Feb 22 2020, 05:40 PM
QUOTE(XweienX @ Feb 22 2020, 07:47 PM)
All of you sifus are much more experienced than I am so I would like to ask for your opinions and insights.
I was just thinking about how in the recent years more and more people are going into freelancing and the gig economy (full time Grab/Foodpanda etc.) and as far as I know they don't have compulsory EPF deductions. Will this mean that EPF will have lesser capital (or slower capital growth) in the future?
Since I myself only do self contributions for my EPF, should I reduce the amount and put it somewhere else?
You raised an good point. I was just thinking about how in the recent years more and more people are going into freelancing and the gig economy (full time Grab/Foodpanda etc.) and as far as I know they don't have compulsory EPF deductions. Will this mean that EPF will have lesser capital (or slower capital growth) in the future?
Since I myself only do self contributions for my EPF, should I reduce the amount and put it somewhere else?
In fact, EPF CEO himself feels the same and state EPF may cease to exist in our time. I own my own biz and I contribute a big zero to my EPF.
https://www.edgeprop.my/content/1497478/epf...e-%E2%80%94-ceo
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