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 EPF - self contribution, need advise

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cute_boboi
post Dec 30 2019, 09:18 PM

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QUOTE(romuluz777 @ Dec 30 2019, 07:12 PM)
From my experience this year, it takes on average 3 working days to see it reflected on i-akaun. There was one time I could see it the next day.

If you credit in xx amount under self-contribution lets say, on 31-Dec 2019, you will only see it credited in Feb 2020 selepas new statement released.
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Your bolded quote above doesn't make sense. You don't have to wait for the monthly statement. You view it from your detail transaction history. Can see immediate within 2-4 working days as stated earlier.

e.g
If I credit on 30-Nov-2019, I can see transaction history by about 1-Dec to 4-Dec. I don't have to wait for the monthly statement by end Dec-2019 or early Jan-2019.

Hence the same if I credit on 31-Dec-2019, I can see the transaction history by about 1-Jan to 4-Jan. I don't have to wait for the monthly statement by end Jan-2020 or early Feb-2020 rclxub.gif

icon_rolleyes.gif
romuluz777
post Dec 31 2019, 12:38 AM

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I was referring specifically to transactions in January. Thats the black out period before declaration of dividend.

Otherwise its usually 3 working days.

This post has been edited by romuluz777: Dec 31 2019, 11:53 AM
blu3chip
post Dec 31 2019, 05:27 AM

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would there be a confirmation email/SMS sent or do we just assume that the amount goes through eg. M2U Online Transfer and only can verify in Feb?
romuluz777
post Dec 31 2019, 11:52 AM

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Depends on the bank, but in my case there was no SMS except for the one for the TAC code. Thats the only proof that I did the payment.

This post has been edited by romuluz777: Dec 31 2019, 11:53 AM
cute_boboi
post Dec 31 2019, 02:54 PM

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QUOTE(romuluz777 @ Dec 31 2019, 12:38 AM)
I was referring specifically to transactions in January. Thats the black out period before declaration of dividend.

Otherwise its usually 3 working days.
*
Monthly statement is not available in the beginning of the year until announced declared divided by mid/end February of every year. But with latest online, you can check the transaction details anytime.

romuluz777
post Jan 1 2020, 01:05 AM

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QUOTE(cute_boboi @ Dec 31 2019, 03:54 PM)
Monthly statement is not available in the beginning of the year until announced declared divided by mid/end February of every year. But with latest online, you can check the transaction details anytime.
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awinfakhari
post Jan 1 2020, 01:09 AM

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nice topic, just realize on this. park
SUSyklooi
post Jan 3 2020, 10:28 AM

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QUOTE(romuluz777 @ Dec 30 2019, 07:12 PM)
From my experience this year, it takes on average 3 working days to see it reflected on i-akaun. There was one time I could see it the next day.

If you credit in xx amount under self-contribution lets say, on 31-Dec 2019, you will only see it credited in Feb 2020 selepas new statement released.
*
QUOTE(romuluz777 @ Dec 31 2019, 12:38 AM)
I was referring specifically to transactions in January. Thats the black out period before declaration of dividend.

Otherwise its usually 3 working days.
*
just out of curiosity and
to "test" the availability of black out period of transaction details and
to determine if the self contribution amount will only be credited in Feb 2020 selepas new statement released (per above post)
I made a self contribution on 31 Dec 2019 (as suggested in the above post)

my EPF a/c's total balance was updated with the self contribution value & it also displayed the contribution details 3 days later. (on 3 Jan)

*******************************
QUOTE(cute_boboi @ Dec 30 2019, 09:18 PM)
Your bolded quote above doesn't make sense. You don't have to wait for the monthly statement. You view it from your detail transaction history. Can see immediate within 2-4 working days as stated earlier.

e.g
If I credit on 30-Nov-2019, I can see transaction history by about 1-Dec to 4-Dec. I don't have to wait for the monthly statement by end Dec-2019 or early Jan-2019.

Hence the same if I credit on 31-Dec-2019, I can see the transaction history by about 1-Jan to 4-Jan. I don't have to wait for the monthly statement by end Jan-2020 or early Feb-2020  rclxub.gif

icon_rolleyes.gif
*
QUOTE(cute_boboi @ Dec 31 2019, 02:54 PM)
Monthly statement is not available in the beginning of the year until announced declared divided by mid/end February of every year. But with latest online, you can check the transaction details anytime.
*
Looks like what you mentioned are happening .

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QUOTE(MUM @ Dec 30 2019, 11:27 AM)
if use online I-akaun to check, still need to wait as per the above to know the status?
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QUOTE(MUM @ Dec 30 2019, 04:54 PM)
if use online I-akaun to check, still need to wait 1.5 months to know the status?
the self contribution amount credited will not be reflected within 1 week?
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I used the EPF I-akaun to check, it did reflects in 3 days, the self contribution amount in my total a/c balance

******************************
QUOTE(blu3chip @ Dec 31 2019, 05:27 AM)
would there be a confirmation email/SMS sent or do we just assume that the amount goes through eg. M2U Online Transfer and only can verify in Feb?
*
QUOTE(awinfakhari @ Jan 1 2020, 01:09 AM)
nice topic, just realize on this. park
*
tag the both of you because you seems to be following this.....

