-deleted-

This post has been edited by MGM: Feb 7 2015, 08:19 AM

"to declare" so not confirmed yet? So this is better than ASX that non-bumi can buy? Too early to celebrate until the dividend is shown in my account. If turn out well, then congrats to those who took the plunge.

Don't think they will do that, if EPF gives good return less people will take it out for self investment, and EPF will be flush with Cash and that will make them very happy.

Yeah, some of us have plunged for some years. Myself 2 years and @magika 2 or more years ?

So the extra deposit did enjoy the same % of dividend? Just want to make sure b4 I .

Yes, last year checked for 2013, did have but it is pro-rata based on the month you bank in.

If I remember correctly, @magika (High & Mighty Magician who get free RENTAS from BR ) said deposit few days before end of month, no need too early in the month (no interest for the month) something like that.

So max 60k enjoying high interest (to those that said why put in banks while EPF gave the highest rate as compared to banks ).

This post has been edited by bbgoat: Feb 7 2015, 10:38 AM

In one of the postings it was established that EPF will calculate the dividend from the last day of the month; so the best we can get is 6.20% if voluntary contribution is placed in Jan :-

365 days less 30 days in Jan = 335 days;
335/365 X 6.75 = 6.1952

So 6.20% is much higher than existing FD rates...

I understand your calculation. But I beg to differ in the sense that if one banks in for the month of Feb, from that time on you still enjoy the declared interest (pro rata). Cannot say divide the way shown. It is as if we put in the bank, the interest rate count from when you put it in.

This post has been edited by bbgoat: Feb 7 2015, 11:14 AM

IMHO, you'll still be earning just short of 6.75%pa, the leakage being those few days your mthly payment sits there waiting for the next interest cycle.

Yes, that is true. But you still get higher rates than FD. Also longer term going into subsequent years if the trend holds.

I think we are not talking about exactly 6.75%, anything above 6.35% is already higher than last year.

This post has been edited by bbgoat: Feb 7 2015, 12:28 PM

sorry. my mistake. you're right. 6.75% x1/31 for Jan only while the rest of the months at 6.75%. my bad!

This post has been edited by giko: Feb 7 2015, 12:47 PM

Absolutely! no doubt about that

just a thought... would you also delay your withdrawal? let's say if you can already withdraw 100% but outside fd still languishing ~ 4% while EPF still show ~6%... would you keep it there or take out?

If keep it there:
will they still pay you same interest as everybody else?
can you withdraw anytime if you so feel like it?
do they allow partial withdrawal thereafter or do they have some rule about how many times you can withdraw?

I guess the answers are somewhere in the EPF website / pamphlets ... haha lazy to go dig... Anybody got quick answers at hand?

Wonder the EPF interest will flow into which account? Or they give accordingly by account 1 and 2? As what I know account 2 can withdraw out for study lol.

This post has been edited by nubJeff: Feb 7 2015, 12:52 PM

If u r over 55, your funds still earn d same interest, can withdraw any amt n anytime u like, AFAIK:-)

This post has been edited by MGM: Feb 7 2015, 03:30 PM

If u deposit cash into your EPF ac on 31jan thru Bank u should get 334days of 6.75%. U lose 1 day returns.

This post has been edited by MGM: Feb 7 2015, 04:06 PM

regardless whether EPF receive ur money on 1st or 31st, u will only earn 1 day dividend for that month. This was confirmed by EPF via email. I did work out in spreadsheet, diff only 2sen.

Confirmed 6.75% for 2014 dividend!

Note - "The EPF account statement for the crediting of the 2014 dividend is available online via i-Akaun at myEPF website (www.kwsp.gov.my). Alternatively, members can obtain their statement via EPF Kiosks or visit any EPF branches starting Sunday, 8 February 2015."

https://www.youtube.com/user/KWSPMalaysia

http://www.kwsp.gov.my/portal/en/web/kwsp/home#

Wow, you are fast !

So it is really 6.75%. News portals are reporting this now !

according to this = https://secure.kwsp.gov.my/portal/en/web/kw...DetailPage=true , can check from Sun 8 Feb 2015 but the video said Mon 9 Feb...

anyway will check tmr at rhb as forgotten my password for e-kwsp...

deleted

This post has been edited by kykit: Feb 7 2015, 11:04 PM