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 EPF - self contribution, need advise

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magika
post Feb 25 2023, 10:00 AM

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QUOTE(Cyclopes @ Feb 25 2023, 09:17 AM)
I have not read on the increase/additional self contribution of RM40K....
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Could be inaccurate as all media was also not reporting it.


bcombat
post Feb 25 2023, 10:08 AM

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QUOTE(Cyclopes @ Feb 25 2023, 09:17 AM)
I have not read on the increase/additional self contribution of RM40K....
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likely max 60k rules stay
nexona88
post Feb 25 2023, 10:10 AM

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QUOTE(magika @ Feb 25 2023, 10:00 AM)
Could be inaccurate as all media was also not reporting it.
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Really?

But already written in the MOF pdf documents yo...

Possible media miss the part 😎
netcrawler
post Feb 25 2023, 10:17 AM

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If the excess over 1 million in EPF, can withdraw any time for anu purposes ? Can do multiple withdrawers?
CommodoreAmiga
post Feb 25 2023, 10:18 AM

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QUOTE(CommodoreAmiga @ Feb 23 2023, 07:39 PM)
Today top up max...let see which date it masuk later. App says 3 working days. Now i have 4 working days till 28th Feb.
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QUOTE(MGM @ Feb 23 2023, 08:16 PM)
Should be credited tomorrow Friday, reflected by Saturday.
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Yeah, updated today liao. I think nowadays a bit faster? Last year like 5 days or so.
magika
post Feb 25 2023, 10:19 AM

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QUOTE(nexona88 @ Feb 25 2023, 10:10 AM)
Really?

But already written in the MOF pdf documents yo...

Possible media miss the part 😎
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Two things are missing from the 2 diff pdf version. SSPN tax relief and epf add contribution. All M40 favourites.


netcrawler
post Feb 25 2023, 10:21 AM

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QUOTE(magika @ Feb 25 2023, 10:19 AM)
Two things are missing from the 2 diff pdf version. SSPN tax relief and epf add contribution. All M40 favourites.
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SSPN extended till 2024?
romuluz777
post Feb 25 2023, 10:22 AM

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QUOTE(netcrawler @ Feb 25 2023, 11:17 AM)
If the excess over 1 million in EPF, can withdraw any time for anu purposes ? Can do multiple withdrawers?
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Anytime u sukak
nexona88
post Feb 25 2023, 10:24 AM

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QUOTE(magika @ Feb 25 2023, 10:19 AM)
Two things are missing from the 2 diff pdf version. SSPN tax relief and epf add contribution. All M40 favourites.
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Got 2 pdf version huh??

The one I saw have about the 100k EPF & SSPN...

Now got different one too???

dlttdltt
post Feb 25 2023, 10:24 AM

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So the Epf 100k is fake news ?
magika
post Feb 25 2023, 10:26 AM

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QUOTE(nexona88 @ Feb 25 2023, 10:24 AM)
Got 2 pdf version huh??

The one I saw have about the 100k EPF & SSPN...

Now got different one too???
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1 by ronnie another by tos

QUOTE(dlttdltt @ Feb 25 2023, 10:24 AM)
So the Epf 100k is fake news ?
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Not sure.

This post has been edited by magika: Feb 25 2023, 10:26 AM
SUSTOS
post Feb 25 2023, 10:32 AM

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Ok to clarify things: https://budget.mof.gov.my/en/

There are 2 important documents: speech and touchpoint. The 2 documents are supposed to convey the same information, with the touchpoint being the more simplified version without those bells and whistles.

» Click to show Spoiler - click again to hide... «


I saw i-saraan (250-300) listed in both the speech and touchpoint documents, but no mention of 100k limit for voluntary contribution in the speech document (it's mentioned in the touchpoint document however).

Use your browser's Ctrl+F search function for keywords like "KWSP", "i-saraan" etc. will help.
gooroojee
post Feb 25 2023, 10:35 AM

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QUOTE(magika @ Feb 25 2023, 10:19 AM)
Two things are missing from the 2 diff pdf version. SSPN tax relief and epf add contribution. All M40 favourites.
*
QUOTE(dlttdltt @ Feb 25 2023, 10:24 AM)
So the Epf 100k is fake news ?
*
KWSP Facebook updated with all budget incentives. No mention of 100k self contribution.

