EPF withdrawal for housing
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 Feb 2 2023, 06:04 PM
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#1
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Senior Member
998 posts Joined: Feb 2009 From: Jesse Pinkman's house 
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i’m planning to withdraw to settle down payment
dividend for 2022 is not out yet. will i be eligible for the dividends based on my entire 2022 savings? or dividend will be paid out based on the 2022 total minus the downpayment amount? or will i even be eligible for dividend at all for 2022? This post has been edited by elm0001: Feb 2 2023, 06:04 PM |
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Feb 6 2023, 04:57 PM
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#2
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Senior Member
998 posts Joined: Feb 2009 From: Jesse Pinkman's house
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QUOTE(DragonReine @ Feb 6 2023, 04:37 PM) Dividends are calculated based on your daily aggregate balance as of end of the year. So 2022 dividends are calculated based on balances of the year 2022. thanks for the info! appreciate it Any withdrawal you make now will affect your 2023 dividends (paid on early 2024) and will not affect your 2022 dividends. Your 2022 dividends will still be paid out even if you empty out your akaun 2.  so even if i’ve emptied out acc 2 now, and accumulated some amount from salary in 2023, i still won’t be eligible for the dividend for 2023? |
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Feb 7 2023, 08:56 AM
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#3
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Senior Member
998 posts Joined: Feb 2009 From: Jesse Pinkman's house
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QUOTE(DragonReine @ Feb 7 2023, 07:44 AM) 🤔 I'm not sure if this is what you mean (I haven't had my morning coffee), but withdrawal doesn't mean you're "ineligible" for dividends. It simply means you have less as your daily average is less. The only way to get 0 dividends is if your account(s) has had 0 balance for all days of the year. If even one day has a single ringgit, that ringgit with give a dividend (even if miniscule). ya this is what i was referring to 😅 so as long as the acc has money, i’ll still be eligible for dividends even though i’ve had history of withdrawing / emptying out the acc..The dividends paid in 2023 is for the balance of year 2022. Your withdrawal for this year will affect the dividends paid in the beginning of 2024. got it, thanks!! |
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Apr 3 2023, 04:37 PM
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#4
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Senior Member
998 posts Joined: Feb 2009 From: Jesse Pinkman's house
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QUOTE(theWeird_Weird @ Mar 6 2023, 12:44 PM) oooo. yup this is my first time. hey, trust you already did your withdrawal?need to apply manually coz my bank is not listed in the ewithdrawal site. did you have to make an appointment to epf branch or walk in? my bank is also not listed under the online withdrawal list so have to visit the branch |
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Apr 8 2023, 12:33 PM
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#5
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Senior Member
998 posts Joined: Feb 2009 From: Jesse Pinkman's house
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QUOTE(theWeird_Weird @ Apr 5 2023, 10:27 AM) Can just walk in to the EPF branch. All done within 15mins. sorry i’m confused with the CTC copy. understand it’s certified copy but do i have to photocopy it? or bring the original copy will do?need ur SPA, loan offer letter & loan agreement. All need CTC copy. |
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Apr 13 2023, 11:08 AM
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#6
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Senior Member
998 posts Joined: Feb 2009 From: Jesse Pinkman's house
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QUOTE(theWeird_Weird @ Apr 5 2023, 10:27 AM) Can just walk in to the EPF branch. All done within 15mins. need ur SPA, loan offer letter & loan agreement. All need CTC copy. QUOTE(hanhanhan @ Apr 9 2023, 08:19 PM) photostat from original, get lawyer to ctc it. bring that copy with ctc chop & ori lawyer signature thanks both! done mine in less than 10 mins, very efficient theWeird_Weird liked this post
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Apr 16 2023, 06:28 PM
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#7
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Senior Member
998 posts Joined: Feb 2009 From: Jesse Pinkman's house
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QUOTE(hanhanhan @ Apr 16 2023, 04:53 PM) BTW what reason u use to withdraw? no need any reason cuz i wanna withdraw for first home purchase. don’t think you can apply d since cannot be more than 3 yearsI've been wanting to withdraw to use but my S&p is more than 3 yrs already 😢 |
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Apr 16 2023, 10:41 PM
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#8
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Senior Member
998 posts Joined: Feb 2009 From: Jesse Pinkman's house
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QUOTE(hanhanhan @ Apr 16 2023, 08:55 PM) ah its ok then. i will make another SPA for withdrawal kekw how do you “make” a SPA? |
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Feb 29 2024, 04:21 PM
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#9
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Senior Member
998 posts Joined: Feb 2009 From: Jesse Pinkman's house
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QUOTE(6996 @ Feb 29 2024, 03:54 PM) Hi, just wanted to ask i brought the first few pages of my LO as they were deemed most important as per my banker’s advice. my banker told me the remaining pages of my LO were T&C so not so relevant for application. so what i did was to photocopy those first few pages and submitted to the epf staff. but then i also brought along the original copy of the entire LO just in case. Does the Loan Offer Letter need to be CTC as well? And do I get that from the lawyer too? Wanted to ask you since you've already gotten it done quite successfully  you can ask your banker which pages are the most important for submission. 6996 liked this post
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