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 EPF SELF-CONTRIBUTION

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siawyent
post Sep 10 2019, 02:33 PM

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Dear Sifus,

Would like to ask, my mum is retired, is she eligible to do self-contribution? she already have EPF account, not withdrawn yet.

which date (eg. month end or beginning of the month) would you guys transfer into KWSP via M2U? How long it takes to reflect? When reflected in EPF account, the dividend will start counting from the date of transfer?

Other than M2U, any other bank can do the transfer?

Thank you all in advance. notworthy.gif
siawyent
post Sep 11 2019, 11:47 AM

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QUOTE(zapster79 @ Sep 11 2019, 11:17 AM)
My answers to your questions based on my understanding:
1. Yes, I don’t see why not.
2. I transfer whenever I have excess cash for savings. It takes 2 working days, check your KWSP app. For dividend calculation, refer to this article:
https://1-million-dollar-blog.com/how-to-ca...e-epf-dividend/
3. To my knowledge, CIMB and Public Bank has this feature as well.
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Thanks for the info. Before the self-contribution, need to fill in any form or just transfer from Maybank2u / Pbe?
siawyent
post Sep 11 2019, 01:34 PM

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QUOTE(zapster79 @ Sep 11 2019, 01:32 PM)
No form required if using Internet banking.
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Thanks thumbup.gif
siawyent
post Sep 15 2019, 01:59 PM

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QUOTE(Aghi @ Sep 15 2019, 01:24 PM)
Went to kwsp office today and register my online account. Then made a payment through cimb clicks (choose epf/kwsp option in fund transfer).
Let's see how long it takes to enter my epf account.
FYI, I am a salaried employee and forget to ask them if need to fill up any form to top up epf. Just wait and see if the transaction is successful or not.
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Today Kwsp office open?

Pls post here whether is successful or not, I'm thinking to top up also. thanks.
siawyent
post Sep 19 2019, 03:24 PM

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QUOTE(Aghi @ Sep 19 2019, 03:19 PM)
Just check my account today morning, and the money is already deposited😁. Its under bayaran caruman sendiri. My total is also increase.
So yes, no any procedure. Just go online banking and pay under epf/kwsp. Only need to know your epf account number.

The interest is calculated same way as how ur monthly employer/employee contributions will be. I'm not sure about the calculation. Need to check
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Thanks for the update thumbsup.gif

 

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