During my earning years i deposited whatever additional cash i had into EPF. My plan was to retire with a handsome sum & live comfortably off the devidant.

Now at 69, live well,travel, even bought a new car a few years ago. EPF will stop devidants on my account when i reach 75,which is not too far away.

Will decide what to do when i come to that bridge!

This post has been edited by SKYjack: Feb 17 2018, 08:55 AM

Yes I did self contribution during the last 10 years of working life.

Actually I went overseas to work, so that I could afford to educate my children, as I am a non bumi, no handouts! 5 years on overseas, realised my EPF was too low to sustain a quality of life I needed when retired. Apart from compound interest there was no contribution. The moment my children finished Uni, I started self contribution and built up a tidy sum.

Was rather disapointed last years interest by EPF, that was very poor show. Glad to note this year will be above 6%. Glad to hear EPF has changed it policy on interest payment to age 100. Stopping interest payments at 75 was too early. PPL are living healthy lifes beyod 75! Is self contribution still limited to 60K/year? I can't understand the logic here!

Tq for the websites! Will be reading those to update myself.

This post has been edited by SKYjack: Feb 18 2018, 11:38 AM

I was working the last 20 years overseas. I could deposit whatever amount I wanted into my EPF account via Maybank.

If you already have EPF account then it easy.
1. Register for EPF online account. This can be done at home on your computer.
2. At your Maybank online acount , register this online EPF account details.
3. Done!

Every month you can contribute on your own, now max is $60K a year. Previously there was no limit. I remember depositing $200K , when I got my gartuity.

Just found out age limit has been rasied to 100now! Thats great news! As I'm 70,was very concerened as previously, interest will stop at age 75!

This post has been edited by SKYjack: Dec 4 2018, 12:00 PM

Tks adek for your good wishes. At least interstate travel opened. So happy,spent 3 weeks in Penang with grandchildren.

I also waiting for overseas travel. But I think that is going to take much longer. Even if open,still scared with new covid variants coming up. Have to wait till a total solution is found.

I also just found out EPF carrys on till 100. But they allow to withdraw at 55. I with drew 90% at 65.

From experience I'd strongly suggest don't withdraw, especially if you have a good amount. If amount is a $Mil or more, EPFs dividends are more than sufficient to live a good quality of life. Just fill the beneficiary column & live hassle-free!

Hahaha......they'll go & blow the money. You know youngsters today

Yes this is true. I now want to put back the money, cos at 72 don't want to take any more risky investments. It will take me 20 years to put back. Dont know if I'll live that long....

This post has been edited by SKYjack: Mar 9 2022, 10:40 AM

Any non bumi allotment? If got, I certainly will be interested. How best can I enquire on this & TQVM!