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 EPF - self contribution, need advise

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ikanbilis
post Mar 6 2022, 07:46 PM

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QUOTE(Barricade @ Mar 6 2022, 07:45 PM)
Any idea when i-Saraan will be credited? I deposit last year November for my wife but nothing yet.
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Read my post the previous page
ikanbilis
post Mar 8 2022, 04:11 PM

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QUOTE(magika @ Mar 8 2022, 02:50 PM)
According to epf the extra amount will be tergantung and unless you monitor your deposit then ......how is the epf going to know your account number and to return it just like that may have some complication... just thinking aloud dont shoot me.

A bit diff case but something like that happens to my sspn acoount.. around 70k+ was tergantung but luckily i have been monitoring it and after a bit of hassle finally got it back after about 2 weeks. Try not to let such a thing happen as very messy.  blink.gif
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Last time a forummer reported that he accidentally contributed 60,005. The extra rm5 was refunded to him through a cheque.
ikanbilis
post Apr 3 2022, 02:49 AM

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QUOTE(adam1190 @ Apr 3 2022, 02:42 AM)
May I know what is the current practice for the EPF self contribution of max RM 60000 per year? will all the self contributed amount go to Account 1 or it will split between Account 1 (70%) and Account 2 (30%)
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Split 70-30
ikanbilis
post Apr 30 2022, 01:26 PM

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QUOTE(Gatsby IT @ Apr 30 2022, 01:08 PM)
Hi anyone know for withdrawal age 55 / age 50 , do one have to wait after birthday to qualify ?

Let's say born in September 1967 , technical 55yo but birthday not passed yet . Entitled for full age 55 withrawal?
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Yes bday is the cut off point
ikanbilis
post Oct 7 2022, 06:05 PM

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I saraan increase to RM300 rclxms.gif

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ikanbilis
post Jan 25 2023, 12:47 PM

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Im testing using Epf app and Public bank online i-saraan to see which one would be updated first or both same time.
ikanbilis
post Jan 25 2023, 07:34 PM

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QUOTE(CommodoreAmiga @ Jan 25 2023, 06:01 PM)
The i-saraan is automatic right? It will automatically portion to your i-saraan first? The app didn't let me choose anything.
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Epf app cannot choose but pbb online can choose whether i-saraan or normal contribution.
ikanbilis
post Jan 26 2023, 04:27 PM

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QUOTE(joice11 @ Jan 26 2023, 04:10 PM)
for this i-saraan, may i know how long normally u can get the insentif  (RM250) credited to your acc? my case is about 1 month, deposit mid aug 22, get it in mid sept. But my friend deposit Oct 22, unitl today still not in yet. How to check the status whether he is entitle or not? He is doing part time job but no contribution from employer.
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Deposit in Oct will get the incentive on March 2023
ikanbilis
post Feb 24 2023, 06:42 PM

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QUOTE(TOS @ Feb 24 2023, 05:38 PM)
Will i-saraan continue as usual? I can't find this info anywhere in budget-related news sites.
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I-saraan increase to RM300

https://www.thesundaily.my/local/govt-to-ra...0000-FA10679084

This post has been edited by ikanbilis: Feb 24 2023, 06:47 PM
ikanbilis
post Feb 28 2023, 01:18 PM

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This would be my only self contribution to epf this year

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ikanbilis
post Feb 28 2023, 04:06 PM

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QUOTE(download88 @ Feb 28 2023, 03:08 PM)
saraan already confirmed?
seem like this year need 2k to grab bonus 300, last year only 1667
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Saraan already mentioned in budget. I see no reason it not approve in parliament. Its just a continuation from previous years.
ikanbilis
post Jun 1 2023, 02:51 AM

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QUOTE(timeekit @ Jun 1 2023, 02:08 AM)
Hi Sifus,

Would like to enjoy the I-saraan 15% contribution mirror by the govt capped at rm 300
In the Maybank website there are 2 option, self contribution and I-saraan contribution

I have always been choosing the self contribution part, because i had called the staff before and they weren't familiar on this and mention to just proceed with the self contribution option.
This time i chose the i-saraan option, and i initially assume they wont create a new category in the app but combine it with the self contribution part, but seems they did create a new category under i-saraan

So my question is, would you happen to know if they will look at the self contribution part or the i-saraan part when the calculate how much i have contributed, or they combine both?

Note i have already registered myself for the i-saraan program prior to performing both the self and i-saraan contribution.

user posted image
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Only the i-saraan part count towards the gov incentive rm300.
ikanbilis
post Jun 6 2023, 12:51 PM

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QUOTE(Sihambodoh @ Jun 6 2023, 12:21 PM)
Test transfer directly from m2u to EPF. Not via i-akaun
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I tested transfer to EPF from my online bank account and i-akaun at same time. Results were both transfers appeared on T+2.
ikanbilis
post Jul 5 2023, 11:07 PM

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QUOTE(coolguy_0925 @ Jul 5 2023, 03:22 PM)
hohoho

EPF CEO just spoken they are now 'studying'

Next... limiting withdrawal for 55yo

No more lump sum withdrawal

Only can withdraw periodically
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That is why i refuse to self contribute any more savings into epf after so much political interference with the fund. Imagine you have an emergency and epf tell you that you can only take out rm1k per month until 75 years old. My money, i want to be able to take out anytime i want after 55yo. bruce.gif

This post has been edited by ikanbilis: Jul 5 2023, 11:12 PM
ikanbilis
post Jul 28 2023, 11:56 AM

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QUOTE(kechung @ Jul 28 2023, 11:52 AM)
For i-saraan self contribution in 1st half 2023, is there any one here already received the 15% incentive ?
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Not yet. If follow last year should receive in Sep.
ikanbilis
post Oct 25 2023, 02:23 PM

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QUOTE(gashout @ Oct 25 2023, 11:12 AM)
awesome, if that is the case, min contribution assuming at 6% is RM8350 contribution to get RM500/ yr from gomen
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The gov will match 15% of the contribution therefore to get rm500 is to contribute rm3334.
ikanbilis
post Nov 23 2023, 01:18 AM

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I-saraan RM300 has been deposited into our epf account
ikanbilis
post Nov 24 2023, 11:28 AM

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QUOTE(joice11 @ Nov 24 2023, 11:23 AM)
my friend deposit in aug lump sum RM2k, still not revieved the RM300. Anyone deposit after jul (lumps sum RM2K) and recieved the RM300?
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Any contribution made from July to Dec will receive the 300 incentive in March 2024 or later.
ikanbilis
post Jan 10 2024, 03:54 AM

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My recent self-contribution:

Transferred using PBB i-saraan - Monday 8 Jan

Reflected in app - Wed 10 Jan, after 12 midnight

Contribution date in app - Tue 9 Jan

This post has been edited by ikanbilis: Jan 10 2024, 03:54 AM
ikanbilis
post Jan 11 2024, 07:27 PM

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QUOTE(nexona88 @ Jan 11 2024, 09:29 AM)
Huh?

Since when change to 55yo

This year after increase to rm500???...
Wahhh this Madani gomen really cunning one...
Increase higher to rm500, reduced the age to 55yo....
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I still think the isaraan incentive age is up to 60yo based on the updated KWSP page 3 Jan 2024 and reply from KWSP comments today…

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This post has been edited by ikanbilis: Jan 11 2024, 07:29 PM

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