These are certificates for the gold bullions sold by UOB. 

Sir ...you already exposed your age 😅.

Everything done by PMX nowadays is to appease and hope to win votes.
Preparing the ground for a bleak future for the younger ones.

Same thinking
Good suggestion. But why won't you have emergency fund that you need to suddenly touch epf 3. Unless you have certain needs suddenly from the new epf acc structure.

I'll only do so if my account has like 5 mil like prophet Jul. Most of us if take out, it's not even 10k usd which is easily saved if you really want 10k usd suddenly.

This Sg has it right. 37% is amazing. We only have 11% from employee and 12/13% from employer (13% if you're under a certain salary amount). So total is 22%/23%. We don't have a cap.

Some good companies give 16% 18% one of the perks working with them.

This feels rather low? SGD8k in 2026 is not much to shout about.

Prophetjul’s RM5m in EPF is a dream for you while your SGD 3 mil bond is a dream for him 🤭 And I'm just here reading to flexing story. But it's an inspiration to me 🙏🏻.

Overall, I still think - currency strength with lower return > retirement fund return with higher return

Actually i was lucky and blessed in my career.
Normally, an engineer in Malaysia does not achieve too much financial success as an employee.
i joined an MNC as a manager and was promoted very fast to GM in my early 30s. They practiced MERITOCRACY. 
That's why my EPF grew much faster than the normal employee. 
Otherwise, there is no way i could afford overseas schooling for my children. No way.
Of course i was blessed in my investments too. 

What is the reason to put in such a low cap?
This will mean that the employers also has to contribute less. Is Singapore's cost of labour getting too expensive?

Good for me, i suppose. Since i own so many Singapore companies. 
Especially those lovely banks!

EPF is also created for retirement. However, if EPF was to have capped my contribution at 8k years back, i would have found it rather difficult to retire now. Now think of those who are less blessed than me!  They would have to continue to work till 100 years old.
IF the exchange rate of RM to SGD remained at 1, maybe we could cap.
Now as it is, even RM5 million is not so much. Better than most, but it's only SGD 1.4 million.

Because he has too much money

Ok. Just as I thought so. Ok. You can still have more funds to invest on other platform. I think Singapore system is just to ensure you have sufficient for retirement. Not to live a t20 retirement life.

What if I have two jobs. Both pay me 8k sgd. Will cpf know and ask the company to calculate accordingly?

Normal contribution.
Never contributed extra. Not even sure if they allowed that in the 1980s! 
well, imagine earning RM10k at 30 in 1992. AND having 4 to 5 months bonus on top annually.    growing at 5% per annum. 

I prefer to walk the middle path. Balanced portfolio. Diversify is the key. Keeping all eggs in one basket is risky no matter how good that basket might looks. Always multiple eggs in multiple basket. I am just kiasi and kiasu unker. Lol.

To be fair, Epf is rather a balanced portfolio in itself. Its 50% bonds, 40% equities and properties and 10% cash roughly. 30% of the total portfolio is foreign (mostly in the equities and properties).

This portfolio mix is conservative, in fact too conservative for younger people.

Its not bad for older folks (like me!). And it's capital protected and guaranteed min returns is a big advantage. But I also do diversify further in my DIY portfolio. Having a higher % of foreign assets and also commoditrs exposure that EPF doesn have

7 yrs finished. What a coincidence.
"Since 2015 to OCT22", that is also 7 yrs.
Oct22, was just 2 months before their fiat invested money were replaced with coins at 1 usd for each coin. Current coin price is about 0.022 usd each.

I just hoped no retirees used their EPF money to try grow their money through any of that kind of investments.
Else they may end up as another statistics in "A fool and his money are soon separated".

now we can all sleep well knowing the numbers
dont think this round impact much la
semua orang ada kerja
no more MCO
only cost of living goes up saja

hmm, but 1.5mil with 5% return is 75k not 96k.

edited : poweredbydiscuz explained it.
I based my EPF % and FD % similar. I always calculate the worst and treat any extra as bonus. For EPF+FD, i average them to be 3% alltho EPF is around 5% and FD is > 3.5% now. Let's say if i want to have 15k interest per month, i calculate EPF+FD return as 3%, so i will aim to have 6mil. I am doing things like this since i was in secondary school.

Nowadays i can't eat as much as before, me and wife ordered a fried fish + meats + vege, most of the time having problems to finish all, and those meal are usually less than rm 100. Most of the time we only eat rm 20-30, not we purposely saving money, but i noticed i eat lesser nowadays. I love to eat crab, not long ago i ordered a crab costed rm 200 for myself, i used to want 2 crabs only felt satisfied, but this time i ate one and i felt it is enough and i don't think i will eat again in a short time.