Hi All,

Have a quick question on self contribution for EPF.

I came thru across below statement in EPF portal. Does that mean if we want to deposit in money to EPF to earn the dividend. Max per year we only can put in 60k?

==========================================

Payment Limit

1. No minimum amount (only in Ringgit); AND
2. Maximum of RM60,000 yearly effective January 2013.

The accumulated maximum limit for Self Contribution, the i-Saraan (previously known as the SP1M) and Top Up Savings Contribution is RM60,000 yearly.

==========================================

THanks

This is i-Saraan is meant for those who currently don't have EPF especially freelancer and work on themselves.

Ahh ok, how about for those already have epf account with age over than 60 . Can they deposit in the money at their EPF account to earn the dividend?

If yes, is there any limit transaction per year? Or any else limitation.

Thanks

Yes. max RM60K/Year

So 60k per year regardless any amount in the EPF account itself right?

How the payment made? At the office itself with bank cheque? Or there is online transfer method?

can roughly base on this for maybank m2u...

http://www.misterleaf.com/9782/epf-self-contribution-online/

or this

https://forum.lowyat.net/topic/4437785/all

This post has been edited by cybpsych: Mar 1 2019, 12:08 PM

Till 75 yo, above that no more divident given to the all the money u got inside.

I think there is no age limit for the epf contributor to receive the dividen now.

True or not? dont simply say la fren...why should EPF chase $$$$$$$$ from its pocket ???

I did additional contrib fr CIMBclick on 25.2.2019 9.00am, reflected in KWSP online dated 26.2.2019 . 1 day lapse quite good.
easy and convenient unlike the hassle of ASX captcha.

curious if exceeded RM60k what happened to excess- no dividend?
money returned to bank?

No dividend given I believe.
Money sure won't return to the bank!

If you self contribute, can this be withdraw anytime or still have to wait 55 years old?

Should be still subjected to withdrawal condition.
That's the purpose of government offered that to those who don't have EPF.
Otherwise if can simply withdraw, it'll defeat the purpose right?

sure cannot withdraw la,
masuk anytime, keluar ada syarat.

True or not my friend u can verify with kwsp. The info from kwsp officer unless he is wrong la. There r just too many kwsp money without nominees, so many pass away. For those 75 yo and above, they allow u to keep ur money in, n put some more, but no give u divident liao. As long as u happy and can live longer no harm u wanna keep inside one. But problem when some kwsp owner pass away, that is the real headache since they have to handle the money properly. Malaysian median age of life span is around 78 for female n around 74 for male.

EPF would not pay any dividend for all our money in there when we reach 75yrs old?
then sure must remove all out.......EPF chase old people away.......

EPF PAYS DIVIDEND UP TO AGE 100

The Employees Provident Fund (EPF) wishes to clarify that an old statement about EPF dividend payment until age 75, which is circulating primarily on WhatsApp as well as on other social media platforms is no longer applicable as it is outdated.


http://www.kwsp.gov.my/portal/documents/10..._19.07.2017.pdf

This post has been edited by MUM: Mar 1 2019, 07:36 PM

Just curious. If you are retired (at any age) and no longer work and don't earn any income, can you still do self-contribution to EPF (subject to the maximum of RM 60k).

Source of fund could be from FD interest or kids giving pocket money.

Hi. I have a question.

My ma got EPF account but she had fully withdrew all the money from the account many years ago

Is the account still active?
Can I monthly contribute to the account and how can I do that?

Can. If get questioned, make sure can justify source of money.

Call EPF and ask if account still active. Make sure nomination is what she wants also.

Maybank2u can. Other banks I haven't explore.

Thanks for the heads up.

I self contribution my epf through maybank2u yesterday.

Today it's still not shown the amount in kwsp online.

