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 Quick question, About EPF

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T231H
post Jul 16 2015, 09:00 PM

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QUOTE(supersound @ Jul 16 2015, 08:15 PM)
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.
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hmm.gif Possibility...
but the forummer of post#10 looks like "Old bird"...
too old to be cheated-lor...
if cheated, will he buy again? (he mentioned he put monthly into his UT fund)
btw,...in FSM or Eunittrust online UTs distribution platforms.....NO agent involved...therefore no agent to cheat and mislead by boasting how superior is that particular fund perform, I'm not sure how many people had bought from them....just read an article published in Dec 2005, that it has asset under management of S$300 million ...... generated by iFAST’s online division, Fundsupermart.com. (Singapore)...if the S$300 millions grew for 10 years combined with other FSM's operation in M'sia, HK and India PLUS Eunittrust platforms .....the AUM would be very huge where - NO agent involves
https://secure.fundsupermart.com/main/artic...ion-In-AUM-1798

This post has been edited by T231H: Jul 17 2015, 07:38 AM


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wil-i-am
post Jul 16 2015, 11:37 PM

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QUOTE(T231H @ Jul 16 2015, 02:21 PM)
hmm.gif any idea what is the max % allowed?
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EPF didn't specify
http://www.kwsp.gov.my/portal/en/web/kwsp/...-statutory-rate
T231H
post Jul 17 2015, 01:13 AM

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QUOTE(wil-i-am @ Jul 16 2015, 11:37 PM)
ya-lor..did not specified in the Form too.
googled and found that this had been asked many years back in one of the forum and the Admin provided the "best' answer...ha-ha.
http://www.mylabourlaw.net/forums/896-empl...ontribution.php

This post has been edited by T231H: Jul 17 2015, 01:13 AM


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MGM
post Jul 17 2015, 06:49 AM

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QUOTE(wil-i-am @ Jul 16 2015, 11:37 PM)
Read somewhere it is 19 or 20%. One can request their GOOD employer to increase this rather than raise pay so lessen income tax.
wil-i-am
post Jul 17 2015, 08:24 AM

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QUOTE(MGM @ Jul 17 2015, 06:49 AM)
Read somewhere it is 19 or 20%. One can request their GOOD employer to increase this rather than raise pay so lessen income tax.
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As I know, LHDN allow an employer to claim tax deduction up to 19% of employer's EPF contribution
SUSsupersound
post Jul 17 2015, 08:30 AM

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QUOTE(T231H @ Jul 16 2015, 09:00 PM)
hmm.gif Possibility...
but the forummer of post#10 looks like "Old bird"...
too old to be cheated-lor...
if cheated, will he buy again? (he mentioned he put monthly into his UT fund)
btw,...in FSM or Eunittrust online UTs distribution platforms.....NO agent involved...therefore no agent to cheat and mislead by boasting how superior is that particular fund perform, I'm not sure how many people had bought from them....just read an article published in Dec 2005, that it has asset under management of S$300 million ...... generated by iFAST’s online division, Fundsupermart.com. (Singapore)...if the S$300 millions grew for 10 years combined with other FSM's operation in M'sia, HK and India PLUS Eunittrust platforms  .....the AUM would be very huge where - NO agent involves
https://secure.fundsupermart.com/main/artic...ion-In-AUM-1798
*
Well, if were to buy oversea funds, I'll play forex whistling.gif

QUOTE(wil-i-am @ Jul 16 2015, 11:37 PM)
It depends greatly on your EPF deductible salary(basic + allowance), some company set the max at 25% hmm.gif

QUOTE(T231H @ Jul 17 2015, 01:13 AM)
ya-lor..did not specified in the Form too.
googled and found that this had been asked many years back in one of the forum and the Admin provided the "best' answer...ha-ha.
http://www.mylabourlaw.net/forums/896-empl...ontribution.php
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EPF won't stop us how much to contribute on our side icon_idea.gif

QUOTE(MGM @ Jul 17 2015, 06:49 AM)
Read somewhere it is 19 or 20%. One can request their GOOD employer to increase this rather than raise pay so lessen income tax.
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The form still have to be filled by you, some are 20% like you said, some can up to 25% or the max is 1/3 of your pay.
nexona88
post Jul 17 2015, 08:44 AM

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QUOTE(supersound @ Jul 17 2015, 08:30 AM)
Well, if were to buy oversea funds, I'll play forex whistling.gif
It depends greatly on your EPF deductible salary(basic + allowance), some company set the max at 25% hmm.gif 
EPF won't stop us how much to contribute on our side icon_idea.gif
The form still have to be filled by you, some are 20% like you said, some can up to 25% or the max is 1/3 of your pay.
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how u know can max until 25%? I didn't see it hmm.gif
can help me point where u saw it

This post has been edited by nexona88: Jul 17 2015, 08:44 AM
SUSsupersound
post Jul 17 2015, 09:19 AM

