I self contribution my epf through maybank2u yesterday.

Today it's still not shown the amount in kwsp online.

May I know when will it shown in my kwsp online? Thanks

just wait for a day or 2 laaa..

for self contribution
- can use CIMB and MBB
- enjoy dividend rate as usual

VS.


for I-Saraan/I-Suri
- only via MBB and Public Bank, others bank do not have this selection
- enjoy dividend rate as usual
- addition government incentives

http://www.kwsp.gov.my/en/member/contribution/i-saraan
Opted to contribute under i-Saraan
As a member under this incentive, you will receive a 15% government contribution (a maximum of RM250/year [Effective 1 Jan 2018]) on top of your own contributions.

http://www.kwsp.gov.my/member/contribution/insentif-suri
Housewives who are registered in the National Database on Poverty (eKasih) as of 30 Nov 2018
Receive government contribution of RM200* in 2018, and RM480 per annum in the subsequent year.
Must contribute a minimum of RM5 per month or RM60 per annum into your EPF account.

Hi all.

I would like to confirm if students can invest in EPF for their retirement needs in the future.

I phoned EPF this morning and asked if a student (now 20 years old) who is about to enter university can open an EPF account and begin investing.

The EPF customer service representative said that I can begin investing in EPF now, even though I don't have a job.

I am afraid that sounds too good to be true, so I would like to seek confirmation here.

Anyone here begin investing in EPF when they are students who are not yet working?

Yes I think you can , just go open an account with them, normally an employer opens it for you but I would put it somewhere where is more liquid in case you need the money in the future. Not sure if can withdraw till 55 .

Hi Krv23490. Hope everything is going well for you.

Thanks for the info. I opened my EPF account this morning. There is a nice retirement advisory service provided at my Seberang Jaya branch here.

The i-Saraan scheme is quite attractive, highly recommended for housewife, self-employed, and students alike. You pay any amount you like at anytime and the government will subsidize 11% up to a maximum of RM 250 per year.

Withdrawal is possible before 55. You can withdraw 30% of your EPF (i.e. Account 2) at the age of 50 and for housing, medical and education payments at any age. Link: http://www.kwsp.gov.my/member/withdrawals

(Nice new webpage!)

You are right that there is liquidity risk but since we are saving for retirement, it does not contradict our (should be "my") goals here. A well-diversified investment portfolio should already have included other more liquid investment vehicles.

Just an off-topic question: Is it true that EPF is linked to the 1MDB scandal or had EPF invest in any "suspicious" companies before? Not that I don't trust the board of directors. I never heard any issues with PNB, but various rumours are out there. Not sure who to believe in.

Thanks.

RM250 per year till 2022.

Ah yes. 15% up to a maximum of RM 250.

The advisor didn't mention that the scheme will end in 2022 though. Thanks for the info. I wished that will continue forever...

For voluntary contribution, can we decide which account we want to channel it to or it will still be proportion to 70:30?

looking at how the form is structured....looks like there is "no place" for us to them how we want the allocation to be...
but has this stated......
Amaun bayaran akan dikreditkan ke Akaun 1 ahli
http://www.kwsp.gov.my/documents/20126/147...dXfJvEj0LcYe2uL

This post has been edited by MUM: Jun 30 2019, 11:39 AM

It takes 2 working days at the least.

Distributed in ratio of 7:3



That’s right. Just tried - 2 working days exactly.

What is the maximum amount that can be transferred per transaction ? Can transfer RM60K one shot ? Since the annual limit for self cuntribution is 60K...

they can contribute any amount to the retirement savings fund, the accumulated maximum amount to be contributed into each account, however, remains capped at RM60,000 per annum.

Read more at https://www.thestar.com.my/business/busines...5G2e7eqrTyiq.99

just don't over the RM60k max per calendar year.....
read in LYN....they will refund all the money from the latest contribution.....

it depends on your bank. Most have a 50k limit like how you transfer money to other accounts, though I didn't explore extensively.

self contribution will appear in employee column and it will proportion to 70:30.

Got it, thanks for for the info

If you have more than RM1 million in your EPF, you can withdraw the excess.
http://www.kwsp.gov.my/member/withdrawals/...rm1mill-savings

beLIEve,
1.)I want counting the date and time of i-Akaun appear money, because the appear mean below
if appear in 1 Feb 2020 whole Feb enjoy the monthly interest.
if appear in 31 Jan 2020 lose 1 day interest, but after this Feb and all month enjoy interest.
if appear in 2 Feb 2020 lose whole Feb month interest, but after this, Mac and all month enjoy interest.
Above I right or not?

2.)If every month no top up, but have balance in EPF, this is not complicated counting and use the calculation(Base on counting others, the counting more complicated than above EPF, the results can call very absolutely not wrong count, even of 1 cent), but why use the same counting, the results of above EPF each account can less RM 0.02.
You self do a counting?
You have above situation or not?
I don't know where my wrong, so can use explain why like that?
Above look like not above rounding, I use .00 or .0000 also same, I just curios why like that only?
Thank you.

beLIEve...knock, knock, you are summoned for, i believe the above post is for you too and are afraid you may missed it too.