You can take out everything.

EPF will always have money because the young is 'paying' for the retired. Unless the young stop contributing, then yes, we have a problem.

Same with banks. If all depositors dont withdraw, they wont have problems.

Yep,. Exactly. Fear Mongers has been singing the same tune since Unker started working. Now unker almost retired, fear Mongers still singing same song. I know retiree who have tons in their EPFs. And they don't even need to touch their principals and just live on dividend can get comfortable life.

Better for fear Mongers to keep their money under their bed and more EPF for the rest of us. Huat Ah!

Same here bro. Already can take out Acc 2 if needed to. Now just hentam self contribution until 55. After 55, the further contributions will get stuck another 5 years till 60 in Akaun Emas, that I am not keen. Not planning to self contribute anymore after 55.

from the moment i first started working at the age of 24yo. my mom already told me to self contribute 16% of my salary. my first paycheck was rm3500... so thats 560/month

recently i bought a house. at the age of 28yo. my account balance is 77k. to ease the burden of monthly installments i changed my contributions to a measely 11%. i was tempted on taking the 9% minimum but i have a feeling its too small of an amount. now at a paycheck of 6555 my contribution is 721.

oh i also have 250k on the side in my asnb 140k loan + 110k (my mom injected bit by bit from since i was a baby + my own contributions)


hopefully i dont fuck up

Serious question, boleh choose until 16%?

The companies I worked with gave option for either 9% or 11%

no need to be too negative

Yes, you can choose more than that.

Fill up this form

PILIHAN CARUMAN LEBIH


Your employer / HR needs to sign it. Best if you take the initiative yourself and sent it to EPF , and they will give you an acknowledge form. Give the acknowledgement form to your HR, EPF will contact your HR , and usually they will start deducting in 1 or 2 months time.

If I remember correctly , the maximum contribution is 50% (or 55% ? ) of your gross salary. So if your employer is paying 13%, you can opt to pay your employee portion up to 37%

This post has been edited by Chrono-Trigger: Mar 4 2022, 10:33 AM

Self contribute 16% of his own salary lah. 100% also can. As long per year < RM60k. If you put in more, the money will get tendang balik to your account. LOL.

This post has been edited by c64: Mar 4 2022, 10:24 AM

Oh i didn't know, HR can do this for you? Must tell my niece and nephews!

This post has been edited by c64: Mar 4 2022, 10:26 AM

edited

This post has been edited by Chrono-Trigger: Mar 4 2022, 10:35 AM

My view is 60k reinvested in epf in these days is a little waste


Invest in crypto is better

Caruman melebihi kadar berkanun

If I remember correctly, maximum is 50% ( or was it 55%) of your gross salary.

HR usually don't bother to do it for you as it involves a lot of paperwork.

In my case, I took the initiative to fill up the form myself, sent it to my boss to sign and approve, and submit to EPF manually. EPF gave me the acknowledgement form, and I sent it back to HR for their record and action.

Good luck.

This post has been edited by Chrono-Trigger: Mar 4 2022, 10:38 AM

Thanks man, I think I fill up something similar for 11%

My employer ady paying 16%
So OK lah

Nope. It depends on many factors. Your age, your total portfolio, your risk appetite, and your overall retirement plan.

If i can already hit my target, there is no need for me to risk cryptos in my portfolio. Just put a little bit to play is ok. treat it like lottery ticket. IMO, unregulated cryptos will sink once every gov has their own regulated cryptos.

lol kesian you unker... borders closed... cannot go anywhere. i pray that this pandemic will end soon... my mother also itching to travel.

you see borang KWSP 17A (AHL)

" © PENGESAHAN PILIHAN AHLI/PEKERJA

1. Saya dengan ini membuat pilihan untuk mencarum melebihi kadar berkanun bagi syer pekerja sebanyak
a) XX . XX %
atau
b) RM XXXXXXX . 00
berkuat kuasa untuk bulan caruman XX tahun XXXX "


that percentage can tukar to anything you like.

yes my admin tolong... i just tell them i want 16%... then they do research and ask me fill up the borang and pass to them

There is a high possibility you are still young... risk appetite will go lower once u age more... imagine putting in money at 60k btc price and now stuck at 40k+... if young and got time to hodl then ok...

how about contribute to PRS? the difference is it's not forced savings

Isn't PRsmS just like typical.unit trust fund? Purpose of PRS mainly to lari some Cukai only.