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 EPF - self contribution, need advise

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CommodoreAmiga
post Oct 13 2023, 05:53 PM

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QUOTE(ronnie @ Oct 13 2023, 01:43 PM)
cancel all subsidies... savesonglap  billions and give as dividend in EPFto cronies better.
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FIXED
CommodoreAmiga
post Oct 16 2023, 10:48 AM

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QUOTE(Wedchar2912 @ Oct 15 2023, 08:10 PM)
sumbangan tunai rahman.....
I just call it BR1M... or gov's donation to us B40 people....

although at first I thought it was to bonus point to my character's STR attribute.... need more VIT and AGI too. haha.

our gov spends too much time making up words instead of focusing on solving real issues.
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Because the real issues can't be solved. Regardless which Gov or PM. I blame the majority vote bank for this. Every gov needs to please this group. Hence, there is no way to solve any issues. And over the decades, bad policies were made to please these group, now, there is no turning back. The vicious cycle just get from bad to worse. FINAL DESTINATION IS INEVITABLE.

This post has been edited by CommodoreAmiga: Oct 16 2023, 10:49 AM
CommodoreAmiga
post Oct 16 2023, 12:45 PM

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QUOTE(Wedchar2912 @ Oct 16 2023, 11:48 AM)
I don't think anyone else could have said it better... we have passed the point of no return.... the hope now is just slow decay within our lifetime and maybe our kids' lifetime. That would allow some or many of us to plan our exit path (for older people like us, death is a exit path).

nowadays, I don't even ask anyone to return to Malaysia to work anymore, not like 10 to 15 years ago. I just tell people Malaysia is a great place to retire and spend one's retirement money. Those who love traveling, use Malaysia as a base to rest and reenergize before the next travel: soak up the cheap food and affordable medical treatment/doc visits and medicine.  biggrin.gif
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Yep, old folks.like us is ok, just tunggu mati jer. Young folks who has found good job and career overseas...if you come back here, you really are sei sohai disgrace to ancestors.
CommodoreAmiga
post Oct 16 2023, 01:41 PM

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QUOTE(MGM @ Oct 16 2023, 01:14 PM)
Off topic, for those whose children all migrated, how u want your dead body handled, ashes to the sea/earth or burial in MY?
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I already bought condo for the afterlife. The other day my insurance agent even tries to sell me farewell package complete with monks/priest religion of your choice for farewell party when you dieded. I decline. WTF, why I need to give you money now if I bye bye 20 years later. Apa benda also got now.

CommodoreAmiga
post Oct 16 2023, 02:33 PM

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QUOTE(romuluz777 @ Oct 16 2023, 01:46 PM)
These farewell package, if buy now and later change religion, can the package be amended ?
Sorry for digressing from ori topic
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I dunno. I told my insurance agent ayam not interested. LOL. But he said himself bought 3 pakages....Christian, Buddhist and Tao i think. So scare until sapu all religion. WTF.
CommodoreAmiga
post Oct 16 2023, 02:55 PM

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Yeah yeah, back to topic. Sorry for suddenly divert topic.

CommodoreAmiga
post Oct 18 2023, 08:16 PM

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QUOTE(nexona88 @ Oct 18 2023, 05:54 PM)
well...

what I know & people sharing stats...

99% of lowyat forum members / account is own & operated by Males...  few of them actually Female... one of them is Red Tag member... So don't play2 with them. later get free "holiday" tongue.gif
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There is no such thing as "Female" in lowyat forum. It's the Universal truth.
CommodoreAmiga
post Oct 19 2023, 12:29 PM

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QUOTE(MGM @ Oct 19 2023, 12:13 PM)
May be the delay is due to stricter qualification process?
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Maybe check LHDN if you truly have no employer EPF contribution.
CommodoreAmiga
post Oct 20 2023, 11:21 AM

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QUOTE(nexona88 @ Oct 19 2023, 12:40 PM)
This what I'm saying from start...

Got people not qualified still getting the $$$...

And some nuts cases would ask what / how they check. On what basis?

