Thanks for this thread.

Man... I lost 10 years of compounding dividend since I left my Malaysian job.

Well, need to invest 60k per year from now on..

May I know how long does it take for the EPF contribution to show in your EPF account after you have done the transfer via online banking?

2 working days.

Deposited Monday. Reflected now.

Hi i want to ask.

I have been VSSed recently and planned to semi-retire. I don't understand this Self contribution thing.

Example: If my EPF this year(from employer and employee contribution) so far is RM 25,500. Does it means i can only top-up RM35,500 for the rest of this year for a total of RM60k?

I read at website, once reached 55, you can:
So this means auto-payment monthly from dividend only i suppose?

Anybody here is living off dividends or planning to do so?

I am planning to top up until reach RM1 million by 55. Sure the hell beats useless FDs!!!. I am planning to live off the EPF dividends and my other passive incomes.

Also, if you put in money to EPF after 55, i read it goes to the Age 60 account, in which case you can't withdraw the money until 60 years old?

This post has been edited by NB01: Aug 19 2020, 11:59 PM

I cant answer the second part, for your first part, above...say your epf contribution fro your office rm25k. You personal contribution is still max at 60K, immaterial of your office contribution. so for the year you would have 25K + 60K. hope that clarifies

Oh, thanks!

Now i will just top it up till 55 and then eat dividend from it.

You go maybank2u website. At the bottom right. Choose back to classic maybank2u.. then you go to investment n choose EPF.. choose EPF open payment, n choose epf accout type = self contribution

3 more months to year end. I hope everyone has maxed out self contribution in rewarding your future self when you retire.

Happy Friday!

Any crystal ball can see how much interest rate declare for 2020?

I'm looking at a 5% or so. But I've been more optimistic than how situations are. So it maybe slightly lower.


Agree, also stack up bullets ready for any once in a life time opportunities..but the overall motto is save save save save save during this tough times.

They say the same thing every year, we'll just need to be more aware of what's going on and grab opportunities when they come.

i just did a i saraan contribution for my spouse to try to take this 15% (or RM250) "free" given by Govt

more details
https://www.kwsp.gov.my/en/member/contribution/i-saraan

Actually this isaraan and voluntary self contribution very confusing. EPF told me no difference except for that RM250 extra Gov give as ang pow.

Then why not just stick to one voluntary self contribution and gip the RM250 there??

Now i have money in both.

Isaraan can register online or not?

Cannot

If I no submit form, my payment via Maybank will go thru or not if I choose i-saraan?

It'll still go through.

Thanks for the valuable info in here.

AFAIK, if you don't create your i-Saraan at EPF, you don't have the account. Check with EPF lah, i am not EPF customer service.

Then the incentive RM250 still have or not?