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 EPF - self contribution, need advise

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Human Nature
post Mar 23 2022, 03:49 PM

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QUOTE(magika @ Mar 23 2022, 03:41 PM)
Maybank can do it in 1 shot. Been doing it for years
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Okay thanks. Too bad I already closed my Maybank accounts.

Anyway, I tested with Public Bank and found that there is no option to save the EPF account as favourite. Have to double-triple check the correct details again everytime biggrin.gif
Human Nature
post Apr 6 2022, 01:17 PM

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QUOTE(ericthai @ Apr 6 2022, 12:30 PM)
Does anybody know how to increase the 5000 transaction limit?

Is it 5000 per day or per transaction?

How many days will it take to credit my EPF account?
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Use the new maybank2u interface, can do it in one shot. Few forumers shared this at previous pages.
Human Nature
post Apr 6 2022, 01:27 PM

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QUOTE(ericthai @ Apr 6 2022, 01:27 PM)
Can't find the page, I went through so many pages.

Is there a limit to set first?
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Can't help here as not using maybank. Maybe others can chip in.
Human Nature
post Apr 6 2022, 01:36 PM

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QUOTE(ericthai @ Apr 6 2022, 01:31 PM)
Is there a maximum imposed by EPF for rm 5000 per day?

I am not talking about the transfer limit for Maybank2u

Many years ago, I tried to pay via cash and EPF said there is a maximum, not sure about now.
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I already mentioned that can do one shot with maybank2u. EPF does not limit it per day. Limit is 60k per year.

This post has been edited by Human Nature: Apr 6 2022, 01:36 PM
Human Nature
post Apr 6 2022, 07:45 PM

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QUOTE(ericthai @ Apr 6 2022, 04:34 PM)
I already transferred today. How long does it take EPF to deposit into my account.

I just checked and it's not in yet.
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1-2 days
Human Nature
post Apr 7 2022, 10:31 AM

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QUOTE(ericthai @ Apr 7 2022, 09:54 AM)
Most of us new members don't have time to read through 40 pages of posts just to find a single info.

We always assume that it should start from day of deposit like all banks.

What about withdrawal? If we withdraw on 29 of the month (end of month), do we lose 1 month interest too?
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https://www.kwsp.gov.my/ms/dividend#FrequentlyAskedQuestion
FAQ No 6.
Human Nature
post Apr 24 2022, 11:46 PM

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QUOTE(guy3288 @ Apr 24 2022, 11:15 PM)
recently i used Cimbclick and MBB, saw EPF online captured 1 day after deposit date.
that is very fast  already even  when i did it after working days weekend IANM

anyone  experienced date captured in EPF is 2 days or more after deposit date?
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Transferred on 2-Mar-22
Captured on 7-Mar-22

Human Nature
post Apr 26 2022, 05:57 PM

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QUOTE(guy3288 @ Apr 26 2022, 05:11 PM)
i think mostly date captured next day..
unusual, there must be a reason..  done at bank counter, first time doing the transaction,or what...??
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From climbclicks, not the first time. Maybe because dividend was annouced on the same date. Most 1-2 days, just that one anomaly.
Human Nature
post May 29 2022, 03:27 PM

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QUOTE(Twinkle@Babe @ May 29 2022, 02:48 PM)
Hi, do I need to wait until 55 years old to withdraw the epf self-contribution? Will the self-contribution amount get the same KWSP announced interest rate?
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Self-contributed amount is treated the same way as the normal contributed amount.
Human Nature
post Oct 18 2022, 01:39 PM

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Ya, it is void. Need to wait for new tabling of budget see if it is still there.
Human Nature
post Oct 26 2022, 05:35 PM

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No, please dont bring this tiered dividends nonsense up again.
Human Nature
post Feb 1 2023, 12:43 AM

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QUOTE(romuluz777 @ Jan 31 2023, 10:25 PM)
Also, withdrawal from Acct 2 upon reaching age 50.
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thumbsup.gif
This is new to me, missed this despite reading through the EPF website.

QUOTE
You can only make a one-time partial withdrawal of all or part of your savings in Account 2 when you reach age 50 to help you take the necessary steps in planning for retirement.

Human Nature
post Feb 14 2023, 11:15 AM

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QUOTE(watabakiu @ Feb 14 2023, 09:25 AM)
For self-contribution, right... would the withdrawal rules applies the same as those 'forced' contributions? Like have to wait until retirement etc
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QUOTE(ronnie @ Feb 14 2023, 09:27 AM)
I believe so... the withdrawal rule is the same because the money goes to Account 1 (or does it split ?)
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Follow same rules. Split the same ratio too.
Human Nature
post Feb 16 2023, 10:29 AM

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QUOTE(John Chaser @ Feb 16 2023, 10:18 AM)
Not dropped, it was not debated and passed. Wait for the new budget to be tabled see if it is still proposed.
Human Nature
post Feb 24 2023, 07:09 PM

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Self contribution can get pelepasan cukai as well. Under premium insuran nyawa category, max 3k. This is good.
Human Nature
post Feb 24 2023, 07:18 PM

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QUOTE(magika @ Feb 24 2023, 07:15 PM)
Could not find it in my downloaded version , think from ronnie. Thanks, its good news but must wait see whether kwsp updated it to confirm.
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It is under 'touchpoints'
Human Nature
post Feb 24 2023, 11:46 PM

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QUOTE(sg8989 @ Feb 24 2023, 11:00 PM)
But if u got premium insurans nyawa 3k oledi means cannot claim for epf liao?
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Yup, many will benefit from this, me included
Human Nature
post Feb 28 2023, 03:13 PM

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QUOTE(ronnie @ Feb 28 2023, 02:57 PM)
aren't this the same as previous years... ? can enlighten ?
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Previously only on Caruman KWSP/skim yang diluluskan.

This one can be added to premium insuran nyawa category as well, based on my understanding la.
Human Nature
post Mar 11 2023, 06:12 PM

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This whole page has nothing to do with EPF self contribution.

Go here for Opening a Bank Account in Singapore
https://forum.lowyat.net/topic/1440794
Human Nature
post Mar 11 2023, 06:35 PM

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QUOTE(teslaman @ Mar 11 2023, 06:30 PM)
Can we just transfer rm60k in one go?
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PBB and MBB can transfer in one go

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