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EPF - self contribution, need advise
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nexona88
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Nov 22 2023, 06:49 PM
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QUOTE The government announced in Budget 2024 an increase in the matching grant limit under the i-Saraan programme from RM300 to RM500 per year, subject to a maximum limit of RM5,000 for each eligible individual throughout their lifetime from 300 to 500... good BUT current rm300 for Jan - June still not in at those qualified i-saraan members which normally in around Sept each year... Now already near ending Nov going to Dec already....
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potatobanana
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Nov 23 2023, 12:09 AM
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Hey Sifu, Would just like to confirm, 'Self-contribution' and 'i-Sarran' are two different things? Let's say my friend interested to put into self-contribution; Is it just another account that follows the annual EPF return rate? If my friend is an employee and age 58, will he be able to self-contribute? 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.
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ikanbilis
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Nov 23 2023, 01:18 AM
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I-saraan RM300 has been deposited into our epf account
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poweredbydiscuz
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Nov 23 2023, 07:38 AM
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QUOTE(potatobanana @ Nov 23 2023, 12:09 AM) 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. 
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Jack&Guild
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Nov 23 2023, 08:00 AM
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QUOTE(ikanbilis @ Nov 23 2023, 01:18 AM) I-saraan RM300 has been deposited into our epf account finally
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nexona88
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Nov 23 2023, 08:59 AM
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kechung
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Nov 23 2023, 10:13 AM
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Getting Started

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QUOTE(nexona88 @ Nov 23 2023, 08:59 AM) Yes, I got for my son also. Lump sum RM300 at one go, wonderful!!!
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coyouth
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Nov 23 2023, 10:17 AM
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kechung
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Nov 23 2023, 10:23 AM
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Getting Started

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QUOTE(coyouth @ Nov 23 2023, 10:17 AM) I think most of us here work hard to get to where we are now & we treasure every dollar & cent. This post has been edited by kechung: Nov 23 2023, 10:24 AM
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killeralta
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Nov 23 2023, 10:47 AM
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Getting Started

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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?
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poweredbydiscuz
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Nov 23 2023, 10:55 AM
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QUOTE(killeralta @ Nov 23 2023, 10:47 AM) 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? Self contribution only until 75. Dividend will be given until 100.
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virtualgay
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Nov 23 2023, 10:56 AM
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QUOTE(nexona88 @ Nov 23 2023, 08:59 AM) Making rich ppl richer The B40 who don't use or don't know I saraan won't benefits from it Later gov will again say I saraan not effective
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elea88
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Nov 23 2023, 10:57 AM
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QUOTE(coyouth @ Nov 23 2023, 10:17 AM) how u think we reach our loaded stage? from RM 1 and RM 300 LA.. A dollar save is A dollar earn..!!! When you save money work for you... When you spend money working against you. this RM300 some more will be compounded in the future
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nexona88
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Nov 23 2023, 11:47 AM
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QUOTE(virtualgay @ Nov 23 2023, 10:56 AM) Making rich ppl richer The B40 who don't use or don't know I saraan won't benefits from it Later gov will again say I saraan not effective That's why limited to 10years only lifetime 😜 Stop it, PN says gomen tak perihatin, kejam etc. Don't stop also kinda burdened.... If keep giving forever.... So now limited to maximum 10year only for your lifetime 😁 Basically they saying... Better get monthly salary jobs after 10years for those below 40yo
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Wedchar2912
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Nov 23 2023, 12:31 PM
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QUOTE(nexona88 @ Nov 23 2023, 08:59 AM) just to add to the stats. confirmed received mine also this morning. tq gov of Malaysia! next year, 500rm baby...
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frankliew
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Nov 23 2023, 01:45 PM
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Yeah. Received. Rm500 nx year. Huhu
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virtualgay
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Nov 23 2023, 01:54 PM
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QUOTE(frankliew @ Nov 23 2023, 01:45 PM) Yeah. Received. Rm500 nx year. Huhu jealous la... all bosses get me kuli tak dapat anything extra from gov
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ronnie
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Nov 23 2023, 02:20 PM
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QUOTE(virtualgay @ Nov 23 2023, 01:54 PM) jealous la... all bosses get me kuli tak dapat anything extra from gov same same.... life's unfair... live with it.
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nexona88
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Nov 23 2023, 02:22 PM
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QUOTE(Wedchar2912 @ Nov 23 2023, 12:31 PM) just to add to the stats. confirmed received mine also this morning. tq gov of Malaysia! next year, 500rm baby...  Expect same delay payment 😕 No more September but November now
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kechung
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Nov 23 2023, 03:13 PM
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Getting Started

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QUOTE(nexona88 @ Nov 23 2023, 02:22 PM) Expect same delay payment 😕 No more September but November now As a whole, in fact alright bcos self contribution in 2nd half year also received incentive within the year. For those who has not top up, i wonder when will they receive if they top up now?
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