May I know when will it shown in my kwsp online? Thanks

just wait for a day or 2 laaa..

for self contribution
- can use CIMB and MBB
- enjoy dividend rate as usual

VS.


for I-Saraan/I-Suri
- only via MBB and Public Bank, others bank do not have this selection
- enjoy dividend rate as usual
- addition government incentives

http://www.kwsp.gov.my/en/member/contribution/i-saraan
Opted to contribute under i-Saraan
As a member under this incentive, you will receive a 15% government contribution (a maximum of RM250/year [Effective 1 Jan 2018]) on top of your own contributions.

http://www.kwsp.gov.my/member/contribution/insentif-suri
Housewives who are registered in the National Database on Poverty (eKasih) as of 30 Nov 2018
Receive government contribution of RM200* in 2018, and RM480 per annum in the subsequent year.
Must contribute a minimum of RM5 per month or RM60 per annum into your EPF account.

Hi all.

I would like to confirm if students can invest in EPF for their retirement needs in the future.

I phoned EPF this morning and asked if a student (now 20 years old) who is about to enter university can open an EPF account and begin investing.

The EPF customer service representative said that I can begin investing in EPF now, even though I don't have a job.

I am afraid that sounds too good to be true, so I would like to seek confirmation here.

Anyone here begin investing in EPF when they are students who are not yet working?

Yes I think you can , just go open an account with them, normally an employer opens it for you but I would put it somewhere where is more liquid in case you need the money in the future. Not sure if can withdraw till 55 .

Hi Krv23490. Hope everything is going well for you.

Thanks for the info. I opened my EPF account this morning. There is a nice retirement advisory service provided at my Seberang Jaya branch here.

The i-Saraan scheme is quite attractive, highly recommended for housewife, self-employed, and students alike. You pay any amount you like at anytime and the government will subsidize 11% up to a maximum of RM 250 per year.

Withdrawal is possible before 55. You can withdraw 30% of your EPF (i.e. Account 2) at the age of 50 and for housing, medical and education payments at any age. Link: http://www.kwsp.gov.my/member/withdrawals

(Nice new webpage!)

You are right that there is liquidity risk but since we are saving for retirement, it does not contradict our (should be "my") goals here. A well-diversified investment portfolio should already have included other more liquid investment vehicles.

Just an off-topic question: Is it true that EPF is linked to the 1MDB scandal or had EPF invest in any "suspicious" companies before? Not that I don't trust the board of directors. I never heard any issues with PNB, but various rumours are out there. Not sure who to believe in.

Thanks.

RM250 per year till 2022.

Ah yes. 15% up to a maximum of RM 250.

The advisor didn't mention that the scheme will end in 2022 though. Thanks for the info. I wished that will continue forever...

For voluntary contribution, can we decide which account we want to channel it to or it will still be proportion to 70:30?

looking at how the form is structured....looks like there is "no place" for us to them how we want the allocation to be...
but has this stated......
Amaun bayaran akan dikreditkan ke Akaun 1 ahli
http://www.kwsp.gov.my/documents/20126/147...dXfJvEj0LcYe2uL

This post has been edited by MUM: Jun 30 2019, 11:39 AM

It takes 2 working days at the least.

Distributed in ratio of 7:3



That’s right. Just tried - 2 working days exactly.

What is the maximum amount that can be transferred per transaction ? Can transfer RM60K one shot ? Since the annual limit for self cuntribution is 60K...

they can contribute any amount to the retirement savings fund, the accumulated maximum amount to be contributed into each account, however, remains capped at RM60,000 per annum.

Read more at https://www.thestar.com.my/business/busines...5G2e7eqrTyiq.99

just don't over the RM60k max per calendar year.....
read in LYN....they will refund all the money from the latest contribution.....

it depends on your bank. Most have a 50k limit like how you transfer money to other accounts, though I didn't explore extensively.

self contribution will appear in employee column and it will proportion to 70:30.

Got it, thanks for for the info

If you have more than RM1 million in your EPF, you can withdraw the excess.
http://www.kwsp.gov.my/member/withdrawals/...rm1mill-savings

beLIEve,
1.)I want counting the date and time of i-Akaun appear money, because the appear mean below
if appear in 1 Feb 2020 whole Feb enjoy the monthly interest.
if appear in 31 Jan 2020 lose 1 day interest, but after this Feb and all month enjoy interest.
if appear in 2 Feb 2020 lose whole Feb month interest, but after this, Mac and all month enjoy interest.
Above I right or not?

