Every form of investment is bound to have a certain risk.

But that of the government is quite minimal compared to private ones.


Singapore's CPF contribution rates at 20 percent for the employee up
to age 55, previously 50 is far higher.

And their interest is dismal.

Those up to 55 earns just 5 % and only on their first $ 60,000, above that 4 %.

Those above 55 earns an extra 1 % on their first $ 30,000.

Malaysians are already quite lucky as it is.

https://www.gpayroll.com/blog/payroll/singa...ntribution.html

https://www.pwc.com/sg/en/company-administr...0-chgetocpf.pdf


Yes, the charity homes are in trouble.

https://www.themalaysianinsight.com/s/21577/

You mean you are self-employed and contributing voluntarily ?

If unit trusts are giving you better returns, then that is your choice.

As I have said, you can put your money in anywhere you feel is more profitable.

I'm no investment consultant, but investments are basically all about
risk/benefit.

You can get sudden windfalls with stocks - but look at the risk involved
if the market crashes.

Their CPF interest at just 5 % on the first $ 60,000 for most of the population
is high ?

How do you do your arithmetic ?

Don't factor in the exchange rate.

Say you have $ 600,000 in your CPF.

5 percent on $ 60,000 is just $ 3,000.

4 percent on $ 540,000 = $ 21,600.

Total $ 24,600.


6.9 percent for a Malaysian with RM 600,000 is RM 41,400.

He has received almost RM 20,000 more than the Singaporean.


Look at the earlier poster with RM 480,000.

He just received RM 33,120 early this year.



As I have already said, and several of the others here have also experienced,
there are NO PROBLEMS taking it out so far.

I have withdrawn several times last year and once early this year.

Najib may not be perfect, but he endears himself to people and won't
touch your EPF.



This post has been edited by Tham: Feb 17 2018, 10:43 PM

Yes I did self contribution during the last 10 years of working life.

Actually I went overseas to work, so that I could afford to educate my children, as I am a non bumi, no handouts! 5 years on overseas, realised my EPF was too low to sustain a quality of life I needed when retired. Apart from compound interest there was no contribution. The moment my children finished Uni, I started self contribution and built up a tidy sum.

Was rather disapointed last years interest by EPF, that was very poor show. Glad to note this year will be above 6%. Glad to hear EPF has changed it policy on interest payment to age 100. Stopping interest payments at 75 was too early. PPL are living healthy lifes beyod 75! Is self contribution still limited to 60K/year? I can't understand the logic here!

Tq for the websites! Will be reading those to update myself.

This post has been edited by SKYjack: Feb 18 2018, 11:38 AM

That's the problem with posting in these local "Kopitiam"
forums and coming across young kids like you, who are not
only dumb, but extremely rude.

(That's why my friends don't post here. They say there's
just a bunch of kids here talking "c**k".

I have been very patient with you, answering your questions,
giving you advice in investing your money, and yet you have
the nerve to flame me ?

This reflects on your upbringing, obviously.

And either you have extremely poor eyesight, and/or you have
an extremely poor IQ.

Did you even bother to look at the earlier links, particularly this ?


https://www.pwc.com/sg/en/company-administr...0-chgetocpf.pdf


As I said, I've lost my patience with you. I started this thread with
the intention of alerting some of you to the importance of saving
as much as you can in EPF while you are young.

No more time for you. Like I said - it's your money. Use it
anyhow you like - even at the casinos in Genting. I don't care.


You'll find out the consequences one day when you are in your
60s like the woman's older brother in my ex-office, with nothing
left but $ 15,000 in his EPF.

The last I heard, he was in severe depression, renting a run-down
$ 200 room (she said it was rat-infested) in one of the shophouses
along the main road at 2 1/2 mile Cheras (a few doors from the
funeral parlour).

And he is a qualified engineer.

The limit to $ 60,000 a year is to prevent money laundering,
according to the advisory PRO in EPF.

Even then, that's not so bad.


If you have $ 300,000 now, it will take just five years to put it all in.


2016's interest of 5.7 % wasn't really too bad either.

If you look at its history, it was 4.25 % in 2002.

And when EPF first started in the 1950s, it was just the minimum
2.5 %, climbing slowly up to 5.8 % 20 years later in 1971.

http://www.kwsp.gov.my/portal/en/about-epf.../dividend-rates


Do you think you can qualify for the 1 Malaysia Retirement Savings
Scheme ?

If so, why not transfer your money there, so they can give you
an additional $ 250 each year ?


https://www.thestar.com.my/news/nation/2012...-54000-members/

http://www.kwsp.gov.my/portal/en/general/1...-savings-scheme




Talking about lifespan these days.

I usually go to this unisex salon at Mutiara Complex in Ipoh Road
to cut my hair.

The hairstylist looks like Andy Lau, so they called him Andy.

When I went there two weeks ago, the shampoo girl said that
Andy had passed away last December.

Heart attack, 43.


