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EPF SELF-CONTRIBUTION
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h4r8_kIlLeR
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 Mar 4 2022, 09:00 AM
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Getting Started
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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
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h4r8_kIlLeR
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Mar 4 2022, 02:08 PM
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Getting Started
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QUOTE(SKYjack @ Feb 17 2018, 09:48 AM) 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! lol kesian you unker... borders closed... cannot go anywhere. i pray that this pandemic will end soon... my mother also itching to travel. |
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h4r8_kIlLeR
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Mar 4 2022, 02:12 PM
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Getting Started
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QUOTE(rtk74 @ Mar 4 2022, 11:00 AM) Serious question, boleh choose until 16%? The companies I worked with gave option for either 9% or 11% 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. |
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h4r8_kIlLeR
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Mar 4 2022, 02:15 PM
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Getting Started
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QUOTE(c64 @ Mar 4 2022, 11:25 AM) Oh i didn't know, HR can do this for you? Must tell my niece and nephews! 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 |
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h4r8_kIlLeR
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Mar 4 2022, 08:46 PM
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Getting Started
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QUOTE(c64 @ Mar 4 2022, 05:47 PM) That comment from 2018 is wrong. EPF pays dividend until you are 100. Likely you die first Unless you have injected yourself with the Madey vaccine. lul... then what is the point of all this money if cant spend |
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h4r8_kIlLeR
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Mar 7 2022, 12:01 PM
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Getting Started
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QUOTE(SKYjack @ Mar 7 2022, 12:48 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.  yeah just the other day got news about singaporean couple go cuti... then the wife dies on the 7th day of the holiday. scary |
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h4r8_kIlLeR
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Mar 8 2022, 11:57 AM
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Getting Started
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QUOTE(SKYjack @ Mar 8 2022, 11:50 AM) 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! Offsprings will be grateful. |
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h4r8_kIlLeR
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Mar 9 2022, 10:45 AM
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Getting Started
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QUOTE(SKYjack @ Mar 9 2022, 11:25 AM) Hahaha......they'll go & blow the money. You know youngsters today  Need that new sports car. Need that new gadget. Need to eat at a Michelin star restaurant. Need that 1993 wine. Thank you papa... Haha |
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