Regarding depositing 60K/yr into EPF, what if  , say after 5 years I want to withdraw half of what I put in, am I able to do so? What is the effective rate like?

If you are 55 years old and above, the will be neither penalty nor restrictions for making epf withdrawals.

Good for those who already reach above 50 years old and bad for me who still have quite a journey to reach 50 for time being

I will never think of stockpile my $$$ in epf although it's able to generate higher return than fd because of restriction and limit in withdrawal

I don't think there is much for me to enjoy with the $$$ in epf when I reach 55 to 60 yrs old

Anyway this is my own personal opinion

Withdrawals depends on your age at that time.

At the time you wish to withdraw, whether in 5 years time or whatever, as long as you reached 55 years, you can withdraw all your EPF accounts. In the case of partial withdrawal of 30 K, there should be no problem after 55 years old.

If you reach age of 50 and below 55 birthday, certain conditions apply.

If your age is below 50, this does not mean you cannot withdraw at all. You can but depends on the conditions set for the account or you migrated.

On reaching 55 and after, you can either choose to deposit more money,

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

withdraw all, withdraw some from time to time (there are minimum amount condition), or ask for regular monthly payments.

http://www.kwsp.gov.my/portal/documents/10...vertisement.pdf

http://www.kwsp.gov.my/portal/documents/10...17_13012017.pdf

The effective rate for EPF is guaranteed 2.5% minimum. See the following article for rates and how to calculate.

https://www.imoney.my/articles/what-does-th...to-your-savings

For the third example, is +5% or +6% better than 4.3% , 4.5 % or 4.7%? Do you trust your mother or father who is over 55 years old, or you just want them to have some spending money?

A daughter passes money or deposits voluntary contributions to her non-working housewife mother EPF account. The mother instructs EPF to credit a fixed amount on the 25 th of each month into her savings account. She can then withdraw it for use for herself or give/transfer it to her daughter later.

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

Do you understand what the above means?