Haha. That's why I said before that the increase of age for withdrawals should be implemented with immediate effect on all members. Not just new members. New age is now 85.

Lol.

(jk... Although magika pointed out cleverly that I dare to say so because I already cut my exposure of epf to insignification % of my portfolio)

This post has been edited by Wedchar2912: Nov 10 2025, 04:45 PM

Overseas Malaysians would already have the host country's own version of retirement funds...like Superannuation in Oz, 401K in the states or CPF in SG.

Whether they need to maintain a sizable balance in EPF debatable, and really depends on their retirement plans. Specifically, if they intend to retire back in Malaysia. If they do, they are in luck as the geographical arbi already works in their favour and they may find EPF to be redundant.

I don't pay any attention to CPF as it's not relevant to me. But honestly, retirement planning is a personal responsibility. Everyone should make full use of whatever system is available in the country they work in.

For Malaysians working in Singapore, if they're eligible to contribute to CPF, then it's their call whether to do so, based on the law. After all, if one is capable enough to work in Singapore, surely they’re also capable of managing their own finances... can’t be waiting for either government to hold their hands, right?

Even if CPF isn’t an option, just channel that same 20% + extra 20% personal savings (+ the 17% if the employer really gives this portion to the staff) into a diversified portfolio/UT/ETF. That's 57% of gross salary! Same principle, different platform. Most probably outperformed CPF's 2.5 to 4% pa over the decade(s).

That said, a friend’s husband told me recently that the Singapore government actually forced non-PR & non-citizen & non-active contributors (ie him) to withdraw all their CPF savings. So it's not even a matter of choice. He didn't know what to do with his money and kept on asking if I can help him (to the point of managing his retirement money... so weird one... luckily I am no scammer... ).
Told him throw to EPF, and the usual comments appear.

apparently must take out... no option. CPF even send you a SGD cheque.... making it seems like CPF is great benefit and only Citizen/PR can enjoy.

as shared by nexona88, it is anyone's guess... most probably early next year you will receieve the i-saraan?

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

This post has been edited by Wedchar2912: Dec 8 2025, 11:49 AM

Haha. Ur HR don't want to do extra work to change your top up, ie employee rate, to a higher number.

Self contribution nothing to do with HR.

should be around there....

cos one still have to pay taxes (that is like 20 to 25% already for high income person), misc deductions like socso or company loan payments...

i really cannot imagine one can select 100%, and then the employee every month have to pay 20% of salary to the employer because of PCB deductions "paid" due to PAYE system.

cannot remember exactly... but within a few biz days.
fyi: they will refund that entire deposit transaction, not just the excesss.

oh wow... tq for this new updated info. So looks like they had improved on their process/capability.

Last time when I tested, they called me and informed me all will be returned. This new process is much better, albeit a bit long.

btw, just a reminder (yeah, i sound like a old man already....)

next year onwards is 1.1m the new threshold to withdraw.

Since you are close, if you have spare cash lying around in FDs or e-wallets, I think you can consider throwing whatever spare cash into EPF and force it above 1.1 or 1.2 or 1.3 (2026, 2027, 2028 limit respectively).
But do go over your cashflow situation before deciding...

way earlier... since my dad's time.... 1970s at least....
my dad at first opportunity, took everything out and left it in the bank FD....

haha.... if what you said really happened, pretty sure many will queue at Penang Bridge... not just Penang Bridge, any bridge will do... like Klang bridge too... or go to TRX top floor and see if can smell the air of freedom...

actually, if you have the ability, setting a target of 2m for EPF would insulate this "small" uncertainty for at least 10 to 15 years...
just consider the amount above 2m as your liquid cash... and sleep well and u can forget abt threshold limit...

maybe kwsp already paid royalty fees to apple and now may as well max everything to "i"... lol

this is part of my concern about EPF... can see all these small tell-tale signs that certain weird influences are sipping into the system there... they are focusing on the wrong agenda with wrong priorities here and there.