yes. it's official

wef 1 June 2023

hehe saw the link to this thread from the FD thread.

I just calculated my div for a prev year - that year I had no transactions other than a voluntary contrib which I banked in on a date that was in the mid of the month ... for example 15th. I then played around with the spreadsheet to goal seek the div that was actually given to me the following year.

Guess what... the actual date that contrib started to earn was the 17th (I banked in a cheque) & the calculation was 0.00xyz sen off

The other thing I noticed is that the div declared in say March 2020 for 2019 is actually credited to our account on 31/12/2019 (ie retro)

So i think it's a myth that there's a "best time/date" to make your voluntary contribution. Anyday is fine. The div calculation algo is accurate

and you can get free gifts - umbrella, mug, towel etc - if you do it on the spot at the "roadshows" by way of FPX.... desperate or not? hahahaha

ps: cannot tell where i saw lah but I think they set up at heavily traffic'ed places like malls, office complexes, maybe even at their branches

Dont bother with the dates, when you need to use the money just withdraw it. The difference in interest lost/gain is negligible.

Well....
Main thing is must have $$$ to deposit 😁
And dividend rate must be acceptable.... And higher than FD rate....

Others thing just secondary 😃

This post has been edited by nexona88: Jun 1 2023, 05:54 PM

KL Sentral one of the location 😁

Because gor LYN member mentioned previously....

Kopitiam Aunty Unker all say gov bankrupt.

Just my personal estimate only....

Could be higher since EPF also have some foreign exposure.... That somehow would help too....

Not disputing but want to see more data point.

Based on my own calculation, we could not tally the dividend to the based on daily rest.

The only way we could tally was that any contribution made to EPF, even if it was in on say 15th May, we notice it only earns dividend from 1 june till 31 dec. But from 1 june to 31 dec, they will really count by number of days that elapse during that period. Of course our calculation is tainted by monthly contribution from our full time employement.

Hence, i see a different logic from what you see.

This post has been edited by adele123: Jun 1 2023, 08:12 PM

Hi to all, may I know after you register for i-Saraan, how long does it takes to get approval? Thanks.

Should be instant...

Especially if u registered online...

https://online.kwsp.gov.my/isaraanReg/?lang=en

Pop ups says can start self contribution under i-saraan 🙏

This post has been edited by nexona88: Jun 1 2023, 11:08 PM

Oh I see... Thanks a lot for your quick reply

anyone dumped 40k into it?

got also won't tell you. lol

1 guy I know already done that...

See previous postings 😁

Others not sure...

For me, nope... Because 60k also not fill up yet 😃

people do share here, thats why i ask...

people even post how much they contribute for the year, one close to 200k in one yr


fuyoh, im struggling now.

i have done my 60k, but catching up another 40k is challenging by year end, i should be able to do it

kayao!

I am thinking to keep pace with RM60k only...since my plan to hit my objective when 55 is on track.

you are already retired, right?

im still trying to hit 1 mil.... maybe 3 more yrs to go...100k/ yr is tough... hopefully all worth it..

Majority is struggling.... Just few actually managed to maximize the 60k... And now adding another 40k 😁

As long u can afford it... Don't effect your financial... Should be okay 👍

We kayao together 💪🙏🙂