QUOTE(yklooi @ Jan 3 2020, 12:00 PM)
Yes missing. Just drop them email with pdf copy of transfer.EPF - self contribution, need advise
EPF - self contribution, need advise
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Jan 3 2020, 12:02 PM
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1,081 posts Joined: Aug 2018 |
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Jan 3 2020, 12:04 PM
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8,188 posts Joined: Apr 2013 |
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Jan 3 2020, 12:07 PM
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1,081 posts Joined: Aug 2018 |
QUOTE(yklooi @ Jan 3 2020, 12:04 PM) just curious,...happened to you before? Yes to me. Say done Jan to July, one of them is missing say Mar. No way not updated after few months.just curious in the computer and money inter banking FPX age.....for this to happens.... Method of transfer is same for all transactions, MayBen. |
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Jan 3 2020, 12:14 PM
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8,188 posts Joined: Apr 2013 |
QUOTE(hft @ Jan 3 2020, 12:07 PM) Yes to me. Say done Jan to July, one of them is missing say Mar. No way not updated after few months. is the balance in that a/c updated with the additional money from Mar even when the statement is not updated?Method of transfer is same for all transactions, MayBen. I had been using FPX payment for my bills, purchases and expenses stuffs one in, one out......basic account ledger? This post has been edited by yklooi: Jan 3 2020, 12:17 PM |
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Jan 3 2020, 12:18 PM
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1,081 posts Joined: Aug 2018 |
QUOTE(yklooi @ Jan 3 2020, 12:14 PM) is the balance in that a/c updated with the additional money from Mar even when the statement is not updated? Yes not tally/not updated.:thumbsup: any thanks for highlighting it.... had been using FPX payment for my bills, purchases and expenses stuffs one in, one out......basic account ledger? Nothing will ensure what out from our account tally into other ledger, not like blockchain bitcrap. I always keep PDF copy of every transaction saved into global google drive. |
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Jan 3 2020, 12:20 PM
Show posts by this member only | IPv6 | Post
#206
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2,210 posts Joined: Oct 2010 |
QUOTE(yklooi @ Jan 3 2020, 12:46 PM) 2 forummers had mentioned that they did it on 1 Jan... I hv just rung up EPF cust service to enquire, and the feedback is, any self caruman this month (Jan 2020) can only be seen in the new statement for 2020 after dividend is released.Have to see their findings. Btw. I thought you had experienced that already... If you credit on 31-Dec 2019, then it will be reflected on your 2019 statement, as you hv just done. Therefore I will wait till next mth to transfer my self cuntribution, to be on the safe side. |
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Jan 3 2020, 12:23 PM
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8,188 posts Joined: Apr 2013 |
QUOTE(romuluz777 @ Dec 30 2019, 04:44 PM) Thats not what I am looking for. your concern and decision to wait is valid for the below....When I credit in a self cont, I expect to see it within 3 working days. Not in 1.5 mths time. I think better wait til Feb after statement’s out. 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. QUOTE(hft @ Jan 3 2020, 12:02 PM) QUOTE(hft @ Jan 3 2020, 12:18 PM) |
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Jan 3 2020, 12:27 PM
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8,188 posts Joined: Apr 2013 |
QUOTE(romuluz777 @ Jan 3 2020, 12:20 PM) I hv just rung up EPF cust service to enquire, and the feedback is, any self caruman this month (Jan 2020) can only be seen in the new statement for 2020 after dividend is released. if the self contribution this month (Jan 2020) can only be seen in the new statement for 2020 after dividend is released.If you credit on 31-Dec 2019, then it will be reflected on your 2019 statement, as you hv just done. Therefore I will wait till next mth to transfer my self cuntribution, to be on the safe side. so will the deduction of employees contribution and contribution from their companies in Jan 2020, will also only be seen in the new statement for 2020 after dividend is released? anyone kind enough to check and update this 2 weeks later (usually companies will submit before 15 of the month?) I cannot check as I have not contribution. This post has been edited by yklooi: Jan 3 2020, 01:07 PM |
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Jan 3 2020, 12:33 PM
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Jan 3 2020, 01:16 PM
