When is EPF declaring dividend for 2022?

probably early march like most years

Not just management fees but your hard cash been turned to "units" with rates of units controlled by them with minimum transparency.
EPF is simple.. cash base, not structured products like unit trust.

I trust EPF more than unit trust.

The time for you to open the app and collect that 1 sen is probably worth more then 1 sen already.
And there are way better ways of collecting coins then that 1 sen.

Buying from shopee is still cheaper then buying outside to be honest.
If you also consider the other benefits.

You should ask your friend to sign a guarantee that your returns is higher or equal or even slightly lower then EPF by 0.2%.
Your friend will pay you the difference if it's not.

BTW, is the news allowing withdrawal of 500 monthly from EPF true?

No more in touch with her. amoi so I layan layan a bit

May I know, is there any difference in terms of amount of interest gained if I self contribute on first day of the month vs last day of the month?

I read somewhere that interests are compounded daily, but at the same time there are also articles that say it's compounded based on the amount you have on the last day of the month.

The rate of return mentioned by the unit trust and the insurance company is actually not guaranteed. They are all calculated assuming that the best performance is achieved every year.

If amount deposited is credited b4 1April(ie in March) u will get 1 day of dividend for March + 9 months for 2023.
However if it is credited in April, we will get 1 day for April + 8 months for 2023

You still dun get my point. But its ok.

Thank you for your clarification. So indeed it is based on last day of the month since there is one day of interest gained for the month we managed to get our deposit credited.

Pls don't bother to withdraw your epf and put inside PB mutual. Don't get con by all this sweet talkers UT. At the end, epf compounding interest beats the UT. It was my best decision to liquidate all my f up UT and move back to epf.

may i ask, how much u lost?

Abt 8 to 10k when I sold off everything. I haven't include the opportunity cost if I didn't withdraw abt 10 years ago.

I am sure this 8 to 10k did not include the interest you would have gain.

Tells me how unscrupulous banks are to steal money from EPF. They probably have earn lots of fees through this. And the government is obviously encouraging them by allowing them to do this. I bet the government gets a share of the fees as well. Or even corrupted officials that allows this.

So my question is, is EPF really effective as a fund for old age if say government allows people to put their money into those kind of funds? And I am also sure that those funds charge a high service fee. In fact, I am pretty sure their service charges is even higher then non EPF type of funds. Is this even ethical?

One more question. If I think that FD is going to be higher in say 1 -2 years time. Why am I not allowed to put my EPF money into FD. Is it because FD does not charge as much fees as those kind of funds?

And this begs the other question. People here claim that EPF money is used for EPF investments. But if I used my EPF money to buy mutual funds, is it really still part of EPF investments.

So the question is, is EPF really for retirement funds?

This post has been edited by BrookLes: Mar 5 2023, 10:42 PM

i saw someone in /k made a hefty unrealized profit, about 40%, off manulife india tho

I agree with you, my experience of more than 10 years and nearly 20 years is also that the return of EPF is better than that of UT. 😪

I doubt it's for epf related ut.
Sorry to say. Malaysians has got to be one of the most unsophisticated out there. There was a retirement fund that was advertised that gave very bad returns. Only thing is, they could get tax break. The investment firms would not have tried this in other countries that I have to say

If I put 300k or more into epf this year and wait till next year get dividends
Then apply withdrawal from account 2 boleh?