How do I know... EPF might have different requirements... MoF might have different sets of rules....
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The only requirement is people not Getting employer contributions for the last 12 months. Not hard to check. Don't speculate so much lah. One line of SQL can pull out that data already. Another new criteria now is max RM5k. I don't think anyone hitting that yet because that will need over 10 years based on previous RM300 limit.
CommodoreAmiga
post Oct 26 2023, 09:37 AM

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QUOTE(virtualgay @ Oct 25 2023, 03:54 PM)
This is a PA

Time to prepare your 💰 money for next Monday 30th October
If scare got issue then Friday can masuk
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2 days only wor...like very risky.
CommodoreAmiga
post Nov 25 2023, 01:50 PM

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QUOTE(koaydarren @ Nov 25 2023, 12:42 PM)
The statistics is not accurate at all. Do you know how many are actually paying tax and epf in Malaysia? Some without EPF have more than a million as FD or equity.
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Yep, not all low EPF are poorfags...but there is probably a lot of them are really poorfags

At 55, with less than 10k in EPF and nothing outside, then can 14th floor or continue to work till die.

Laws of Capitalism.
CommodoreAmiga
post Dec 4 2023, 09:43 AM

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QUOTE(contestchris @ Dec 3 2023, 09:32 PM)
Has there been any announcement on EPF Account 3?

Will those of us who want to remain on the current system be forced to adopt Account 3?
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I read somewhere it will be announced in February.
CommodoreAmiga
post Dec 4 2023, 12:07 PM

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QUOTE(ronnie @ Dec 4 2023, 10:31 AM)
Oh, I must have read wrongly. Thanks!
CommodoreAmiga
post Jan 1 2024, 10:52 AM

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QUOTE(nexona88 @ Dec 31 2023, 12:36 PM)
Yes.

2024 onward is rm500

See the updated date on top left....
It's the latest information
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One thing though...lifetime incentive is limited to RM5k now...last time no limit. So this limit count from start or start this year?

This post has been edited by CommodoreAmiga: Jan 1 2024, 10:52 AM
CommodoreAmiga
post Jan 7 2024, 08:13 AM

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QUOTE(gamenoob @ Jan 6 2024, 09:09 AM)
Folks,

Say I pumped in 100k now, and I'm 55 in few months, all account 1&2 become acct 55...?

Which essentially become pseudo saving account that can withdraw at will?

Any contribution from work and self with new accounts 60, can only withdraw at 60, yes?

Can we do another 100k to this account 60 for this year?  nod.gif
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Congrats! I still need a few more years to go. Yes, anything you contributed after 55 will goes to Account Emas (60).
Yes, you can setup online withdrawal to withdraw money like an ATM from your 55 account.

QUOTE(wacko_joy @ Jan 6 2024, 07:04 AM)
Anyone have any idea how tedious is the work to claim, if ur parents passed away and they din stated any nominees... thx
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if your parents is now still around, why don't nominate it now? It's a very easy process. One visit to EPF will do. Immediately done on the spot.

This post has been edited by CommodoreAmiga: Jan 7 2024, 08:17 AM
CommodoreAmiga
post Jan 7 2024, 01:22 PM

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QUOTE(gamenoob @ Jan 7 2024, 08:24 AM)
Time fly.... very soon for you.

And yet you already FIRE than us older fart
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My life is simple...I don't need lots of money ..just live below my means...I guess I have evolved a little bit closer to the point of no craving (nirvana). Only a few material things in life interests me. Not really expensive , but hard to procure and maintain.

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CommodoreAmiga
post Jan 7 2024, 08:14 PM

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-deleted- wrong post. sorry

This post has been edited by CommodoreAmiga: Jan 7 2024, 08:14 PM
CommodoreAmiga
post Jan 7 2024, 08:43 PM

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QUOTE(gamenoob @ Jan 7 2024, 08:31 PM)
Technically I could at 55, but too young to stop when body and soul and mind still can plough on... dont want to be senile staying idle...

But I shudder the day when I have to let go..
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I have too many things to learn...doing all the things i want to do all day long. brows.gif
CommodoreAmiga
post Jan 26 2024, 11:44 AM

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QUOTE(nexona88 @ Jan 26 2024, 11:41 AM)
Was thinking the same...
But worries also...
Be safe side, don't want take risk... January each year register i-saraan 😁
Normally I do contribution around Sunday to Thursday period 🙏

This time I do Thursday fall during PH... See can reflect tomorrow or not....
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Aiyo...no need register every year lah. :x EPF will know your age and gives you accordingly, i have been doing for the last 4 years or so.
CommodoreAmiga
post Jan 26 2024, 01:22 PM

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Just done RM3338 for isaraan. And also another amount for self contribution.

3338 Huat Ah!

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