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 EPF SELF-CONTRIBUTION

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romuluz777
post Aug 19 2019, 08:06 PM

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QUOTE(wym6977 @ Aug 13 2019, 12:31 PM)
For EPF balance above 1 million, is it true that amount above RM1 million is only entitled minimum dividend 2.5% only? I remember read somewhere in the forum but cant find it again.. Hope any EPF "millionaire" can share their experience..
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This is not true at all.
romuluz777
post Feb 26 2021, 07:19 PM

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QUOTE(BboyDora @ Jan 30 2021, 08:43 AM)
ok thanks. when is the dividend declared?
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Agaknya besok
romuluz777
post Mar 30 2021, 01:26 PM

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QUOTE(Mervin1234 @ Mar 30 2021, 02:04 PM)
after acceding 1 mil in EPF account. do they allow you to make withdrawal few times a month ? or is there a limit of how many withdrawal within a month ?
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No limits.

The only obstacle I foresee is if you are able to obtain an fast appt with the EPF office for the thumbprint thingy in the even of a withdrawal of >$30K
romuluz777
post Mar 30 2021, 05:12 PM

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QUOTE(Mervin1234 @ Mar 30 2021, 05:47 PM)
ok, i understand that above 30k, i have to make appointment for biometric. if below 30k, can the application be made online and bank-in direct to the owners account ?
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For the maiden application for withdrawals of less than 30K, then you need to make a trip to the EPF office for the thumbprint. Any subsequent withdrawals you can do it online and payment goes direct to your savings acct.
Unless w/d amount is more than 30K then the thumbprint thingy is needed every time for verification, even though the application submitted online.
romuluz777
post Jan 6 2023, 11:39 PM

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QUOTE(Mike3 @ Jan 4 2023, 10:48 AM)
what is the interest rate after Rm1 mil. i cant seem to find it thx.
i heard is low or 0
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You heard from whom ? Or where ?
romuluz777
post Jan 7 2023, 12:17 PM

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QUOTE(East is Rich @ Jan 7 2023, 12:13 PM)
Ya. I need to change. Cos each time I open shopee, I will have the urge to buy this buy that. Omg. It's Neverending urge. Dunno got meds to cure this addiction or not.
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Uninstall all e-shopping apps from yr fone and computer.
romuluz777
post Jan 7 2023, 12:22 PM

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QUOTE(prozdennis @ Feb 25 2018, 03:15 PM)
pro  rclxms.gif

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  hmm.gif
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Just contribute the extra cash whenever its available and you dont hv any use for it. No point trying to pick the right timing as the difference in dividend gains is negligible unless you are dealing with a few hundred Ks or even millions here.


 

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