2.)If every month no top up, but have balance in EPF, this is not complicated counting and use the calculation(Base on counting others, the counting more complicated than above EPF, the results can call very absolutely not wrong count, even of 1 cent), but why use the same counting, the results of above EPF each account can less RM 0.02.
You self do a counting?
You have above situation or not?
I don't know where my wrong, so can use explain why like that?
Above look like not above rounding, I use .00 or .0000 also same, I just curios why like that only?
Thank you.

beLIEve...knock, knock, you are summoned for, i believe the above post is for you too and are afraid you may missed it too.

- if appear in 1 Feb 2020 whole Feb enjoy the monthly interest.
No

- if appear in 31 Jan 2020 lose 1 day interest, but after this Feb and all month enjoy interest.
Yes

- if appear in 2 Feb 2020 lose whole Feb month interest, but after this, Mac and all month enjoy interest.
yes

- You self do a counting?
No. in EPF i trust/believe

- You have above situation or not?
No

Thank you for your reply, so no brain ask again, I worry not clear.
That's mean want before 1 Feb 2020 saw the i-Akaun amount appear, that mean safe date is 31 Jan 2020 or before 31 Jan 2020 saw the i-Akaun amount appear, if the 1 Feb 2020 saw ready too late.

I need counting 3 days more, that's mean 25 Jan 2020 bank in, then make sure 31 Jan 2020 saw the amount in i-Akaun, I can assumed the Feb and all months enjoy interest?

Thank you for your wrote above before, if not saw your wrote, I though the EPF counting dairy no need full month also can, now thank you for your reply too.

yes

I read the excess amount can withdraw anytime. However, does is restricted to account 2 only?
Let say I have 1.5m.
In 70:30
1.05m and 0.45m

Meaning I can withdraw 500k or 450k?

500k

U can take from account 1 if account 2 is insufficient.
Also min withdrawal is 50k

Source

Below is my own experience.

if appear in 1 Feb 2020 whole Feb enjoy the monthly interest.
if appear in 31 Jan 2020 lose 1 day interest, but after this Feb and all month enjoy interest.
if appear in 2 Feb 2020 lose whole Feb month interest, but after this, Mac and all month enjoy interest.

- self contribution via bank on 1/3/2018. appear in EPF account in 2/3/2018. Dividend for Mar2018 till Dec2018. This year will try bank in say 27/28 of the month, to try out the dividend calculation.


2.)If every month no top up, but have balance in EPF, this is not complicated counting and use the calculation(Base on counting others, the counting more complicated than above EPF, the results can call very absolutely not wrong count, even of 1 cent), but why use the same counting, the results of above EPF each account can less RM 0.02.
You self do a counting?

- yes, I do my own calculation. if total +/- 5 sen, I take it correct. unless you manual key in after the calculation like rm123.456, you re-key into the worksheet as rm123.46. then, it should be okay.

Yes, that's correct.

Regarding the minimum withdrawal, it used to be minimum RM50K once per quarter, but it appears they have removed that requirement. It now states as follows:

What You Can Withdraw
Any Amount, Any Time in excess of RM 1 million in savings

Thanks neverfap and zapster.

One more question, can I know how to make contribution into epf? I'm using cimb but couldn't find it. And is it we need to contribute under self contribution? I just wan to put inside like normal epf..not those what unit trust what fund

try under payment option?

my PBB online was under that option....then select self contribution tab

This post has been edited by yklooi: Jul 17 2019, 11:41 AM

Thank you for answer.

1.)I also test, but I thought you better counting 3 days, because I find LOWYAT preview post, the KWSP reply the forumer answer is 3 days. One day I can't and you want remember 3 days fall on business day or not, so if ok give 5 days, better lose whole month interest if you put big sum. Others about EPF you should self check to consider your situation.

2.)Others start balance and ??? amount monthly I still not learn and try how to count, so I don't know. Below this example very simply, just start balance and without monthly, so just use the amount * day/day * interest * 100 like that. Another way is use start balance counting every month, the results is same, but when compared with EPF result each account less RM 0.02. I find Internet post, if I not wrong 2008 year some also have this question. Another Internet counting have example shown EPF give more cents. They wrote rounding problem, but feeling weird.

