Nov 28 2018, 04:18 PM
QUOTE(David_77 @ Nov 28 2018, 02:59 PM)
I’m sure the data from EPF on the balance of the members’ accounts are accurate.
But the maths seems weird. Assuming 30 years of working, to hit RM196,800, it would means 547 per month.
As 547 is both employee and employer’s contributions @ 11% and 12% respectively (is the rates correct?), the employee’s portion is 261.
Inverse it, gross month salary is 2378.
I have not factor in bonus and EPF dividend. So with that in, gross monthly salary will be even lower.
Are we saying majority of the people earns less than 2378 per month?
taht is considering you did not take out account 2 for anything. usually, everyone takes some out for house or pay loans.But the maths seems weird. Assuming 30 years of working, to hit RM196,800, it would means 547 per month.
As 547 is both employee and employer’s contributions @ 11% and 12% respectively (is the rates correct?), the employee’s portion is 261.
Inverse it, gross month salary is 2378.
I have not factor in bonus and EPF dividend. So with that in, gross monthly salary will be even lower.
Are we saying majority of the people earns less than 2378 per month?
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