But buy but. (I was waiting for someone to calculate the loss of interest from gov contribution)

300 @ 6% pa for 2 months late, means 3 rm loss.
1 kopi ping eh.

since we are discussing about self contribution here. One of the purpose is for tax exemption. Is the coming YA2024 similar to YA2023? Cos epf tax exemption method is not mentioned in the latest budget 2024.

hmmm...
not next year huh???

already have new ruling now??

what I know those top up Jan - June Period gets the incentive around September (now is Nov)

July - Dec top up gets around March Next year (now should be May or June)...

cukup la tu. time to relax at that age rather than further savings.

Maybe the son have some plans with the $$$

Keep deposit.... They enjoy later on 😁

Endless Possibilities yo

This post has been edited by nexona88: Nov 23 2023, 08:12 PM

The facts is top up $1K in Apr & another 1K in Jul & received incentive $300 on 22/11/23.
That's why I asked.
Apparently most of you here top up 2K in 1st half & didn't notice this.

my friend deposit in aug lump sum RM2k, still not revieved the RM300. Anyone deposit after jul (lumps sum RM2K) and recieved the RM300?

Any contribution made from July to Dec will receive the 300 incentive in March 2024 or later.

Ooh July also counted...

Was thinking until June only...

So now they lum January - July Period

Thanks for the information 🙏

Yup, from the postings here, it seems Jul is in but Aug not.
Any friends here top up in Jul also?

This post has been edited by kechung: Nov 24 2023, 11:35 AM

Looks like now there's some minor changes...

Since they credit the $$$ late in November instead of the usual September....

July deposit also counted boss 🙏

January - July deposit gets $$$ in November too

This post has been edited by nexona88: Nov 24 2023, 11:38 AM

nothing to do with bosses/kuli

all those gig workers also will get as long as self-contribute to epf

I tried to make a small contribution via the kwsp app, chose my bank and the transfer went thru after tac approval but when back, showed some page say fpx duplicate detected blah blah. Went back to the kwsp app and didn't show any acknowledgement.

Since this is my first time doing transfer, can I ask does the kwsp app show any acknowledgement after contribution went through? (Whether immediately in app or after a few days). I look in the app, it still says no self contribution for November. The money has been deducted from my bank account tho..hmm.

Alamak. Be patient. It will not reflect immediately nor show acknowledgement. They won't update on sat or Sunday and it takes 3 working days usually. Check it on Tuesday night 12am. They usually update it at night around 12am.

Thanks. As I mentioned is my first time making online contribution. Needing a few days to reflect in the balance is fine and understandable but some form of acknowledgement that the contribution has been received is to me basic etiquette of online transaction.

That's the thing about EPF..

No acknowledgement email or any shits...

Deposit $$$ or registration of i-saraan 😁

when you send money to someone bank... someone bank never acknowledge you also what...

so same same... status quo only mah...

you have receipt. that is acknowledgement

they will be reflected 2 days if smooth.

"With savings of less than RM10,000, members are expected to have a retirement income of less than RM42 per month for a period of 20 years.

hai income nation indeed

what have they been doing?

The statistics is not accurate at all. Do you know how many are actually paying tax and epf in Malaysia? Some without EPF have more than a million as FD or equity.