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 EPF SELF-CONTRIBUTION

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Cubalagi
post Mar 6 2023, 09:23 PM

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QUOTE(BrookLes @ Mar 5 2023, 10:37 PM)
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?
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No one forced you to take our your EPF funds and move into a private unit trust. The question is then why u did it?



Human Nature
post Mar 6 2023, 10:31 PM

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QUOTE(chupapi_munyayo @ Mar 6 2023, 08:24 PM)
If I put 300k or more into epf this year and wait till next year get dividends
Then apply withdrawal from account 2 boleh?
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Tak boleh. Max is 60k per year
rubrubrub
post Mar 6 2023, 10:53 PM

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QUOTE(BrookLes @ Mar 6 2023, 08:13 PM)
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
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he posted a screenshot. it's from i-invest.

hmm.. do elaborate further on the bolded part
SUSBrookLes
post Mar 6 2023, 11:57 PM

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QUOTE(Cubalagi @ Mar 6 2023, 09:23 PM)
No one forced you to take our your EPF funds and move into a private unit trust. The question is then why u did it?
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Where did I imply that I did it
You have a reading comprehension problem?
SUSBrookLes
post Mar 6 2023, 11:58 PM

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QUOTE(rubrubrub @ Mar 6 2023, 10:53 PM)
he posted a screenshot. it's from i-invest.

hmm.. do elaborate further on the bolded part
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I have already explained in the 2nd part of the post.

You proved my point.
rubrubrub
post Mar 7 2023, 12:33 AM

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QUOTE(BrookLes @ Mar 6 2023, 11:58 PM)
I have already explained in the 2nd part of the post.

You proved my point.
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Oh i see. It's just that it's hard to understand what you're trying to convey through your broken English. Oh well...
SUSBrookLes
post Mar 7 2023, 12:56 AM

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QUOTE(rubrubrub @ Mar 7 2023, 12:33 AM)
Oh i see. It's just that it's hard to understand what you're trying to convey through your broken English. Oh well...
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Sure it's broken.

Like I said. You proved my point.

All I know is you dunno shame.

So I wonder how broken my English is this time? Hope you can decipher my broken English. But if you can't then you can always take comfort in that. I know how messed up ppl are these days anyway.

This post has been edited by BrookLes: Mar 7 2023, 12:58 AM
rubrubrub
post Mar 7 2023, 01:30 AM

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QUOTE(BrookLes @ Mar 7 2023, 12:56 AM)
Sure it's broken.

Like I said. You proved my point.

All I know is you dunno shame.

So I wonder how broken my English is this time? Hope you can decipher my broken English. But if you can't then you can always take comfort in that. I know how messed up ppl are these days anyway.
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lol, remember to take ur pills
SUSBrookLes
post Mar 7 2023, 01:46 AM

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QUOTE(rubrubrub @ Mar 7 2023, 01:30 AM)
lol, remember to take ur pills
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Sure. I am taking lots of them now.
So how is driving grab btw? Fun. I know it does not pay that much but I can probably try. But you probably have fun driving every day right?
rubrubrub
post Mar 7 2023, 01:51 AM

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QUOTE(BrookLes @ Mar 7 2023, 01:46 AM)
Sure. I am taking lots of them now.
So how is driving grab btw? Fun. I know it does not pay that much but I can probably try. But you probably have fun driving every day right?
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get well soon thumbsup.gif
KIP21
post Jun 3 2023, 09:33 AM

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Self contribution can be now 100k per year. Just checked.

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