I guess not rounding problem, maybe the EPF member pass away, the help RM 2500, so depend the yearly situation, if many apply less RM 0.02, less apply less RM 0.01, use this support? but EPF news wrote this RM 2500 is EPF money and EPF want give help, if nobody apply also give back all EPF member, so I don't know.

Ok is ok, just for math only, don't know how to count, if counting wrong, this is mean I no brain don't know how to count can assumed wrong count. Math or account want match result. My count not same result of true EPF result, so not beauty count page shown, so if all counting also each account +- RM 0.02, so maybe I'll give up find above answer and follow EPF result then thought how to beauty count page. Beauty the count page just for hobby like that.

Thats great news. If any contributor has excess of RM 1 million in EPF, then its better to dump in extra cash into it and earn better interest rates than putting it into regular FDs. In case of emergency usage, can withdraw anytime with no fuss.

Some told me that a salaried employee unable to contribute, is that true because I never try it.

My friends who contributed are housewife and businessman..but I'm just a normal employee, can i contribute up to 60k like those self employed and enjoy dividend as usual?

I checked EPF website. It stated for salaried person can only increase the contribution %, please advise. Thanks

many people had mentioned they had done that self contribution, but if you are doubtful can try the this option
Simpanan Tambahan KWSP
http://www.kwsp.gov.my/ms/member/contribut...gs-contribution

do you have online banking?
if YES, try goto payment option to see if your online banking portal has that option for self contribution or not.
some one mentioned that his PBE online has that option.

Can, I did it this year. I am salaried employee. Though maybank2u

Can contribute upto RM60k regardless of your salaried contribution. I have been doing it for quite a number of years for my account and my wife.

This post has been edited by magika: Jul 19 2019, 01:54 PM

Can I know is there anyway to contribute without public bank online banking, I dont have pbb account.
I have cimb, hlb and rhb. Cimb has the option to transfer to epf but didn't state that it is self contribution, and I cant find any option to change the limit, it stated max rm5000.

Is that 60k additional savings into epf will earn dividends as usual?

I don't understand your confusion.

I have CIMB and there is option to transfer to EPF. It's pretty straighforward.
If you're talking about automatic deduction, isn't that done by your employee, not from your own CIMB account?

i just transfer whenever I want from my CIMB account, and it just shows up as self contribution on EPF statement.

>and I cant find any option to change the limit, it stated max rm5000.
Well, I'm not that rich but have you tried breaking it into multiple transactions over time?

>Is that 60k additional savings into epf will earn dividends as usual?
I'm trying not to sound snarky, but the answer is a pretty obvious yes.

The option for self contribution is intended for those who are self employed but EPF didn't restrict salaried employees from self contributing. If you are doubtful, try to top up a small amount and check your EPF account 2 working days later.

As for maximum contribution via online banking, it's RM5K per transaction. If you want to contribute more, just do multiple transactions. Max is RM60K per year.

Well you can always try. Not true. Can put in max RM60k/year if you have the cash.

See reply above.

Key in your EPF account no. No need to state self contribution or what. I use maybank so cannot really comment about Cimb, HLB or rhb. Not sure which bank allows self contribute to EPF. Best to check with customer service
1) whether they support self transfer
2) if yes what are the steps.

Just drop them an email.

Whatever money you put into EPF will get dividend.

This post has been edited by Ramjade: Jul 19 2019, 07:49 PM

1.)One year can RM60K, but I don't know want "your salary + self contribution = RM60K" -> This is want you ask and wrote here told back, if you want share info.

Now you not eligible of self contribution without intensif, so free use what bank, if this bank connect with EPF, so your situation use CIMB no problem. You also can OTC, but some bank will charge you.
If not wrong, only Maybank and Public bank if you self contribution with intensif, others bank only one choice, this is call "self contribution", so when you pay to EPF, then wait 3 days, you check your account, you can saw 70% money in Akaun 1 and 30% in Akaun 2.

You can filled form if for every month your salary want paid more % for your salary, this is not call "self contribution".
If you consider put RM60K, you no want take risk top up more than RM60K per year, so the 1.) you need ask.

Other questions about EPF you can consider self ask.

