Welcome Guest ( Log In | Register )

Outline · [ Standard ] · Linear+

 EPF - self contribution, need advise

views
     
SUSTOS
post Oct 11 2023, 04:32 PM

Look at all my stars!!
*******
Senior Member
8,667 posts

Joined: Aug 2019
From: Penang <-> Singapore


QUOTE(jas029 @ Oct 11 2023, 04:03 PM)
browsing through, i suppose most here haven't got the RM300 i-saraan incentive?

wonder any idea what caused the delay? usually payout is on Sept (for contribution Jan-June) yearly
*
Cheng hu bo lui laugh.gif

» Click to show Spoiler - click again to hide... «

SUSTOS
post Oct 19 2023, 07:32 AM

Look at all my stars!!
*******
Senior Member
8,667 posts

Joined: Aug 2019
From: Penang <-> Singapore


Before we get off-topic too much, has anyone received their 300 MYR i-saraan contribution?
SUSTOS
post Oct 30 2023, 11:30 AM

Look at all my stars!!
*******
Senior Member
8,667 posts

Joined: Aug 2019
From: Penang <-> Singapore


QUOTE(dreamchaser88 @ Oct 30 2023, 10:57 AM)
May I know 14 years old kid can enjoy the i-Saraan benifits from government (15% interest) as well ?
*
Yes, you tell EPF officer your kids do housework, clean toilet, prepare food etc. laugh.gif

Ada gaji 500 MYR sebulan laugh.gif
SUSTOS
post Oct 30 2023, 12:16 PM

Look at all my stars!!
*******
Senior Member
8,667 posts

Joined: Aug 2019
From: Penang <-> Singapore


QUOTE(virtualgay @ Oct 30 2023, 12:07 PM)
Youngest what age can open EPF?
*
Used to be 14, the legal age someone can start entering the labour force. Now I think it's 15 or higher.
SUSTOS
post Nov 20 2023, 11:38 PM

Look at all my stars!!
*******
Senior Member
8,667 posts

Joined: Aug 2019
From: Penang <-> Singapore


Is there any change to the i-saraan scheme announced in Budget 2024?

https://www.sinchew.com.my/news/20231120/nation/5141182

Seems like now there is a matching sum of 500 MYR instead of 300 MYR but now there is an additional maximum "lifetime" limit of 5000 MYR.

Previously I only recall a raise of matching sum from 250 to 300 MYR.

This post has been edited by TOS: Nov 20 2023, 11:43 PM
SUSTOS
post Nov 30 2023, 01:09 PM

Look at all my stars!!
*******
Senior Member
8,667 posts

Joined: Aug 2019
From: Penang <-> Singapore


QUOTE(bearbear @ Nov 30 2023, 12:34 PM)
Sorry I'm new to this isaraan

For my wife which is a housewife, I just need to deposit 2000 into her active epf account thru online banking then just wait for the 300 to come in ?
*
Your wife is a person, not a thing... laugh.gif

For my wife which who is a housewife...

Ok lah off topic lol
SUSTOS
post Oct 21 2024, 09:12 PM

Look at all my stars!!
*******
Senior Member
8,667 posts

Joined: Aug 2019
From: Penang <-> Singapore


A lovely story about i-saraan: https://northern.sinchew.com.my/news/202410...7295096221e30ff

This post has been edited by TOS: Oct 22 2024, 07:47 AM
SUSTOS
post Oct 22 2024, 04:52 PM

Look at all my stars!!
*******
Senior Member
8,667 posts

Joined: Aug 2019
From: Penang <-> Singapore


QUOTE(CommodoreAmiga @ Oct 22 2024, 09:20 AM)
Where got translate 404. Semua Cina.
*
Just use Google Translate. It's integrated into Microsoft Edge and Google Chrome in my case.
SUSTOS
post Oct 23 2024, 09:35 PM

Look at all my stars!!
*******
Senior Member
8,667 posts

Joined: Aug 2019
From: Penang <-> Singapore


QUOTE(frostfrench @ Oct 23 2024, 09:21 PM)
Thanks for sharing.

For a 14yo child epf account, the self contribute amount maximum is also same 100k? right?
*
Seriously, you wanna give your 14-year old kid 100k per year?

For i-Saraan, usually people game abuse "play around" the system to earn the maximum 15%, 500 MYR government incentive, which requires 3334 MYR deposit per year...

Next year it will be raised to 20%, so you need to deposit only 2500 MYR to earn the 500 MYR incentive.

----------------------------------

But that said, back to your question, yes it's 100k per year: https://www.kwsp.gov.my/en/member/savings/i-saraan

QUOTE
The maximum accumulated limit for Voluntary Contributions (Self Contribution, i‑Saraan Contribution, i‑Suri Contribution and Akaun Persaraan Top‑up Savings Contribution) across all payment channels is RM100,000 per year

SUSTOS
post Oct 23 2024, 09:39 PM

Look at all my stars!!
*******
Senior Member
8,667 posts

Joined: Aug 2019
From: Penang <-> Singapore


QUOTE(nexona88 @ Oct 21 2024, 10:34 AM)
What you mean left RM1200 to take???

Lifetime is 5k starting year 2024...

Before that not counted....
*
Last year also the same right, lifetime 5k starting from 2023...

So if they continue like that, that means effectively, there is NO lifetime limit... because every year they count from next year onwards... (up until 60)

Wow, Malaysia cheng hu give 20% p.a. return on 2500 MYR every year!
SUSTOS
post Oct 23 2024, 10:46 PM

Look at all my stars!!
*******
Senior Member
8,667 posts

Joined: Aug 2019
From: Penang <-> Singapore


QUOTE(nexona88 @ Oct 23 2024, 10:00 PM)
2023 got lifetime 5k thingy meh??

I remember this 5k lifetime only enforced after they start giving 500 (which is Year 2024)..

The 300 period one no 5k lifetime...
*
Ah yes 2024..., can't remember if 2023 got this or not... Web Archive only captured August 2024 snapshots, so I can't check 2023's FAQ also...

3 Pages < 1 2 3Top
 

Change to:
| Lo-Fi Version
0.1179sec    0.71    7 queries    GZIP Disabled
Time is now: 1st December 2025 - 05:08 PM