Before that, up to end of 2013, I cut my hair at Taman Tenaga in Cheras,
at a small half-shop unisex salon.

The hairstylist and owner, Alan, passed away in Sungei Buloh hospital
in January 2014.

I don't even know what happened to him - all he said when I phoned him
before that, was that he had some fluid in his lungs.

So I thought lung cancer, but he was looking perfectly healthy before that.

In his 40s as well, I don't know his exact age.


And this Indian lawyer, Raj, whom I met at the pub below my old office
in Sri Hartamas - a really goodhearted caring person who always
bought me a meal everytime he saw me there.

He passed away about earlier last year, just before I lost my job
in June. Heart attack, 46.

Who is really the retard here by accusing people who try to give you good advice
by using that retarded phrase "bullshitting" ?

Who the hell wants to do that , and what does anyone gain, by "bullshitting" you ?

Where are your damned dinosaur brains ?

And who was really "screaming at the top of their lungs" ?

Nobody is trying to convince you to buy of their products - rather do
something for your own good.

As mentioned many times, it's your money. Dump it anywhere you like.


The facts given by the other posters, like Adri Wing and Skyjack, are not
enough proof ?

Adri Wing saved far more than $ 480,000, if you take into account
the expenses he has used on his family over the years - likely close
to a million.

And he just had $ 38,000 credited by the government into his account
in January.

How many people in the country have that much in the EPF ?

Do you think you can achieve that ?

What more proof do you need ?

If you are not interested in the EPF, and you think the government is
going to swindle your money, then you are free to keep your distance from
it and place your money anywhere else you wish.

Seems some of the high-risk unit trusts are getting returns of over 20 percent.

I suggest you take part in those investment sections of the forum.

Did he spend his money for medical treatment until he has to withdraw all from his savings?

That's because of changing demography in the country. People live longer and healthier these days, life expectancy increases.

Someone has to pay for this extra projected lifespan, so if it's not yourself, who else is going to do it for you? So you have to work more till 60 years, and at the time of your demise at age 75, the money in EPF would have been exhausted.

well, maybe you are financially very savvy and can take risk in higher return investments.

For me, so conservative and stupid, I put my money with EPF lor. Tried property , lost money. Tried stock market, lost money... thank you for your sympathy.

This post has been edited by Chrono-Trigger: Feb 20 2018, 12:39 PM

@tham that @TheRealist guy is a just a nuisance only or just plain stupid.. well it is hard to talk to a political motive asshole reply anyway... there is a saying with this kind of people..

"Aku mampu berhujah dgn 10 orang berilmu tetapi aku pasti kalah dengan yang jahil..." latterly means that dont argue with stupids that all

several of people scare to save in EPF bcoz they will think gov will know their secret not paying tax .

No, I don't know what happened to him exactly.

His sister said he was not really working all the time, and
those time he was, was more as some librarian in a Chinese
library. He's a Taiwanese graduate.

Then he went into depression several years ago, and was
under heavy treatment with clinics, then UKM.

I think his sister helped to pay for the private clinic in Cheras,
that Leong Polyclinic at 2 1/2 mile Cheras, near his shophouse.

The last I heard, he was taking several really heavy drugs
from UKM.

Wow.

This year's dividend (on last year's savings), at 6.9 % daily rest
is equivalent to 7.143 % yearly rest.

This would mean that the dividend was based on a total of

38,138.90 x 100/7.143 = 533,933.92

This would mean you now have -

$ 533,933.92 + 38,138.90 = 572,072.82

You can also try the Private Retirement Scheme started by Najib in 2012.

If you are between 20 to 30, and you put in at least $ 1,000 by the end
of this year, the government will also put in $ 1,000 for you.

Note that this offer ends this year.

The funds are similar to unit trusts, maybe a little less risky.


http://mypf.my/investing/prs/

https://www.ppa.my/

Several of the banks are managing it.


https://www.cimbbank.com.my/en/personal/pro...ent-scheme.html

http://www.aia-prs.com.my/en/index.html



https://www.fundsupermart.com.my/main/resea...ober-2017--9012

Note they also charge fees.


https://www.ppa.my/prs-providers/fees-comparison/



This post has been edited by Tham: Feb 23 2018, 05:53 PM

I invest 12k in 2014, my dad epf account and now i got 15500. can withdraw anytime i want cos my dad already pass retirement age.

If by age 55 i have 1million in my account 1 i think good enough

Earning more than 4k per month from the average 5% of annual divident

But in 20 years time 4k in 2040 would only worth 2k in 2017 i guess.

Property price wud skyrocketed. Donno in future 1m of property can get what.

Account 2 could only be used to as a downpayment haha

Try best to buy a good long term house in your 30s. And self co tribute as much as you can to kwsp before 55 that is the only way

By 55 you dont need a new car i guess

Can you explain this a little? I would like to know if i can do the same with my mom's EPF account. She is pass retirement age but she is still working.

once the person pass retirement age, he can withdraw or deposite voluntarily into the epf account. The dividend will continue to run until certain age.