I think Singapore CPF for the employer contributions is capped at $4K salary only. Therefore you don't expect that you have a lot if your monthly paycheck more than 10k.but Singapore personal tax is much lower than Malaysia.

Since EPF have achieved good return for the 1st 3 quarters, my guess it still able to deliver 5.0%-5.5% dividen for 2018.

At the end 2018, Only 36910 or 0.5% of the total active EPF member saved more than 1 mil.


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continue reading..., expect not many EPF contributor have not enough money to retired.


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https://themalaysianreserve.com/2019/10/22/...wealth-bracket/

"Less than 1% of M’sians in US$1m wealth bracket" -

I'm 56 now, after working for 31 years. I don't have USD 1 mil (= RM4.25 mil ) saving too.

Don't worry, maybe new PN gov can take us back to pre 1997 where currency USD VS RM is only 1 : 2.5, by then you will be included into top 1% again. For me, I've only have 3 years 10 months to retirement, As long, I stay put in Malaysia. I don't need to work hard to achieve USD 1 mil, just USD 0.5 mil to 0.6 mil is good enough for me.

Agreed, Perhaps god treated me little better than others. Whether how much money to live is very subjective and it depends on individual lifestyle and needs. I can happily live with RM5K-6K per month but others may not.

I think SSPN saving/contribution tax rebate will be end at 2022 only unless it extension is granted.

usually after 48hr during weekday.