Fixed Deposit Rates in Malaysia V6.1, Please Read Post #1
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 Aug 8 2014, 12:59 AM
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#1
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Senior Member
2,878 posts Joined: Jun 2005 From: Petaling Jaya/Highbury 
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Hi all,
I have a question regarding KWSP's voluntary contribution: If I were to deposit some money in August 2014 and withdraw that amount before the announcement of the dividend rate for 2014 (which I assume would be in early 2015), will my voluntary deposit still be earmarked to receive the prorated dividend? Thanks in advance  |
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Aug 8 2014, 08:24 AM
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#2
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Senior Member
2,878 posts Joined: Jun 2005 From: Petaling Jaya/Highbury
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QUOTE(gsc @ Aug 8 2014, 01:13 AM) I have asked EPF staff before and the answer is Yes. It seems that if you predict 2015 rate is lower than 2014, by withdrawing before the announcement, you may enjoy the gain of a better "old" rate I see. Thanks !   QUOTE(aeiou228 @ Aug 8 2014, 07:44 AM) Yes you will received dividend. But the question is, you can't simply withdraw as and when you want it unless you are above 55 years old. Yup but if I were to deposit under my parents' (who are both above 55) accounts? They shouldn't be able to trace right? Another risk you may want to consider is that if EPF is not performing, there is no u turn for you before 55 years old.  |
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