Oh. Same with regular contribution split ratio.

Is the RM250 incentive by government going to be reflected with the threshold as well? Anyone have any experience on the incentives ?

RM250 incentive 100% go to account 1

What is syariah EPF?

Nice chart btw

https://mypf.my/investing/retire/epf-historical/




This post has been edited by sweetpea123: Feb 27 2021, 08:18 PM

If you’re bad at actual investment (not the typical simply buy stock here and there type, these type all pasar pagi aunty also doing la), or really really maximising your cash on hand, just stick to EPF, let it be a “forgotten” fund for you.

There’s no denying at least 80% of the people who withdraw EPF money just falls under this 2 category:
1. Really need money to keep on surviving through this tough times.
2. Just to buy ps5/iphone or other unnecessary shit to show off in insta.

Very rarely there’s people who really know how to handle that 10k, or more, wisely.

As someone mentioned, people just cannot comprehend the compounding power. I got ~rm114k from today divident announcement by epf, basically doing nothing. And i still got loads more years of slaving to go before i retire, even then, I won’t take out epf oneshot simply because of how hassle free, low risk it is.

Go google yourself compounding intrest examples yourself, its as magical me telling you, if you could fold a piece of normal thin paper for 42times, it’s thickness will reach the moon by then.

This post has been edited by Spitzer: Feb 27 2021, 11:30 PM

I think you need better friends bro. You are the sum of the ppl around you. I never know of ppl withdrawing EPF willy nilly based on spin. Unit trust agents will of course insert abit of the spin into their sales ptich but their pitch is still mostly based on facts and figures

Based on most of your posting i would think your friends and acquaintances are toxic and bringing you down. Surround yourself with better ppl bro

I did the reverse. I told them not to listen to stupid politicians. Well, someone has to do it.

Epf website down. need to check again. =(

yes, I treat it the same, Forgotten fund


Pity him, he must be real lonely and needed the attention.

you got 114k from dividend announcement and still need years of slaving?

Macha.. i’m not even close to retirement age... of course alot more year, or decades to be a slave la, as much as i wish i’m some big time business owner, i know i’m just a small kitten compared to all the business chain owners. Also, the 2mil or so in epf that’s untouchable anyway, cannot even be used to outright buy my current property weh...

But the company pays very well, and has an incentive to topup malaysian epf% from employer side, so all’s good - until the day i get a fat check from redundancy

Something is wrong with their online system.

I tried to log in last two days. I had a shock when
it said my account "had been deactivated", then
instructed me to change the password.

When I clicked on "Request TAC" to do that, the
whole page turned blank.

After trying twice with the same result, I dared not
do it again, or else their system would block me.

I called one of their officers, and he said the system
could be down as they were making the dividend
adjustments. He told me to try again the next day.

I tried again the next day on their mobile app,
and it again said " Your account had been
deactivated because you keyed in the
wrong password ", and directed me to change
it again.

I was sure I had typed in the right one.

Anyway, I changed it, and finally managed to log in.

The same thing happened to me but now it's okay already.
Yeah, must be their system down due to the dividend paying .

i just round up to 120k la...
10k a month ...that's already a dream retirement money for like super majority of folks man...

great job to you.... moving forward, not really gonna slave anymore la...i think you can choose what you want to do as work...i think you are already super close to financial freedom (if you yourself think you're not there yet)....

Manage to log in, when i check my statement, "service interrupted" appear and the whole page went down...haih...

Thanks for the information.

Yes, I was wondering how come it kept saying
I had entered the wrong password when I had
never changed it before that.

Luckily I managed to change to a new password
and logged in.

Since you are still young, and earning such a high
salary, you should put in as much while you are still
in good health, say an extra $ 2,000 a month.

And since they give you a very good incentive to
ask your employer to contribute extra to your EPF
as well, why don't you get them to do so ?

You must be in a very high management position
to get such an incentive.

And I thought you can use Account One to buy
a house ?

Few people in the country have over two million
dollars in EPF.

I have one-tenth of that. Barely surviving
on monthly withdrawals, eating instant noodles
whenever I can.

The interest is going down further and further,
ever since those Pakatan clowns came in and
messed up everything.

I am going to have to reduce my withdrawal further
this year.

Not only did those Pakatan bums cause the EPF
interest to go down, they did that to Najib's BR1M
as well.

Najib was about to increase my BR1M to $ 2,000
just before the election. When he lost, that conman
Lim Guan Eng wanted to revoke the whole scheme
(he had given false promises to carry it on when
campaigning), giving flimsy excuses that the
Goverment had "no money".

Politicians .... will always be politicians, aren't they ?

After the public, especially the poor in Sarawak who
were dependent on BR1M to survive, had made an
uproar, the damned weasel grudgingly gave only
half - $ 900. The younger guys still working were
given peanuts - $ 100.

If Najib was still around, he would likely have raised
my category to $ 3,000 by this time.

Does any one know if the Limit for VOLUNTARY/SELF CONTRIBUTION:-

[Maximum (RM only)
RM60,000 yearly for all Voluntary Contribution
(Self Contribution, i-Saraan, i-Suri,Top-up Savings Contribution - effective January 2013)]

Resets annually on January 1st, or based on our date of last Voluntary Contribution?

Eg.: (is it A or B? )
A. I voluntarily put 60K in June 2020, can I put another 60K from Jan 2021 onwards?

OR

B. I voluntarily put 60K in June 2020, i have to wait until June 2021 to make another placement?

Appreciate the response(s), thank you.

A