If the 4.8% for the 12 mths FD materialises, then MBSB's 4.7% 60 mths is a goner!

Happy New Year, and happy investing...

Cheers

can scan/photograph the AP packet? if nice, will go get them, if not...

Yes, you're right = "The accumulated maximum limit for Self Contribution, 1Malaysia Retirement Savings Scheme and Top Up Savings Contribution is RM60,000 yearly."

Source = http://www.kwsp.gov.my/portal/en/web/kwsp/...lf-contribution

I think it's based on calendar year but can always call them at 03-89226000 (Monday to Friday: 8.00 am to 6.00 pm).

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...

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

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#

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...

I don't think you can do it as in m2u, it's either 1M'sia or Voluntary contribution to choose from, & from my EPF statement it's split 70-30 into A/cs 1 & 2, respectively but you can always call them at 03-89226000, Monday to Friday: 8.00 am to 6.00 pm.

Do update us of the outcome.

more on cimb's unfixed deposits = https://www.imoney.my/articles/this-game-ch...he-way-you-save

and = http://www.cimbbank.com.my/en/personal/pre..._afl_im_content

Cheers & Kong Hee Fatt Choy...

Kong Hee Fatt Choy...

https://www.google.com.my/logos/doodles/201...63552512-hp.gif

Yes, you're right on both counts.

When I self-contribute by cheque, it took 7 working days (Cheque which was deposited at EPF, Jln Gasing branch counter on Sep 10 (Wed) was credited on Sep 19).

However, when deposited through maybank2u, it took only 1 working day:-
Oct 17 (Fri) deposit was credited on Oct 20 (Mon).
Oct 30 (Thu) deposit was credited on Oct 31 (Fri).
Jan 29 (Thu) deposit was credited on Jan 30 (Fri).

But m2u has a RM5K daily limit!

EPF, EPF...

RM60k self contribution looks good if you use a cheque but it takes 7 working days to "clear"...

If cash payment is made over the counter, there's a RM5K daily limit but the "clearance" is the next working day; similarly for maybank2u.

I wonder if the RM5K cash daily limit can be sidestepped by paying RM5K cash OTC, RM5K through cimbclicks, another RM5K through maybank2u, another RM5K through citibank... on the same day...

This post has been edited by giko: Feb 24 2015, 03:37 PM

I did but only through cash & m2u, & waiting to see the statement next week or so...



will try this. TQ

Thanks for the tip but I've sworn that I won't open any PBB a/cs since 1988 when they bounced one of my Co's cheque which was short by RM10, and my office was just 5 doors away from that blasted branch!!!

Last year I issued an MBB chq of more than RM50K for my EPF a/c and it was cleared, no question asked. Maybe the RM5K chq limit was years ago?

I'll stick with m2u & have just done 7 rounds of the RM5K EPF transfers already...

I don't think your chq will clear by 27 Feb (28 Feb being a non-banking day) as it takes, per EPF "ruling", 7 working days to credit your a/c. You'll be credited on 5 Mar, I think.

You were there at the Jln Gasing branch yesterday? I was there too but at 10.30 am to deposit cash... Did I bumped into you? Brown Camry with a lady passenger?

Just to clarify the EPF self contribution thingy:-

1. Maybank2u sets a RM5K limit per transaction, not daily limit as I initially thought, and as rightly pointed out by diablo2, we can transact 12 times for each RM5K, on the very same day, to achieve the RM60K limit:-

2. MBB cheques of more then RM5K can now be made to EPF - I've done this last year.


3. EPF has set a RM5K daily limit for cash deposited OTC. However the m2u RM5K x 12 times can easily override this!


4. For both cash & m2u deposits, the EPF "clearance" date is the next working/banking day. However a cheque payment to EPF will take 7 working days to "clear".


5. It has been established that the dividend for any deposit made during the month starts on the very last day of that month, provided the next/7 working days "clearance" is within that month.


So after the maximum RM60K EPF self-contribution, it's now onto SSPN (or PTPTN) max dep of RM6K, mainly for the tax relief but the 4+% interest does help too...

This post has been edited by giko: Feb 26 2015, 09:43 AM

oops. deleted.

This post has been edited by giko: Feb 26 2015, 09:42 AM

Here's the link = http://www.ptptn.gov.my/web/english/savings/gen-info

Basically, as a parent, you can open a sspn a/c in your child's name and get a tax relief of RM6K till 2017.

For 2013, the interest was 4.25%. Have to wait for the 2014 interest announcement, probably in Apr 2015, & hopefully it's still in the 4%+ range.

more at https://forum.lowyat.net/topic/1819492

cheers...

Lucky you. I haven't strike any yet!

Here's the promo for this month = http://www.ptptn.gov.my/web/guest/promosi-ptptn

Did you strike this one? = http://www.ptptn.gov.my/docs/PemenangCabut...15_20012015.pdf