How many percent now for employer and employee?

Self contribute on Sunday night via Maybank desktop web.
Monday no update in EPF
Tuesday morning amount already reflected in EPF.

Reflected in EPF as credit on Monday or Wednesday?

If clicked on Add Contribution, keyed in the amount, selected the bank and met with FPX page not available, is this because a process has not been completed?

Happened to my own account and elder's.

The monthly drawdown, explained EPF, was where a portion of the member’s savings, up to a certain limit, will be converted into a monthly income and the remaining portion can be withdrawn lump-sum, is needed to prevent old-age poverty and for consumption smoothing during retirement.

By right after 75, all their fund will be depleted.

existing members will be able to transfer their savings from Accounts 1 and 2 to Account 3 and be able to make unconditional withdrawals

Open for fir abuse

hear first...  its really unbelievable.... truly surprising...

same dividend rate but more flexibility? really got frog jumping around on the street?

Ahhhh...

Lower dividend payout...

But next question.... How lower compared with the existing 2 account? 😁

100k is easy
even hutang acc2 
hahaha

but your banks limit allow it or not

most banks I know 50k only the limit 

so how to lum sum 100k      50k x2 only 

yup.

unless u want go old school way...

bankers cheque & straight to EPF office,... pay at the counter 

Total statutory contribution amount annual limit.. does such thing exists ?

I got a stupid question.
If I put in 100k max contribution now (18.10.2023) and I take out 100k in 1.12.2023, will there be dividends due for november on the 100k invested?

Before we get off-topic too much, has anyone received their 300 MYR i-saraan contribution?

it seem like not approve yet in budget?

Hey Sifu,

Would just like to confirm, 'Self-contribution' and 'i-Sarran' are two different things?
Self-contribution is for all members below age of 75.
i-Saraan is only for self-employed/no fixed income/gig workers below age of 60.

Let's say my friend interested to put into self-contribution;
Is it just another account that follows the annual EPF return rate?
It will be divided 70:30 into the existing acc1 and acc2, so it has the same dividend rate.

If my friend is an employee and age 58, will he be able to self-contribute?
Yes.

Just require some clarification since I saw some saying it is only eligible for non-employee and self-contribution is related to unit trust instead of EPF return rate.

HI, wanted to ask you all my mom just receive a letter from EPF stating that she can no longer deposit any money into EPF account after the age of 75, and as such should stop contributing into it immediately. I thought EPF can top up until 100 years old?

I assume you replied "self-contribution" + company total limit is RM100K per yr. right?

epf can contribute till what age again 70 ?

after 70 can leave it there for have to take out everything ?

not really. for those who dun need it in the first place, why need to be troubled by paperwork to opt out?