Means that if a full time salary contributed RM12000 per year to Epf account:

A. then only left RM48000 per year quota for self contribution?

Or

B. Still have RM60k quota for self contribution (exclusive salaried epf contribution)

while waiting for his responses, I kaypoh abit googled and found this

read at the "PERINGATAN" on the top section of both these forms...

http://www.kwsp.gov.my/documents/20126/147...t=1551760897083

http://www.kwsp.gov.my/documents/20126/140...f7-b2bb146961f8

http://www.kwsp.gov.my/ms/member/contribut...lf-contribution
http://www.kwsp.gov.my/ms/member/contribut...gs-contribution

It's your own money. No one is going to question you if you put more inside EPF. If I were you, I will just taruh. At the end of the day I am the one going to withdraw. Not govt. So if they let you put just put and keep quiet about utm

This post has been edited by Ramjade: Jul 20 2019, 07:08 PM

Excluding salaried kwsp contribution (B)

Use Borang KWSP_ 6A_1 if deposit over the counter for amount RM60k. Internet banking dont need form but restricted each transaction limit

This post has been edited by magika: Jul 20 2019, 07:40 PM

EPF's interest reward really attractive....compare with saving, FD,insurance

If you're young at 20's, EPF will lock your money if you do self contribution for 30 years.

When you are young, its better to invest in an own property instead of dumping any excess cash into the epf. Its hard to get it out in case of need for emergency usage.

This doesn’t sound any wiser than putting into epf.

At least not at a loss. Property doesn’t “release” the fund until it is sold. And in reality, current value is at a loss.

Ok, do what you think is best.
For me, I’m putting all excess into EPF. When in need, just withdraw. Any amount, anytime 😉

Hi, anyone can share how does EPF calculates dividend, eg daily interest or based on certain date?

Should I deposit self contribution anyday, month end, or end of the year? Will there be a scenario where the funds I deposit into EPF sitting idle for few days or months and not counted for dividend?

Thanks.

Problem is anything can happen in say 20 years.

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

if you plan to deposit, you need to ensure it's in EPF's record latest on the last day of the month to qualify for the subsequent month's pro-rated dividend.

From experience :
Day 1 - transfer money from bank to EPF
Day 3 - EPF online shows money received on Day 2.

thanks for the tips. was cracking my head how to qualify for the entire year 2020's dividend for self contribution. Still a bit risky though, if i were to bank in on Dec 31. If they treat as this year, will bounce back.

This post has been edited by beLIEve: Sep 2 2019, 11:31 PM

I made an inquiry with EPF and this is what I got :


looks like my safest bet is to bank in on Dec 31 because already max out this year's.

You so talent brain. I worry I not understand, so what you think, I feeling like below. Do you think, I can get and fully understand what you want inform of your situation? Thank you.

Before year 2019 any date you contribute max RM60K in EPF.
Now, you wish fully get 12 months dividend of year 2020, but if in 01 Dec 2019 - 29 Dec 2019 you contribute again RM60K, so total in year 2019 is RM120K.
This is ready broken the EPF rules 1 year cannot max RM60K?

Cause above, now, for safe reason, you plan bank in on 31 Dec 2019, then wait 2 days appeared in I-Akuan, so the date is 2 Jan 2020.
This is mean in year 2019 you not broken the rules, but you can make sure the money appeared in EPF is ready on year 2020, so
a.)You only unable get Jan 2020 whole month dividen, because date fall on 2rd Jan 2020, no 1st Jan 2020.
b.)Also mean in future 01 Jan 2020 - 30 Dec 2020 you unable contribution any money in EPF account.
c.)If you want repeat your step, next year when 31 Dec 2020 you contribution max RM60K again.

Combined all, so for new start and want plan of future is like below?
1.)Must need follow the EPF rules, so if you wish in year 2020 can get whole year 12 months fully dividen, can consider full max the EPF RM60K in 01 Dec 2019 - 29 Dec 2019.
2.)Then year 2019 ready max RM60K, wait till 01 Dec 2020 - 29 Dec 2020 repeat above step and this is for next year 2021...
3.)If you self contribute in 01 Dec 2019 - 29 Dec 2019, above still count in year 2019, so you ready contribute RM60k you can get max RM250 bonus dividen of year 2019, but only no dividen(6%) can get on year 2019, then RM60K dividen start get on year 2020 Jan - end
4.)If you in year 2020 not contribute any money, this is also mean in year 2020 you unable get max RM250 bonus dividen of year 2020, but can get dividen(6%) till end.

