EPF allows you to put in 30% monthly?
this 6% can fluctuates..min is 2.5% though...see historical rates
http://www.kwsp.gov.my/portal/en/web/kwsp/.../dividend-rates
here is a calculator you can check the est future value
http://www.hcuonline.com/HCU_Calc_PeriodicSavings.html

Btw, do take note of the other "devil" at the opposite of this future value equation....
Inflation rate...the real one, NOT the published one (most people said that are available)

This post has been edited by T231H: Jul 16 2015, 02:19 PM

It's quite rare to see ppl putting more into their EPFs. And 30%?

No dividends given but the stock price increase much more that dividends given by normal companies. That's why Warren Buffett is call the "Oracle of Omaha".

Yes as employee can choose to top up in xcess of 12%

any idea what is the max % allowed?

Max 60K per annum.

Mind that the tax relief part for personal is capped at Rm6K pa.

60k max is for total input by means of self + employer + voluntarily self contribution (over the counter top up, etc, etc)?

Not to sure, I guess it is total.

As not many may encounter this "problem", as then money goes in, need to wait until retirement age only can withdraw.

There is no tax relief after 6K, so doesn't have much incentive for individual after 6k.

If you are employed? Then do you have a choice? You question becomes irrelevant right?

If you are self employed? Then you have a choice. Your choice becomes where can I get to put into a fund that gives > 6% return p.a. where the unit price is fixed? Beware, beware.... there are plenty of insurance agent that will try to sell you saving plans. If you do not know how to calculate xIRR, you will be easily swayed by their sweet talk.

Now, from my part, my salary income must go into EPF because I do not have a choice... but I have a small choice to take out partially to participate in MIS (private UT)

Income that I received from commission and rental and what not... I choose not to put into EPF because I am confident I can get higher than 6% ROI p.a. elsewhere.

I hope my posting can give you some perspective.

Xuzen

This post has been edited by xuzen: Jul 16 2015, 02:55 PM

Yup, you keep on buy, buy and buy while the agents keep on make money
When this happens, then congrats, you already have syndrome, the gambler's syndrome.

If you keep on buying, then it really does not matters, but you buy once only, it does matters.

you said "If you keep on buying, then it really does not matters, but you buy once only, it does matters".
how? what are the differences?
further more you just mentioned...."you keep on buy, buy and buy while the agents keep on make money"....isn't that contradictory?

For me, buying funds are no difference on buying shares if I need to keep on diluting it to make money.
But if I just buy once, it will be like a savings account.
And buying trust funds need to pay fees, so it is not contradicting.

..you-ah...
you mention trust fund in post 8,
asked about post 8 in post 11
you replied in post 30, i asked about contradictory in 31
now you compared with buying Share

I know you are trying to fish me, so I just be part of your game.
If you are trying to make don't know with such replies, I don't bother also

just wanted to fish for clarification....before judging if post#9 is true or not...

Butcher acting smart by commenting about vegetable farming methods again

Well, an agent cheat and mislead to earn a luxury living.
BTW, you may not trust me, but post #10 also mentioned being cheated
It is quite clear already.
And if I'm not pouring rubbish to those agent's rice bowl, why they so fast come and attack me

community service...rescuing LYN from stupidity

Post #10 (as below) did not mention about being cheated....it just mention the value is now dropped....(the value are mostly determined by the market performance)
as practiced, the investor has to declare by signing on the form (or "tick"for online) that he understood about the risks associated with unit trusts funds as spelled out in the prospectus before buying....
and in post#10, the investor are continuing to buy to average down......would he continue to buy if he felt cheated?

Noe, this is what usually happens when a newbie buying a fund. If the agent never cheat and mislead by boasting how superior is that particular fund perform, I'm sure nobody will buy.