This post has been edited by yklooi: Jan 3 2020, 11:01 AM


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ikanbilis
post Jan 3 2020, 10:37 AM

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QUOTE(yklooi @ Jan 3 2020, 10:28 AM)
just out of curiosity and to "test" the availability of black out period of transaction details.
I made a self contribution on 31 Dec 2019 (as suggested in the above post)

my EPF a/c's total balance was updated with the self contribution value/details 3 days later.

*******************************
Looks like what you mentioned are happening .

**************************
I used the EPF I-akaun to check, it did reflects in 3 days, the self contribution amount in my total a/c balance

******************************
tag the both of you because you seems to be following this.....
*
I made a self contribution on 1.1.2020 unfortunately still not reflected in my online account sad.gif

SUSyklooi
post Jan 3 2020, 10:40 AM

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QUOTE(ikanbilis @ Jan 3 2020, 10:37 AM)
I made a self contribution on 1.1.2020 unfortunately still not reflected in my online account sad.gif
*
try on Monday, and tell if there is a change in your total balance and a mention of self contribution details as in my image....
cute_boboi
post Jan 3 2020, 10:46 AM

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QUOTE(yklooi @ Jan 3 2020, 10:28 AM)
just out of curiosity and to "test" the availability of black out period of transaction details.
I made a self contribution on 31 Dec 2019 (as suggested in the above post)

my EPF a/c's total balance was updated with the self contribution value/details 3 days later.

*******************************
Looks like what you mentioned are happening .

**************************
I used the EPF I-akaun to check, it did reflects in 3 days, the self contribution amount in my total a/c balance

******************************
tag the both of you because you seems to be following this.....
*
Thanks for confirming with proof icon_rolleyes.gif I also start to dump in for 2020 already on 1/1/2020

SUSyklooi
post Jan 3 2020, 10:51 AM

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QUOTE(cute_boboi @ Jan 3 2020, 10:46 AM)
Thanks for confirming with proof  icon_rolleyes.gif  I also start to dump in for 2020 already on 1/1/2020
*
nice to hear that you did contribute on 1 Jan
can you do as what I had told ikanbilis? (per below)
just to confirm that, "that update happenings" is not only in my a/c.

QUOTE(yklooi @ Jan 3 2020, 10:40 AM)
try on Monday, and tell if there is a change in your total balance and a mention of self contribution details as in my image....
*
SUSwct
post Jan 3 2020, 11:24 AM

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I contributed on 31st dec and being reflected on Dec statement although it says 2nd of January.

This post has been edited by wct: Jan 3 2020, 11:26 AM


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romuluz777
post Jan 3 2020, 11:32 AM

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I think the self contribution on 31-Dec 2019 is considered last year's input, and will reflect under Balance as of 31/12/2019.

If its done within the month of January 2020, then it will show under the Year 2020 tab, Balance as of xx/x/2020, after the 2019 dividend is released.

This post has been edited by romuluz777: Jan 3 2020, 11:33 AM
romuluz777
post Jan 3 2020, 11:38 AM

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I'm thinking of crediting 50K lump sum this month (January) into the EPF, but am worried it cannot be seen until next month. Worried about such a sum in limbo.

If any lab rat here can try it out, and it reflects on the i-akaun, please share the outcome here smile.gif
SUSyklooi
post Jan 3 2020, 11:46 AM

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QUOTE(romuluz777 @ Jan 3 2020, 11:38 AM)
I'm thinking of crediting 50K lump sum this month (January) into the EPF, but am worried it cannot be seen until next month. Worried about such a sum in limbo.

If any lab rat here can try it out, and it reflects on the i-akaun, please share the outcome here smile.gif
*
2 forummers had mentioned that they did it on 1 Jan...
Have to see their findings.
Btw. I thought you had experienced that already...
SUSyklooi
post Jan 3 2020, 11:53 AM

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QUOTE(wct @ Jan 3 2020, 11:24 AM)
I contributed on 31st dec and being reflected on Dec statement although it says 2nd of January.
*
thumbup.gif thanks for confirming. about the 31 Dec 2019 in and a/c balance updated in Jan 2020
hft
post Jan 3 2020, 11:57 AM

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Make sure you audit annually your self contribution and keep receipt copy of transfer. Sometimes did not reflect in statement one of many transfers.
SUSyklooi
post Jan 3 2020, 12:00 PM

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QUOTE(hft @ Jan 3 2020, 11:57 AM)
Make sure you audit annually your self contribution and keep receipt copy of transfer. Sometimes did not reflect in statement one of many transfers.
*
if not reflected in statement means money "missing"?
blu3chip
post Jan 3 2020, 12:01 PM

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Thanks for the prompt updates, friends! have made a contribution on 1-Jan as well and will be updating you guys as/when it is reflected on my end. should be fine as it was done via M2U

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