Thks. I read already. He says cant..😥

May-Jun19 contribution = 15% incentive bank in Oct 2019

Jul-Dec19 contribution = 15% incentive bank in Feb 2020.



Jan-Sep18 & Jan-Feb19 using CIMB, no 15% incentive bank in. Email complain.

EPF explain have to use MBB and PBB with the feature of i-Saraan contribution. Refer Page6 Post135 by birdman8 for the outlook.

CIMB at that point of my contribution did not have the selection of i-Saraan contribution.

I would presume its not automatic that the EPF contribution will be reduced from 11% to 7%?

No.
You need to submit a return form like previous 2 rounds.

yes auto unless you wish to opt out then you need to submit a form

you can withdraw any amount that is above 1m
eg. acct 1 - 1.2m, acct 2 - 700k
you can withdraw 900k total

Any amount above rm1M can be withdrawn anytime. It doesnt matter whether its in acct 1 or acct 2. Probably
the funds will be drawn from acct 2 first followed up acct 2z

Have you receive the incentive in Feb 2020?

yes. as above mentioned.

The incentive also calculate for dividend payment. double happy

seems that the form is not available for download yet

I like to ask to get the RM4k tax relief for income tax deduction, i need to put RM4k to self contribution EPF?

Are you still employed?
It covers self contribution too.

Yes, employed.
So i need to like use M2U to place 4k self contribution in order to get the 4k relief?

Max tax relief of 4k is inclusive of your statutory deduction as an employee n self contribution...
Thus if Yr employee portion of the epf deduction is already 4k...you cannot get extra tax relief if you do self contribution.

question answered = thanks all

This post has been edited by idoblu: Mar 7 2020, 11:39 AM

may not answer your query, but hope that this would be just an added info to you and others

not sure about Maybank, but for PBB there is a forummer posted
"For self contribution, its possible to transfer RM60K one shot on PB e-banking."
"Using PBB ebanking, no security device.
For Rm60K one transaction, just using fone and TAC number."

if interested can check out more of his postings in
page 195, post 3900
page 196, post 3906, 3910
page 197, post 3929
EPF DIVIDEND, EPF
https://forum.lowyat.net/topic/2705461/+3900

thus if confirmed Maybank has limits of 5K, then maybe you can consider PBB online then?

thanks

Just make multiple 5k via M2U into EPF, can do multiple transactions in a single day.
Cannot raise limit, that is the max.

ah thats what i have been doing, multiples of 5K
thanks for letting me know, strange this maybank told me 15K limit