they got printer ma... can print plenty...

May be the delay is due to stricter qualification process?

Maybe check LHDN if you truly have no employer EPF contribution.

This what I'm saying from start...

Got people not qualified still getting the $$$...

And some nuts cases would ask what / how they check. On what basis?

How do I know... EPF might have different requirements... MoF might have different sets of rules....

The only requirement is people not Getting employer contributions for the last 12 months. Not hard to check. Don't speculate so much lah. One line of SQL can pull out that data already. Another new criteria now is max RM5k. I don't think anyone hitting that yet because that will need over 10 years based on previous RM300 limit.

Yet still didn't see anything in the account...

Something really cooking somewhere.... But we don't know what's is that...

Sure there's reason....

Correct. No need speculate. I already sent in to them my query few days ago and the simple answer I got is EPF is yet to get the incentive from the finance ministry.

Finally I see a rational response

The speculative circus over RM300 (we already know it’s coming) was entertaining at first but c’mon lah

Would be fun the $$$ received in January 2024 only

October coming to end already

This post has been edited by nexona88: Oct 20 2023, 05:48 PM

those who have yet to do self contribution please read this and it might change your mind:

https://www.kwsp.gov.my/en/web/guest/w/budg...-infrastructure

Expanding the scope of annual tax relief for life insurance premiums or life takaful contributions to cover voluntary contributions to the EPF of up to RM3,000
The EPF welcomes the initiative to expand the scope of annual tax relief for life insurance premiums or life takaful contributions to cover voluntary contributions to the EPF of up to RM3,000. This initiative can be enjoyed by all workers, both in the formal or informal sector, who make voluntary contributions to the EPF. This means that a member who contributes compulsorily (tax relief up to RM4,000) and increases savings with voluntary contributions or voluntary excess or both will be able to enjoy tax relief of up to RM7,000. This effort will encourage more Malaysians to increase their retirement savings for old age.

My insurance already >RM3k which fills up the RM7k quota
RM7k Tax relief = RM4k EPF + RM3k Insurance & EPF Self Contribution

what insurance you buy? so expensive

Insurance covers Me & Family.... all million RM medical coverage

And keep increasing time to time....

As u aged 😁

I mean the payment made to the company

it seem like not approve yet in budget?

It is really cheap, only covers medical right?

This post has been edited by MGM: Oct 25 2023, 12:17 AM

Makes me scared guys open thread showing their half pumped muscle and do a AMA thread.

What's max 5k? Total contribution from government you mean.

This is 2023 budget. Already approved long time ago.

Yes.

The new i-saraan scheme

5k for lifetime from government...

Basically u got maximum 10 years only (500 for each year)

max 500/ yr? i thought 300/ yr.


below is 1-saraan

Annual Dividend
Enjoy annual dividends on top of your retirement savings.

Special Incentive
By 15% of the total contribution up to a maximum of RM300 in the current year following government terms and conditions.

Tax Exemption
Subject to IRB terms and conditions.

Death Benefit
Subject to EPF terms and conditions.