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QUOTE(nexona88 @ Jul 17 2015, 08:44 AM)
how u know can max until 25%? I didn't see it  hmm.gif
can help me point where u saw it
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Because my ex company said so whistling.gif
It is more on my salary vs deductions ratio that set the limit.
It won't be logic if your salary is rm3000 but EPF contribution until rm1500, right icon_idea.gif
nexona88
post Jul 17 2015, 10:56 AM

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QUOTE(supersound @ Jul 17 2015, 09:19 AM)
Because my ex company said so whistling.gif
It is more on my salary vs deductions ratio that set the limit.
It won't be logic if your salary is rm3000 but EPF contribution until rm1500, right icon_idea.gif
*
What if the person have "others" income not counted for sweat.gif
SUSsupersound
post Jul 17 2015, 12:14 PM

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QUOTE(nexona88 @ Jul 17 2015, 10:56 AM)
What if the person have "others" income not counted for sweat.gif
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Nope, the company won't consider this. Still depending another company to another.
MUM
post Jul 17 2015, 12:35 PM

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QUOTE(T231H @ Jul 16 2015, 09:00 PM)
hmm.gif Possibility...
but the forummer of post#10 looks like "Old bird"...
too old to be cheated-lor...
if cheated, will he buy again? (he mentioned he put monthly into his UT fund)
btw,...in FSM or Eunittrust online UTs distribution platforms.....NO agent involved...therefore no agent to cheat and mislead by boasting how superior is that particular fund perform.  I'm not sure how many people had bought from them....just read an article published in Dec 2005, that it has asset under management of S$300 million ...... generated by iFAST’s online division, Fundsupermart.com. (Singapore)...if the S$300 millions grew for 10 years combined with other FSM's operation in M'sia, HK and India PLUS Eunittrust platforms  .....the AUM would be very huge where - NO agent involves
https://secure.fundsupermart.com/main/artic...ion-In-AUM-1798
*
from 1 Billion SGD in 2005 to 5.13 Billions SGD in 2014.... thumbup.gif
SINGAPORE (Wednesday, 10 December 2014) — iFAST Corporation Ltd. ("iFAST Corporation" or together with its subsidiares, the “Group”), an Internet-based investment products distribution platform with assets under administration (AUA) of approximately S$5.13 billion as at end September 2014, and the parent company of Fundsupermart.com and iFAST Financial platforms,
http://www.fundsupermart.com.my/main/resea...?articleNo=5331

This post has been edited by MUM: Jul 17 2015, 12:36 PM
Babablacksheep
post Jul 17 2015, 01:21 PM

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KUALA LUMPUR: Employees Provident Fund (EPF) contributions totalling RM377.8mil have yet to be claimed by 188,733 members over 75 years up to Dec last year.

Read more: http://www.theborneopost.com/2011/03/24/ep.../#ixzz3g7hLP4Fu


Unclaimed Money alone in year 2011 is around RM377Mil.
How to bankrupt? LOL.
nexona88
post Jul 17 2015, 04:12 PM

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QUOTE(Babablacksheep @ Jul 17 2015, 01:21 PM)
KUALA LUMPUR: Employees Provident Fund (EPF) contributions totalling RM377.8mil have yet to be claimed by 188,733 members over 75 years up to Dec last year.

Read more: http://www.theborneopost.com/2011/03/24/ep.../#ixzz3g7hLP4Fu
Unclaimed Money alone in year 2011 is around RM377Mil.
How to bankrupt? LOL.
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do u know 2014 numbers? icon_rolleyes.gif
SUScute_miao
post Jul 18 2015, 06:15 AM

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Tour friend might use ur epf to invest n bail 1mdb
nexona88
post Jul 18 2015, 05:01 PM

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QUOTE(cute_miao @ Jul 18 2015, 06:15 AM)
Tour friend might use ur epf to invest n bail 1mdb
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hmm.gif Tenaga planning to buy over all 1MDB's power assets.
SUScute_miao
post Jul 18 2015, 05:20 PM

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QUOTE(nexona88 @ Jul 18 2015, 05:01 PM)
hmm.gif Tenaga planning to buy over all 1MDB's power assets.
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Money out frm left pocket, money in the right pocketq
T231H
post Jul 18 2015, 05:23 PM

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QUOTE(cute_miao @ Jul 18 2015, 05:20 PM)
Money out frm left pocket, money in the right pocketq
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hmm.gif will some money dropped during the transfer?
SUScute_miao
post Jul 18 2015, 06:25 PM

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QUOTE(T231H @ Jul 18 2015, 05:23 PM)
hmm.gif will some money dropped during the transfer?
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Let us pray...
nexona88
post Jul 18 2015, 08:33 PM

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QUOTE(cute_miao @ Jul 18 2015, 05:20 PM)
Money out frm left pocket, money in the right pocketq
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consider as bail-out blink.gif
SUScute_miao
post Jul 18 2015, 09:40 PM

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QUOTE(nexona88 @ Jul 18 2015, 08:33 PM)
consider as bail-out  blink.gif
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