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QUOTE(yklooi @ Jan 3 2020, 01:27 PM) if the self contribution this month (Jan 2020) can only be seen in the new statement for 2020 after dividend is released. Cuntributions from salary for January you will also see in the 2020 statement post-dividend declaration.so will the deduction of employees contribution and contribution from their companies in Jan 2020, will also only be seen in the new statement for 2020 after dividend is released? anyone kind enough to check and update this 2 weeks later (usually companies will submit before 15 of the month?) I cannot check as I have not contribution. For February cuntributions, you might sight it together if the declaration is done after 15th of the month. |
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Jan 3 2020, 01:19 PM
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QUOTE(romuluz777 @ Jan 3 2020, 01:16 PM) Cuntributions from salary for January you will also see in the 2020 statement post-dividend declaration. For February cuntributions, you might sight it together if the declaration is done after 15th of the month. QUOTE(mavistan89 @ Jan 3 2020, 06:12 PM) Yes, the self contribution and deduction for January2020 will only be seen after dividend is released. This post has been edited by yklooi: Jan 4 2020, 08:30 AM |
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Jan 3 2020, 01:25 PM
Show posts by this member only | IPv6 | Post
#212
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Jan 3 2020, 01:55 PM
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Jan 3 2020, 02:39 PM
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Jan 3 2020, 06:12 PM
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500 posts Joined: Aug 2014 |
QUOTE(yklooi @ Jan 3 2020, 12:27 PM) if the self contribution this month (Jan 2020) can only be seen in the new statement for 2020 after dividend is released. Yes, the self contribution and deduction for January2020 will only be seen after dividend is released.so will the deduction of employees contribution and contribution from their companies in Jan 2020, will also only be seen in the new statement for 2020 after dividend is released? anyone kind enough to check and update this 2 weeks later (usually companies will submit before 15 of the month?) I cannot check as I have not contribution. |
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Jan 3 2020, 09:55 PM
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Jan 4 2020, 12:18 PM
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#217
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Sorry for asking dumb question but say now out of desperation I need to withdraw 50k from acc2 for Renovation can i Put back 50k into acc2 after selling off my car , bcos I need to start Reno but my car still not yet have buyer don't want sell to car dealer cheap
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Jan 4 2020, 12:24 PM
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14,863 posts Joined: Mar 2015 |
QUOTE(heng84 @ Jan 4 2020, 12:18 PM) Sorry for asking dumb question but say now out of desperation I need to withdraw 50k from acc2 for Renovation can i Put back 50k into acc2 after selling off my car , bcos I need to start Reno but my car still not yet have buyer don't want sell to car dealer cheap according to this site...."......you cannot withdraw EPF funds for house renovation - it isn't listed in the types of withdrawals." https://ringgitplus.com/en/blog/Duit-The-Ea...ithdrawals.html |
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Jan 4 2020, 12:26 PM
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6,462 posts Joined: Nov 2004 From: [Latitude-N3°9'25"] [Longitude-E101°42'45"] |
QUOTE(heng84 @ Jan 4 2020, 12:18 PM) Sorry for asking dumb question but say now out of desperation I need to withdraw 50k from acc2 for Renovation can i Put back 50k into acc2 after selling off my car , bcos I need to start Reno but my car still not yet have buyer don't want sell to car dealer cheap Theoretically, short answer, yes.Long answer, provided you meet all the requirements/eligibility/etc. You can withdraw 50k from account 2, there is a formula to calculate maximum withdrawal. But when you put back 50k, as self-contribution, it will split 70/30 into account 1 and 2. At the end of day/year/55/life, the annual dividend % calculation is still the same whether is account 1 or 2. But it will affect future account 2 withdrawal. |
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Jan 4 2020, 12:42 PM
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#220
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QUOTE(MUM @ Jan 4 2020, 12:24 PM) according to this site.... Ya but can withdraw under other purpose , but end up is my life savings that why I want to put back , and for high interest dividend"......you cannot withdraw EPF funds for house renovation - it isn't listed in the types of withdrawals." https://ringgitplus.com/en/blog/Duit-The-Ea...ithdrawals.html |
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