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EPF - self contribution, need advise
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CommodoreAmiga
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 Sep 26 2025, 01:21 PM
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QUOTE(lee82gx @ Sep 26 2025, 10:53 AM) https://www.malaymail.com/news/malaysia/202...ing-2026/192417Here is how bad our 4th estate is, basically a mouth piece for the government. In Malaysia you don't read between the lines, you read between the words. This was already mentioned previously. Will slowly increase to RM 1.3 million the next 3 years. Business as usual for me. Just pumped in 10k this morning. |
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CommodoreAmiga
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Sep 30 2025, 08:18 AM
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QUOTE(dwRK @ Sep 30 2025, 07:47 AM) some ppl will find reason to shit on the gov for sure... even the free rm 100 get dissed... lol but change is inevitable... how subtle or drastic will depend on the situation... account 3 was quick, pencen plan will be longer... anyways this year mark my last 100k contribution... next year onwards will start divided withdrawal...  Congrats bro!. I will probably continue to contribute somemore before end of next year. Then 2027 maybe start withdraw some dividend, while still letting it grow without topping up. |
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CommodoreAmiga
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Sep 30 2025, 10:19 AM
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QUOTE(guy3288 @ Sep 30 2025, 09:46 AM) when you pump extra for EPF 6.5% you happily take that dividends for years after so many years of benefits..... suddenly it becomes your opportunity cost now...?  kicking away the boat after reaching shore only proves you have mistaken arrival for independence dont forget early withdrawal is a privilege not a right... it's like wanting to eat the cake before the party starts.  Just read some quote this morning supposely from Warren Buffet. One of the statement: - How NOT to be stupid instead of worry how to being Brilliant. Strike a chord with me. Being NOT Stupid can really saves you a lot of money, when being brilliant is too difficult for most people (including me). |
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CommodoreAmiga
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Dec 8 2025, 09:53 AM
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QUOTE(BenChiew @ Dec 6 2025, 11:04 PM) Don’t quite understand the difference. Are they giving another name to the money put in after the statutory amount? Monthly contributions from work is I-simpan and I-topup is the rm100k voluntary contribution? Same. Never explain difference also. This is stupid!! No problem, go and create a problem! |
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CommodoreAmiga
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Dec 8 2025, 09:55 AM
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QUOTE(theevilman1909 @ Dec 7 2025, 09:13 AM) No changes to mandatory contributions... Voluntary contributions is now known as i-simpan Those contributing more than the mandatory contributions rates for employees is now called i-topup So i-topup is say, default is 13% of salary, now you change to 20%? The explanation didn't say anything useful at all. |
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CommodoreAmiga
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Dec 10 2025, 10:20 AM
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QUOTE(Wedchar2912 @ Dec 8 2025, 11:47 AM) i am confused.... old already I guess.. don't understand even EPF's youngster hip phrases... i guess since it is "topup", if i-topup is written as 7%, then the total deduction from salary is now 11% + 7%... with 11% being the default???? right??? so same same as before name change? why choose i-Simpan? no wonder b40 and m40 always think epf is not a retirement fund but a simpanan like bank deposit and anytime can take out... should have named it i-kaya mah.... lol Better i-pokai. 🤦♂️ EPF: Tak ada problem, kami bikin problem! |
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