QUOTE(Zackwong6167 @ Feb 19 2019, 12:05 AM)
Short answer yesAs long as you got the epf number, can self contribution via maybank2u
Source, from kwsp staff and news at few page back
If still in doubt, jz email or walk in any kwsp branch
EPF SELF-CONTRIBUTION
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Feb 20 2019, 01:18 PM
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2,649 posts Joined: Nov 2010 |
QUOTE(Zackwong6167 @ Feb 19 2019, 12:05 AM) Short answer yesAs long as you got the epf number, can self contribution via maybank2u Source, from kwsp staff and news at few page back If still in doubt, jz email or walk in any kwsp branch |
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Feb 21 2019, 01:04 AM
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1,991 posts Joined: Jan 2003 From: Kalamazoo, MI |
QUOTE(Artus @ Feb 19 2019, 03:37 AM) From their website, EPF said there are only 3 classes of people that are allowed to do self-contribution: I've tried it. It's doable.http://www.kwsp.gov.my/portal/en/member/me...lf-contribution Like I have said earlier, I have no idea what would happen if a person who is not in those 3 classes made some self-contributions. |
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Feb 21 2019, 01:43 PM
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QUOTE(xcxa23 @ Feb 20 2019, 01:18 PM) Short answer yes As long as you got the epf number, can self contribution via maybank2u Source, from kwsp staff and news at few page back If still in doubt, jz email or walk in any kwsp branch QUOTE(pillage2001 @ Feb 21 2019, 01:04 AM) If self contribute, then the money still divided into account 1 and account 2?This post has been edited by askingquestion: Feb 21 2019, 01:44 PM |
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Feb 21 2019, 01:54 PM
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Feb 21 2019, 01:55 PM
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Feb 21 2019, 03:11 PM
Show posts by this member only | IPv6 | Post
#166
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81 posts Joined: Dec 2017 |
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Feb 21 2019, 03:36 PM
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42 posts Joined: Jun 2015 |
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Feb 21 2019, 04:12 PM
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105 posts Joined: Nov 2016 |
i happened to pass by this thread i think Tham had share some great insight for financial freedom, However the early you start the highest you can go, compounding interest is very high when you have hit certain amount.
Look at below picture i have put in some illutration, you can see by yourself how hard to accumlate 1mil and how easy it can accumulate to 2 mil. so richer become even richer =) below graphic assume 30 years timeline and your salary is around RM5000+ with 5% incremental every year , Dividend is also 5% which we all know it will be higher than that. ![]() This post has been edited by Edward_Ng: Feb 21 2019, 04:13 PM |
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Feb 21 2019, 11:59 PM
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1,991 posts Joined: Jan 2003 From: Kalamazoo, MI |
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Mar 3 2019, 11:06 AM
Show posts by this member only | IPv6 | Post
#170
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579 posts Joined: Apr 2010 |
i tried to deposit 1k to epf via maybank2u but i guess there should be a processing time? cause it's not showing up on my epf account now..
anyone can tell how long would it normally take? |
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Mar 3 2019, 12:45 PM
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75 posts Joined: Jun 2015 |
Interesting topic, definitely learned a thing or two but I wana clarify something...
So you guys mentioned there is a RM60k limit on your yearly contribution... what I want to clarify is that... the RM60K annual contribution limit is applied only for your own contribution portion ? Or does it represent both you and your employers portion that is totalled up together ? |
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Mar 3 2019, 09:41 PM
Show posts by this member only | IPv6 | Post
#172
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1,616 posts Joined: Jul 2016 |
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Mar 4 2019, 06:16 AM
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954 posts Joined: Dec 2006 |
QUOTE(fuserdef @ Mar 3 2019, 12:45 PM) Interesting topic, definitely learned a thing or two but I wana clarify something... Should be only our own contribution.So you guys mentioned there is a RM60k limit on your yearly contribution... what I want to clarify is that... the RM60K annual contribution limit is applied only for your own contribution portion ? Or does it represent both you and your employers portion that is totalled up together ? |
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Mar 4 2019, 07:57 PM
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61 posts Joined: Sep 2017 |
after reading this thread, maybe i will allocate 10% of my salary as self contribution
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Mar 4 2019, 08:24 PM
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97 posts Joined: Apr 2011 |
QUOTE(Edward_Ng @ Feb 21 2019, 04:12 PM) i happened to pass by this thread i think Tham had share some great insight for financial freedom, However the early you start the highest you can go, compounding interest is very high when you have hit certain amount. why year 1 got 100k already?Look at below picture i have put in some illutration, you can see by yourself how hard to accumlate 1mil and how easy it can accumulate to 2 mil. so richer become even richer =) below graphic assume 30 years timeline and your salary is around RM5000+ with 5% incremental every year , Dividend is also 5% which we all know it will be higher than that. ![]() |
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Mar 4 2019, 09:33 PM
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105 posts Joined: Nov 2016 |
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Mar 4 2019, 10:34 PM
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Mar 4 2019, 11:21 PM
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954 posts Joined: Dec 2006 |
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Mar 5 2019, 11:55 AM
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857 posts Joined: Jan 2005 From: Mlk, Klang |
Hi Guys,
Need some clarification about the self contribution. Is it referring to employee contribution (increase %) or is it a thing where we can do anytime (meaning that if I have extra money, I contribute)? Thanks. |
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Mar 5 2019, 03:26 PM
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1,576 posts Joined: May 2007 |
QUOTE(fuserdef @ Mar 3 2019, 04:45 AM) Interesting topic, definitely learned a thing or two but I wana clarify something... I think I remember the EPF advisor, My Yazid, telling meSo you guys mentioned there is a RM60k limit on your yearly contribution... what I want to clarify is that... the RM60K annual contribution limit is applied only for your own contribution portion ? Or does it represent both you and your employers portion that is totalled up together ? that the $ 60,000 limit only applies to self-contribution from nonemployees - selfemployed, students, housewives, etc, using the Form 6A. For additional contributions using the Form 17 for employees, already working and contributing, I think there is no limit, whether the employee's or employer's portion, or both, I may be wrong, but you can always go to consult any of the advisors there. The usual advisors at the branch at Jalan Pahat L15/L, Shah Alam, are - Mr Yazid Mr Iskandar Mr Fadzali |
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