I invest 12k in 2014, my dad epf account and now i got 15500. can withdraw anytime i want cos my dad already pass retirement age.
EPF SELF-CONTRIBUTION
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 Feb 21 2018, 09:11 AM
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Feb 22 2018, 01:57 PM
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QUOTE(lonestar2017 @ Feb 22 2018, 01:33 PM) Can you explain this a little? I would like to know if i can do the same with my mom's EPF account. She is pass retirement age but she is still working. once the person pass retirement age, he can withdraw or deposite voluntarily into the epf account. The dividend will continue to run until certain age. |
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Feb 23 2018, 11:41 PM
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QUOTE(Tham @ Feb 23 2018, 05:38 PM) If you and your dad do not really need the money now, thanks sifu.. but do you know is there any rules state that once the person reach certain age then no more dividend any more? I suggest you leave it in the EPF as long as you can. After 15 years, based on an average dividend of 6.19 %, you will have almost $ 40,000. Compound interest drives up your savings very fast. http://www.calculator.net/interest-calcula...it=0&x=113&y=16 If you could also put in an extra $6,000 every year, you will have $ 192,000 . http://www.calculator.net/interest-calcula...tit=0&x=99&y=25  The interest in EPF is compounded by daily? This post has been edited by prozdennis: Feb 23 2018, 11:44 PM |
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Feb 25 2018, 02:15 PM
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QUOTE(Tham @ Feb 24 2018, 12:37 AM) EPF dividends will continue to 100. pro http://www.kwsp.gov.my/portal/documents/10..._19.07.2017.pdf http://www.kwsp.gov.my/portal/documents/10...71_20062016.pdf http://www.kwsp.gov.my/portal/en/news-list...DetailPage=true Yes, EPF dividend is calculated on daily rest. This year's dividend of 6.9 % is actually equal to 7.143 % annual rate. http://www.calculator.net/interest-calcula...tit=0&x=92&y=17  i think i should use your advise.. each year deposite my money into my dad EPF account.. btw, the most accurate of timing to deposite the epf is when or after they declare the dividend right? So my gain from this investment can be calculated accurately |
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