Mar 12 2023, 10:45 PM
QUOTE(Sitting Duck @ Mar 12 2023, 10:27 PM)
Hi,
https://www.kwsp.gov.my/member/overview#InvestmentDividends
Based on the EPF Website:
"Whereas your monthly contributions will earn dividends based on:
A day in the month of said contribution
Said month's contribution will earn dividends based on the daily calculation starting the following month until the end of December of that year"
Can someone confirm that money deposited say in the middle of the month would only stat earning interests on the 1st of the following month?
Therefore if I plan to deposit 60k for self contribution last week in March , the 60k should be earning interests at the 1st of April. Is my assumption correct?
Thank you.
Correct, provided it arrives in your account by 31st Marchhttps://www.kwsp.gov.my/member/overview#InvestmentDividends
Based on the EPF Website:
"Whereas your monthly contributions will earn dividends based on:
A day in the month of said contribution
Said month's contribution will earn dividends based on the daily calculation starting the following month until the end of December of that year"
Can someone confirm that money deposited say in the middle of the month would only stat earning interests on the 1st of the following month?
Therefore if I plan to deposit 60k for self contribution last week in March , the 60k should be earning interests at the 1st of April. Is my assumption correct?
Thank you.
This post has been edited by Human Nature: Mar 12 2023, 10:45 PM
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