Havoc Knightmare

Thank you very much for sharing your opinions.


Please do not be discouraged from the criticisms by others. Everyone is entitled to his or her opinion. Sometimes, we just have to agree to disagree.


Surely, we want EPF dividend to be as high as possible. Then again, if we suspect that EPF dividend may not as high as before, we should have sought higher return, by managing our fund ourselves in riskier investment. As Havoc Knightmare said before, it is better to take charge of what we can control, rather than complaining about what we cannot control.


Sorry, off topic a bit. Recently, you start to reinvest in KLSE as mentioned in your post, right?


This post has been edited by kart: Jan 30 2020, 06:46 PM

backspace66

Can you recommend the EPF-MIS funds you invested in?

Thanks.

Till now, EPF has not announced the proper procedure (such as correct application form), for those employees who wish to maintain the minimum statutory contribution rate for employees at eleven (11) per cent, from January 2021 to December 2021, right?


Thanks a lot, backspace66.

This post has been edited by kart: Nov 10 2020, 11:26 AM

Quoted from EPF Press Statement in the link given by GrumpyNooby:

https://www.theedgemarkets.com/article/epf-...ligible-members

Moreover, the other EPF members that are not eligible for the facility will also be affected, given that the facility, which requires an allocation of another RM11 billion to RM15 billion, will reduce the pool of money the fund has for investment and therefore affect future dividend payouts.

This post has been edited by kart: Nov 17 2020, 08:49 AM

Frequently Asked Questions does not state a convenient option for those EPF members who do not want to have Akaun Fleksibel (Account 3).


How frequent do we have to submit the physical “Borang Pindahan Simpanan Ke Akaun Persaraan/ Akaun Sejahtera”? Once a month?


For me, I would prefer my Akaun Fleksibel to have zero amount permanently.


As such, my preferred EPF contributions will be credited according to the ratio of 75:25:0, where 75% will go into Akaun Persaraan, 25% into Akaun Sejahtera, and 0% into Akaun Fleksibel.

I do respect the choice of some EPF members who like the flexibility of withdrawing money from Akaun Fleksibel (Account 3). Their money, their choice.

Then again, not all EPF members would need to withdraw money from Akaun Fleksibel (Account 3).


Ratio to be implemented by EPF on 11 May 2024 : 75% will go into Akaun Persaraan, 15% into Akaun Sejahtera, and 10% into Akaun Fleksibel.

Preferred Ratio for those who do not need flexibility: 75% will go into Akaun Persaraan, 25% into Akaun Sejahtera, and 0% into Akaun Fleksibel.


The preferred ratio is just a slight tweak from the ratio to be implemented by EPF, and is almost similar to the previous ratio of 70%:30%.


How is it practical for those who do not need flexibility, to keep on submitting the physical “Borang Pindahan Simpanan Ke Akaun Persaraan/ Akaun Sejahtera” on a regular basis, to EPF? Imagine the extra workload to be handled by EPF on this matter.

This post has been edited by kart: Apr 26 2024, 04:35 PM

This article was posted here in May.

As we are approaching the end of July, why can't we perform the recurring transfer from Account 3 to Account 2 yet?

Or, is EPF still expecting those who do not need flexibility of withdrawing money from Akaun Fleksibel (Account 3), to keep on submitting the physical “Borang Pindahan Simpanan Ke Akaun Persaraan/ Akaun Sejahtera” on a regular basis, to EPF? Imagine the extra workload to be handled by EPF on this matter.

This post has been edited by kart: Jul 16 2024, 08:09 PM

I am one of the few EPF members who transfer the funds from Account 3 to Account 2, by submitting physical ‘Savings Transfer To Akaun Persaraan/ Akaun Sejahtera Form (KWSP 12)' form at a EPF branch.


Has EPF ever issued the statistics of the amount of the fund transferred from Account 3, to Account 2 or Account 1?


Till now, we still cannot perform the recurring transfer from Account 3 to Account 2 or Account 1 yet.


For that, the best advice given by EPF is that the interested EPF members should submit physical ‘Savings Transfer To Akaun Persaraan/ Akaun Sejahtera Form (KWSP 12)' form at any EPF branch, every month. It is disappointing, to say the least.

This post has been edited by kart: Aug 31 2024, 09:01 AM

For my case, T + 2 days.

Yes, you can use the same form to transfer fund from Account 3, to Account 1.


I agree with nexona88, that it is a pre-emptive action, in the event that the dividend rate for Account 3 is lower next year.


For me, the second reason of my fund transfer from Account 3 to Account 2 is to prevent myself from withdrawing the fund from Account 3 in order to satisfy instant gratification and pay for unnecessary spending, such as buying new handphone, or going for expensive vacation.


I am considering the fund in Account 3 is also forced savings strictly intended to be used after retirement. As such, I am forcing myself to avoid withdrawing any fund from Account 3, unless for purposes allowed for Account 2 withdrawal.

This post has been edited by kart: Aug 31 2024, 10:01 PM