Hi All,

Have a quick question on self contribution for EPF.

I came thru across below statement in EPF portal. Does that mean if we want to deposit in money to EPF to earn the dividend. Max per year we only can put in 60k?

==========================================

Payment Limit

1. No minimum amount (only in Ringgit); AND
2. Maximum of RM60,000 yearly effective January 2013.

The accumulated maximum limit for Self Contribution, the i-Saraan (previously known as the SP1M) and Top Up Savings Contribution is RM60,000 yearly.

==========================================

THanks

This is i-Saraan is meant for those who currently don't have EPF especially freelancer and work on themselves.

Ahh ok, how about for those already have epf account with age over than 60 . Can they deposit in the money at their EPF account to earn the dividend?

If yes, is there any limit transaction per year? Or any else limitation.

Thanks

Yes. max RM60K/Year

So 60k per year regardless any amount in the EPF account itself right?

How the payment made? At the office itself with bank cheque? Or there is online transfer method?

can roughly base on this for maybank m2u...

http://www.misterleaf.com/9782/epf-self-contribution-online/

or this

https://forum.lowyat.net/topic/4437785/all

This post has been edited by cybpsych: Mar 1 2019, 12:08 PM

Till 75 yo, above that no more divident given to the all the money u got inside.

I think there is no age limit for the epf contributor to receive the dividen now.

True or not? dont simply say la fren...why should EPF chase $$$$$$$$ from its pocket ???

I did additional contrib fr CIMBclick on 25.2.2019 9.00am, reflected in KWSP online dated 26.2.2019 . 1 day lapse quite good.
easy and convenient unlike the hassle of ASX captcha.

curious if exceeded RM60k what happened to excess- no dividend?
money returned to bank?

No dividend given I believe.
Money sure won't return to the bank!

If you self contribute, can this be withdraw anytime or still have to wait 55 years old?

Should be still subjected to withdrawal condition.
That's the purpose of government offered that to those who don't have EPF.
Otherwise if can simply withdraw, it'll defeat the purpose right?

sure cannot withdraw la,
masuk anytime, keluar ada syarat.

True or not my friend u can verify with kwsp. The info from kwsp officer unless he is wrong la. There r just too many kwsp money without nominees, so many pass away. For those 75 yo and above, they allow u to keep ur money in, n put some more, but no give u divident liao. As long as u happy and can live longer no harm u wanna keep inside one. But problem when some kwsp owner pass away, that is the real headache since they have to handle the money properly. Malaysian median age of life span is around 78 for female n around 74 for male.

EPF would not pay any dividend for all our money in there when we reach 75yrs old?
then sure must remove all out.......EPF chase old people away.......

EPF PAYS DIVIDEND UP TO AGE 100

The Employees Provident Fund (EPF) wishes to clarify that an old statement about EPF dividend payment until age 75, which is circulating primarily on WhatsApp as well as on other social media platforms is no longer applicable as it is outdated.


http://www.kwsp.gov.my/portal/documents/10..._19.07.2017.pdf

This post has been edited by MUM: Mar 1 2019, 07:36 PM

Just curious. If you are retired (at any age) and no longer work and don't earn any income, can you still do self-contribution to EPF (subject to the maximum of RM 60k).

Source of fund could be from FD interest or kids giving pocket money.

Hi. I have a question.

My ma got EPF account but she had fully withdrew all the money from the account many years ago

Is the account still active?
Can I monthly contribute to the account and how can I do that?

Can. If get questioned, make sure can justify source of money.

Call EPF and ask if account still active. Make sure nomination is what she wants also.

Maybank2u can. Other banks I haven't explore.

Thanks for the heads up.