM
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#1
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Senior Member
1,067 posts Joined: Mar 2005 
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QUOTE(EddyLB @ Jan 6 2014, 10:17 PM) Stock market so good in malaysia and all over the world. Should be better than last year. 6.5% ? I don't think so. Malaysia is different, didn't you know? The government is even trying to withold monies... read it here: http://www.iklanlahpercuma.com/2013/12/30/...anan-asas-2014/ |
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Jan 15 2014, 12:13 PM
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#2
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Senior Member
1,067 posts Joined: Mar 2005
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QUOTE(EddyLB @ Jan 15 2014, 10:40 AM) That is what I understand. The new rule is to revise the amount eligible to withdraw to invest in Unit Trust Basically the move is just to discourage the withdrawal of EPF for anything, especially unit trust investment. The calculation table is just a guide for EPF officers to deny your claim to withdraw, if you don't have sufficient funds that is. Most blue collar and fresh grad white collar yuppies don't have that much to begin with.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  The reason why this is being done is up to speculation. But imho, there isn't enough funds if everyone withdraws. But not to run off topic. The EPF dividend rate should be not too high but not too low either. If it is too low, majority of people sure wanna withdraw and invest to unit trust or mutual funds. |
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