Did they change their stance since this news?

Lets say once you are retired, no more income. Not doing any investment etc. Would you still continue putting money in EPF via Self Contribution? Its either FD or EPF.

Yeah if tiered then dont want la haha...
Actually what I am thinking is I have got FDs and right now they aint paying much. I want to take out and put in EPF as much as possible.
If tiered dividends comes along then ma take out lor if FD rates is better than Tiered

Reason - EPF safer and more interest compared to FD

Why mods sus good content provider

See the title already boiling mad
https://www.freemalaysiatoday.com/category/...members-richer/

Among the proposals was having the withrawals as "interest free loans." So, dividends is paid on the withdrawn money too. LoL.

This is cooking the ledger... interest paid to non-existing money.

Since there is no proposed deadline when the withdrawn 'loans' must be returned back to EPF, we should be more adventurous and give everyone future "imaginary loans".

Give everyone an "imaginary loan" of 200k for their future earnings. So, 200k added into each account, but the 200k is non-existent.

This would be better than the initial proposal, because more dividends will be paid on the non-existing 200k than on the non-existing 10k that have been withdrawn.

Brilliant!

Yes better leave as much as u can in epf n use other money with low returns unless u have better investment but at 65 i doubt there is any others with epf's risk factor.
After wothdrawal then want to put it back it will be limited to 60k/year.

Offsprings will be grateful.

Recently I read a comment in fb at kwsp about this 50 year old that died of Covid. The step dotter whom he had named as beneficiary had problem getting the money….here is the rest of the comment. How can one person have two epf acct? Doesn’t makes sense but had me worried.

yeah i think so too.

Okay here is another one - lets say a couple with no children. Husband left 100% to wife but both died. According to EPF's FAQ, it says "If the nominee passes away before the death of the member, the member’s next-of-kin is eligible to apply for Death Withdrawal. But, if the nominee passes away after the death of the member, the nominee’s next-of-kin is eligible to apply."

Like that who can claim the Death Withdrawal? Husband's next of kin or Wife's next of kin? And what if the nominee has no next of kin?
Will "last will and testament" take over?

yeah i think so too.

Okay here is another one - lets say a couple with no children. Husband left 100% to wife but both died. According to EPF's FAQ, it says "If the nominee passes away before the death of the member, the member’s next-of-kin is eligible to apply for Death Withdrawal. But, if the nominee passes away after the death of the member, the nominee’s next-of-kin is eligible to apply."

Like that who can claim the Death Withdrawal? Husband's next of kin or Wife's next of kin? And what if the nominee has no next of kin?
Will "last will and testament" take over?

Yea, may need to run to their office once. You also plan to do it for your parent?

If I performed Self Contribution, the money will be transferred to my Akaun 1 only or they will split into Akaun 1 and Akaun 2?

Cash only, good question, i didn't ask about cheque, sorry about that.

Yea, online transfer is easier but my parent, not tech savvy.

The thing is, even if wanted to withdrawal, we can’t withdrawal out. And it is by law , EPF is mandatory for employees in Malaysia. Basically, like it or not, they can do whatever they want