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

Oh, thanks!

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

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.

Cannot

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.

FYI
https://www.kwsp.gov.my/member/contribution/i-saraan
Sounds like if you currently have a job with employer contribution, you won't get it.

I just add 10k last month for this year...but not reflected yet...I suppose gotta wait until they update dividend next few days...after that pump in more.