Check the 2nd link from the vibes portal.

So it's confirmed then. 100k self contribution

Yes...
The speculation rate is kinda disappointed 😞

Hi all, for self-contribution;

Is it better to:

1) Max out 60K on 1.1.23

2) Contribute last day of every month in 5K?

I am new to this

Not confirmed until bajet passed and amend the EPF act 🤦‍♀️

So I should wait until bajet passed and EPF act amended then only I can contribute under i-saraan for 2023?

for confirmation...

better ask EPF hotline directly...

but personally..
I don't think need to wait for budget approvals...

just dump straightaway

Not in Malaysia at the moment...

then ask someone u know (family or close friends) to ask behalf

e-mail or kwsp ask elya

I believes i saraan no need to amend epf act.
It is a continuation...just need to change some tax relief matters with lhdn, as now proposed increase of tax relief to 300 from 250

I see.

I notice the i-saraan description is missing from the official EPF page (it used to be under "Voluntary Contribution"). So as i-Suri.

https://www.kwsp.gov.my/member/contribution

But when I login to my CIMB account and select "EPF/KWSP Transfer", the i-Saraan/i-Suri option is still available.



Kind of confusing people...

This post has been edited by TOS: Mar 4 2023, 07:27 PM

I-Saraan will stay the same amount contribution as previous years

Only thing you need to wait for bajet is the amount changes which has to be passed and amend the act as well

No need to wait for bajet unless the amount increase or decrease 🤦‍♀️

just saw this in KWSP site,...
https://www.kwsp.gov.my/member/contribution...lf-contribution

"The EPF contribution is not limited to those required under the EPF Act 1991.
Voluntary participation of those who are not covered under the EPF Act is strongly encouraged.
Furthermore, it is an advantage to have savings set aside for your future retirement."

Those NOT covered under the EPF act can also contribute,...thus i also believes NO amendment to the EPF act is necessary if the gomen want to increase the self contribution limits from 60k to 100k.

btw,...in EPF site under this page,...
https://www.kwsp.gov.my/about-epf/resources/faq
can still see they mentioned I- Suri & I-Saraan things.

This post has been edited by MUM: Mar 4 2023, 07:34 PM


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If you can get better investment plan than EPF, option 2. Else, option 1.

This post has been edited by sweetpea123: Mar 4 2023, 09:19 PM

Better to start from Jan so your monies get dividend from Jan onwards

Now I know why shariah one way lower...

Writedown loss making investment value around RM 2.5bil...

They made bad investment decisions using the shariah portion $$$....

Historically, Shariah EPF dividend is always lower.
Shariah compliant equities are much lesser in the market also.

Maybe if they split to another specialised fund manager (mentioned in Budget 2023) maybe can match Conventional dividends.

Yes...
It's lower...

But this year got written losses of investment...
So kinda huge writedown of investment...

That's why...
Need specialist fund manager to manage the shariah portion 💪