should be prorated 1 month....

But then they don't pay us 12x for Jan contribution 😊 if compounded would be really kao kao

they would pay you full dividend rate in Feb/Mar 2023 announcement

You can ask your HR to arrange for you to pay more than 11% of employee EPF if you project yourself to have a lot of extra cash every month.

has anyone here opted to contribute higher than 9 % or 11% a month?

15% here

1 May

Thanks for your reply.

May I know where you get answer?

Why EPF date reflected on 1 April 2021, "EPF caruman date" is wrote "Apr 2021"?
others after 1 April 2021, "EPF caruman date" is wrote "May 2021"?

I guess is
"EPF caruman date" is wrote "Apr 2021" this is mean start from "1 Apr" count dividend.
"EPF caruman date" is wrote "May 2021" this is mean start from "1 May" count dividend.
Do you think above right or wrong?

maybe this?
Simplified explanation

Your balance from previous year will be given full % dividend
Your contributions in the current year will be given prorated based on N months. For example:-
January: 11/12 mths
February: 10/12 mths
https://mypf.my/investing/retire/epf-histor...onth%20dividend.

Monthly contribution start earnings dividend only on the last day of the month irrespective the actual day the monthly contribution is deposited

https://1-million-dollar-blog.com/how-to-ca...e-epf-dividend/

Thanks for your reply.

Yes.

Cause mistake and very small amount only, but just curios.

Amount reflected on 1 March 2021 but "EPF caruman date" wrote "March 2021", don't know 01 - 31 March get dividend or not?

Yes.

If the EPF wrote "May 2021", then sure, but only first of the month will wrote "Apr 2021". Cause the amount too small, I also unable count it. Just like that.

Thanks all.

Sharing my experience for self epf contribution

1 March : Deposit through PBB

2 March : Not reflected yet on I-account

3 March : Reflected on i-account after 12am. The contribution date is written as 2 March

Conclusion : Epf confirm your deposit one day after you make the online deposit. Reflected on i-account after 2 days.

No....based on the wordings...(in earlier post)
Your contributions in the current year will be given prorated based on N months. For example:-
January: 11/12 mths ....(any day within January)
February: 10/12 mths...(any day within February)

Alway thanks mum mum.

Only can accept fact, no.

I think just like others, first of month is trade day, now only can assumed EPF not like that.

Thanks.

Hi,

EPF annual dividend is paid based on the number of monthly contribution. All deposits made by employers must be done on or before 15th day of each month. Dividend will be paid in full if the criteria above is met or severe penalty will be imposed on the employer who failed to do so as to be fair to other contributing members.

Based on your post,...
If i had not been working for 10+ months and only started to work in Nov, my boss started to key in my contribution on 10 Dec.... That means I will still get pro rated 1 mth dividend for that year?

I self contributed a small amount , and it was reflected on the EPF online the next day.

- paid through Maybank2u portal

Is the incentive 15% bonus for i saraan still going on until year 2022?

I haven deposit for this year yet.

Looking for clarification, asking HR to deduct 15% of our pay for contribution and contributing additional 4% on top of the 11% deducted does nothing for our income tax right?

There was once I heard if company deducts more for EPF, the income tax is lower. Not sure how true is this. Assuming I am above the 6k deductible d.