If they don't do the tiered dividen then yes you are right. If they do then my money will grow less. So i rather take out until i get the highest tier or as much as possible (artificially inflated coz it's rob from above) and move it to house loan (coz it's one of the allowed withdrawal) and move the money originally for that purpose (flexi loan so money park there consider earning 4% coz i don't get charged that 4% interest when i have excess money) and use that excess money to get other stuff. Even if they don't allow a second withdrawal on the same home i will go buy another house or apartment to take it out and earn rental. Rather do that than give donation by force. The yield might be more or less (a lot higher potential to be higher) but at least now i own more assets and if they can do this tier dividends then chances are they can do a lot more so your kwsp money is not really your money in this case so i rather move it out than putting more in it. Money that you do not control is not your money. The only reason i put minimum amount (plus a bit more) when i actually don't need to is coz of tax benefit and forcing myself to save some extra per month as a gift for myself when i hit 50/55. But if they doing tiered dividend then it is no longer the case as they are now officially moving goal post and able to dictate the money direction and have intention to do it. Once they start they can do more. Hence it's a good decision for me to move it. Got it?

EPF CEO Datuk Seri Amir Hamzah Azizan said the regular or monthly withdrawals were currently done voluntarily.

He said it was due to it being seen as providing individuals a better chance at managing their retirement funds.

At the same time, he said the withdrawals also gave the opportunity for the contributors to receive yearly dividends with the remaining savings they had.
“We do provide a choice of withdrawals for all EPF members who reached the age of retirement be it in full or partial.

“However, not many opted for monthly withdrawal and this provides space for us to promote it more,” he told reporters during the 2023 International Social Welfare Conference, today.

However, Amir said more reserach and discussions are needed with the government.

“For the time being our focus is to encourage members to have a savings account with the schemes available,” he said.

Up to March 2023, EPF recorded 116,423 new registrations bringing the total EPF members to 15.8 million.

Of the total 8.45 million were active, representing 50 per cent of the 16.81 million Malaysian labour force.