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 EPF - self contribution, need advise

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nexona88
post 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 rclxms.gif

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....
potatobanana
post 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. hmm.gif
ikanbilis
post Nov 23 2023, 01:18 AM

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I-saraan RM300 has been deposited into our epf account
poweredbydiscuz
post 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. hmm.gif
*
Jack&Guild
post 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
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finally rclxms.gif
nexona88
post Nov 23 2023, 08:59 AM

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AFTER SO LONG WAIT drool.gif rclxm9.gif

user posted image
kechung
post Nov 23 2023, 10:13 AM

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QUOTE(nexona88 @ Nov 23 2023, 08:59 AM)
AFTER SO LONG WAIT  drool.gif  rclxm9.gif

user posted image
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Yes, I got for my son also. Lump sum RM300 at one go, wonderful!!!
coyouth
post Nov 23 2023, 10:17 AM

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walao wei. most of you guys here are already so loaded but tiap tiap hari talking and waiting for a mere rm300 and so happy that it's in. laugh.gif shakehead.gif rclxs0.gif

This post has been edited by coyouth: Nov 23 2023, 10:18 AM
kechung
post Nov 23 2023, 10:23 AM

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QUOTE(coyouth @ Nov 23 2023, 10:17 AM)
walao wei. most of you guys here are already so loaded but tiap tiap hari talking and waiting for a mere rm300 and so happy that it's in.   laugh.gif   shakehead.gif  rclxs0.gif
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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
killeralta
post Nov 23 2023, 10:47 AM

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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?
poweredbydiscuz
post 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.
virtualgay
post Nov 23 2023, 10:56 AM

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QUOTE(nexona88 @ Nov 23 2023, 08:59 AM)
AFTER SO LONG WAIT  drool.gif  rclxm9.gif

user posted image
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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
elea88
post Nov 23 2023, 10:57 AM

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QUOTE(coyouth @ Nov 23 2023, 10:17 AM)
walao wei. most of you guys here are already so loaded but tiap tiap hari talking and waiting for a mere rm300 and so happy that it's in.  laugh.gif  shakehead.gif  rclxs0.gif
*
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
nexona88
post 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
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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


Wedchar2912
post Nov 23 2023, 12:31 PM

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QUOTE(nexona88 @ Nov 23 2023, 08:59 AM)
AFTER SO LONG WAIT  drool.gif  rclxm9.gif

user posted image
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just to add to the stats. confirmed received mine also this morning. tq gov of Malaysia!

next year, 500rm baby... smile.gif
frankliew
post Nov 23 2023, 01:45 PM

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Yeah. Received. Rm500 nx year. Huhu
virtualgay
post Nov 23 2023, 01:54 PM

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QUOTE(frankliew @ Nov 23 2023, 01:45 PM)
Yeah. Received. Rm500 nx year. Huhu
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jealous la... all bosses get
me kuli tak dapat anything extra from gov
ronnie
post 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
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same same.... life's unfair... live with it.
nexona88
post 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... smile.gif
*
Expect same delay payment 😕

No more September but November now
kechung
post Nov 23 2023, 03:13 PM

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QUOTE(nexona88 @ Nov 23 2023, 02:22 PM)
Expect same delay payment 😕

No more September but November now
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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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