Don't think it happened.
SUSTOS
post Feb 25 2023, 10:37 AM

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QUOTE(TOS @ Feb 25 2023, 10:32 AM)
Ok to clarify things: https://budget.mof.gov.my/en/

There are 2 important documents: speech and touchpoint. The 2 documents are supposed to convey the same information, with the touchpoint being the more simplified version without those bells and whistles.

» Click to show Spoiler - click again to hide... «


I saw i-saraan (250-300) listed in both the speech and touchpoint documents, but no mention of 100k limit for voluntary contribution in the speech document (it's mentioned in the touchpoint document however).

Use your browser's Ctrl+F search function for keywords like "KWSP", "i-saraan" etc. will help.
*
100k limit is not mentioned in EPF's official response to the budget too.

https://www.kwsp.gov.my/en/web/guest/w/budg...-infrastructure
magika
post Feb 25 2023, 10:40 AM

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QUOTE(TOS @ Feb 25 2023, 10:32 AM)
Ok to clarify things: https://budget.mof.gov.my/en/

There are 2 important documents: speech and touchpoint. The 2 documents are supposed to convey the same information, with the touchpoint being the more simplified version without those bells and whistles.

» Click to show Spoiler - click again to hide... «


I saw i-saraan (250-300) listed in both the speech and touchpoint documents, but no mention of 100k limit for voluntary contribution in the speech document (it's mentioned in the touchpoint document however).

Use your browser's Ctrl+F search function for keywords like "KWSP", "i-saraan" etc. will help.
*
So got good chance for kwsp add contribution plus sspn tax relief since its on official mof page. Can understand why pmx not willing to touch on it as can seen by statements that epf is dominated by top T20s.

eddyooi
post Feb 25 2023, 10:56 AM

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QUOTE(TOS @ Feb 25 2023, 10:37 AM)
100k limit is not mentioned in EPF's official response to the budget too.

https://www.kwsp.gov.my/en/web/guest/w/budg...-infrastructure
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gg like this..... where else else can dump in extra cash?
CommodoreAmiga
post Feb 25 2023, 11:08 AM

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QUOTE(eddyooi @ Feb 25 2023, 10:56 AM)
gg like this..... where else else can dump in extra cash?
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My account. Check your PM.
confusedway
post Feb 25 2023, 11:16 AM

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• KWSP
o Kajian semula pelepasan cukai bagi caruman mandotari/sukarela
kepada skim yang diluluskan/ KWSP dan premium insurans nyawa
atau takaful hayat atau caruman sukarela tambahan kepada KWSP
o Menaikkan had caruman sukarela KWSP daripada RM60,000 kepada
RM100,000 setahun

https://budget.mof.gov.my/pdf/belanjawan202...-touchpoint.pdf

From MOF and the link mention is Budget 2023 (24 Feb 2023) thus i belief you can trust this... Search KWSP...
backspace66
post Feb 25 2023, 11:21 AM

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QUOTE(confusedway @ Feb 25 2023, 11:16 AM)
• KWSP
o Kajian semula pelepasan cukai bagi caruman mandotari/sukarela
kepada skim yang diluluskan/ KWSP dan premium insurans nyawa
atau takaful hayat atau caruman sukarela tambahan kepada KWSP
o Menaikkan had caruman sukarela KWSP daripada RM60,000 kepada
RM100,000 setahun

https://budget.mof.gov.my/pdf/belanjawan202...-touchpoint.pdf

From MOF and the link mention is Budget 2023 (24 Feb 2023) thus i belief you can trust this... Search KWSP...
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Hopefully it is approved, the government need it more than most of us. Or else who gonna buy the MGS and sukuk
nexona88
post Feb 25 2023, 12:04 PM

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QUOTE(gooroojee @ Feb 25 2023, 10:35 AM)
KWSP Facebook updated with all budget incentives. No mention of 100k self contribution.

Don't think it happened.
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QUOTE(TOS @ Feb 25 2023, 10:37 AM)
100k limit is not mentioned in EPF's official response to the budget too.

https://www.kwsp.gov.my/en/web/guest/w/budg...-infrastructure
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So it's NO go for 100k EPF then????

Too bad for those planning to dump the additional 40k $$$ 😁

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