Past postings by forummers mentioned that,
The whole of last batch of money transacted would be auto returned,.....
But I think it maybe depending if the money that was fpx to kwsp is of the same name of the bank's a/c name n the kwsp recipient's name....
If not same, ....?? 🤔🤔

Anyone can advise if i do self contribution and bank in more than RM60K in my own EPF acc, where will the money go to? they will bounce back to my account or ???

As per a 2021 postings..

hi, anyone tried using self contribution epf as documents for loan? will bank accept it? lets say i am employed by acompany from oversea country but work from home in malaysia. the company doesnt pay me epf/socso. so i will have to do self contribution.

thanks @MUM.... after the call.... wonder how they do the refund?

thanks @MUM.... after the call.... wonder how they do the refund?

My wild guess, most probably they will just refund you thru the bank a/c,

1) self contribution is maximum RM 60K (per annum limit) which is on top of and separate from your salary contribution from employment

2) if your balance is > RM 1 million, any balance above that can be withdrawn at your discretion anytime. Only limit is rm30K per day via i-akaun. If you waish to withdraw more than RM 30K, you will have to get it done physically via any EPF branch.

For contributor over age 60, is there any limit for withdrawal amount if present physically at branch? Can online withdrawal of 30K per day be done consecutively for 20 days? (Total amount 600K). Thanks.

For contributor over age 60, is there any limit for withdrawal amount if present physically at branch? Can online withdrawal of 30K per day be done consecutively for 20 days? (Total amount 600K). Thanks.

Hi is Malaysian EPF a safe investment? Worried with corruption, weakening of economy… just a concerned citizen

Self contribution will hv a different input code which will be different from the normal monthly mandatory employee contribution. Bankers will know.
Money in epf is creditor proof.. Something similar to money in insurance.
Money in epf will just display your asset which will have little use for the bankers in the event you defaulted from loan repayment....
My uneducated guess is that bankers may gives some consideration to the consistency, frequency, amount and the history of your track records in doing self contribution.

Hi is Malaysian EPF a safe investment? Worried with corruption, weakening of economy… just a concerned citizen

Are there any differences between self-contribution and normal employee contribution when applying for a loan?

just a hypothetical question:

as i'm planning to let go a property and thinking of dumping the net amount from the proceed into my epf via the self-contribution (albeit only 60k per year)

so say after many years doing this 60k per year + my employment contributions, i manage to reach the 1M figure. may i know if i'll be able to withdraw any figures above the 1M freely without any conditions? regardless if the figures are from my self-contribution or monthly employment contributions? and if i'm able to withdraw any amount (with the balance still at 1M) at anytime i wanted to?

the reason is i would like to know if it's fluid enough for any normal/emergency usage while still being "forced" to keep at least 1M for my retirement, although it's most likely not sufficient by the time.

thanks

RM60k per year (Inclusive ongoing salary + employer contribution) ? Example monthly RM2k x 12 months = RM24k - balance RM36k
Is it ?