EPF is a retirement fund not an investment fund.

In any case the additional contribution you may put in is limited to 100k per yr.

Also the amount will be locked in long term.

Will the bank give you a loan to park in EPF ??

Get ready your RM100k 

2024 fresh 100k voluntary contribution

boom boom boom

Just wondering, you can lock up your money till 50 or 55 to withdraw it? unless you are nearing 50/55.

Very true.

Some even do for family members wife and children

already boom boom boom boom 400 , 500k

Scary

Locking up money in KWSP is never meant to be an investment.

It is savings for the old age.

I would suppose if there are excess funds now why not compound it at 6pct even if its locked up.

The sooner those age 20 or 30 now attain the figure necessary to sustain comfortable living at retirement

the sooner for them to reach FIRE status.

FIRE = Financial independence retire early.

We make decisions based on what we know now.

Suppose KWSP were to change policy of not allowing contributor to withdraw one lump sum but by % only ,

it is not necessarily a bad thing although as a contributor I personally would not like my rights infringed upon.

Take it as a bottle of fine wine in KWSP do you want to gulp up the whole bottle in one go or simply take small small sips to savour

the wine for a long long time to come ...

to be fair, you should plan for such an eventuality...  ie be prepared that say upon reaching official retirement age, they only allow amounts above a certain threshold, such as 360K rm, to be withdrawn.
The 360K rm is only accessible via monthly withdrawals of say 3K rm?

just saying...

Its only yours when you actually spend it, same goes for funds stuck in stocks, UT, bonds, bank accounts, etc.

Hi guys, I just found out in efilling can claim for PRS (private retirement scheme) just below the EPF field in income tax form. Sigh I so late to the party.

I did invest some money from kwsp into i-invest. My two funds are:

Public Global Select Fund
Principal Global Titans Fund (Class MYR)

Are these two considered as PRS? Or they are not? But they are listed in KWSP website at I-invest?

may I know which you bought for PRS? which is the best for my RM3k ?

I actually got to know it from Versa ads (as I am using Versa save), but I don't have confidence much in the things they invest in after reading the breakdown of the low, medium, and high risk PRS funds.

almost all PRS have poor returns... we invest for the tax relief.

why so many PRS...?

For Chinese, on the 5th can pump some money to EPF for prosperity 

Can log in.

But I personally prefer the previous format.

Not a fan of speculation and unnecessary thoughts. That's why fud on epf still happening today. We shouldn't even reinforce such behavior.
App working fine. My number is beautiful as the last time I've checked.

guys, i put money in epf but still not reflecting after 4 working days. is this normal and expected?

Huh?
Balance of below 1k

How that's even possible???? 🧐😒

One cannot have zero balance? Unless those reach retirement age or just open new account...

Those multiple times withdrawal given previously also.... Cannot empty your EPF account too....

if latest reports are reliable then dividend rate will be

A. 5.4
B. 5.45
C  5.5
D 5.55
E. 5.6

This is the biggest anti climax of the year 

Nevertheless be thankful for the added blessings 

I am actually more concern about the so called upcoming Acc 3, how it will effect the dividend... will it yield a lower dividend? And how will it be allocated if we topup.
They should have an opt in opt out feature, especially for those with more than RM 1 mil... where they can withdraw any access amount anytime, this Acct 3 is meaningless.

I'm waiting for this weekend..

Seriously I don't really need the account 3 facilities...

My own emergency facilities is sufficient enough to cover... Got digital bank, Ordinary CASA, ASMx funds & heck even FD... Good enough...

Those badly needs account 3 for survival... I got bad news... You guys really bad in financial planning....

can fix withdrawal by giving more dividend% for account 3. logically people won't take out.
but please give me option to move from account 1 to 3. 

crazy ? Account 3 will have Zer0 dividend actually

GG EPF
I guess have to scale back on my vacation budget
6.5% going Japan
5.5% going Bangkok saja

Given this dividend rate.. Will it be better if I take out from Account 2 and put into house loan?

that really depends on your current financial health lor

if you can plan and manage the epf fund reasonably good till retirement age, ok la

your house loan near ending? also good idea to clear it faster (my opinion).

if loan still new, you wont see much impact now. but impact to epf fund is noticeable every year.
how's your career? financial status? if you can sustain the mortgage, then no rush to use EPF, unless your trust in epf is low 

35 years old this year and house loan got 30 years old.. Lama lagi lol.. I can sustain the mortgage no problem. Just wonder if reducing house loan or continue keep in EPF will be more beneficial.
Because EPF rate is still better?

I put 3% and assuming I retired at 55 years old...I am 35 years old this year so 20 years more to go. Assuming after I retired, I need to have money until age 80...so the retirement money need to last 25 years.

Not sure how much stuff will cost that time...I wonder if 7k monthly is enough or not also assuming no debts