2 is nd, not rd, I wrote wrong.

a.)You only unable get Jan 2020 whole month dividen, because date fall on 2nd Jan 2020, no 1st Jan 2020.

yes your understanding is very correct.

Thank you for your reply. Sorry, my standard like that, I also don't know how, so want you take time read and make me understand.

No matter saving account or others low interest, why you not consider put in EPF on 28 Jan 2020 ?
If you choice the date 31 Dec 2019, then fall on 2 Jan 2020, also cannot get EPF Jan 2020 dividen.
If you choice 30 Dec 2019, maybe fall on 1 Jan 2020(I not sure EPF count the time or not, another reason is I think you risk of broken RM60K rules.)
So, you consider wait 31 Dec 2019 till 28 Jan 2020, at this range date RM60K put in saving account or others still can earn some interest.

The KWSP answers is
"payment was made" within 1st January 2020 until 31th January 2020.
if you wish to get dividend for 2020, you may contribute "any day in December 2019".

Above I confuse "payment was made" but still not appear in I-akaun, this is how to count.
"any day in December 2019", this is also meaning the last day 31 also can bank in, the problem still "payment was made" but not appear in I-akaun, how.

(I assumed if all mistake before.)
If "payment was made" no need appear in I-akaun, then "payment was made on 31 Dec 2019" you maybe broken the RM60K rules.

If your situation, I feeling you can consider put on 28 Jan 2020. Why you prefer 30 Dec 2019?
If new start, I get the conclusion is the money in I-akaun want sit on end of the month, this is can first day month with time 00:00 get full month dividen.
(The is depend EPF "payment was made with no need appear in I-akaun" vs "payment was made and need appear in I-akaun", impact bank in on last day of month or early date of month.)
(Honestly, I only ask you, so I believe you, if you never ask KWSP about "vs" question, this is my curious why you not prefer put on any date of Jan 2020? Put on 31 Dec 2019 maybe broken the RM60K rules, no EPF dividen on Jan 2020 too and wait late put on EPF can earn some interest in saving account.)

Yes, I feeling above really aggressive, but near not lost 28 days interest. You sure high than me, can you teach me again? What I wrote you can see where wrong? Thank you.

you are welcome

end of Jan 2020 is a no brainer, no need to ask anyone.

people need to experiment or ask questions to know the definite answer. it'll be beneficial for future generations, not the pioneers who do the tests.

This post has been edited by beLIEve: Sep 5 2019, 02:41 PM

Sorry, my bad English and others, I still cannot get. You willing wrote some again. Thank you.

If I'm same shoe, year 2019 max RM60K, then if wish get Year 2020 EPF dividen, the date I'll choice is end of Jan 2020.
Base on 3 reason.
a.)Worry broken RM60K rules
b.)No dividen on Jan 2020
c.)28 days can earn some interest in saving account

Really no brain?
What I wrote, if my situation same, I consider do like above.
OMG, I really very no brain, I unable know above where wrong, can you please like that?

Guys,
What happen if u already max 60k self contribution and u try to put money in again via maybank2u.

Will we get refunded automatically or there will be an error?

previously, a forummer mentioned that any money in excess of RM60k would be refunded without any interest....
I think Maybank2U would not know the details in your EPF a/c...thus they would not prompt error....
only after kwsp do the accounting then they would know...

no brain means if dont want to chop the dividend in Jan, no need go through so much hassle. just deposit at the end of Jan, finish story.

anyway, hadn't have time to update here. EPF got back to me, and in short, if already max out self contribution this year, cannot put in this year, even end of Dec. one can do some tests, but I think I'll just wait for end of Jan 2020 to deposit.

You really have a care heart, so responsibility and thank you for your reply.

Your QUOTE before
the dividend calculation for the contribution is based on one day for the contribution month. For example: January 2020 contribution and the payment was made within 1st January 2020 until 31th January 2020, dividend calculation is calculated as one day.
if you wish to get dividend for 2020, you may contribute any day in December 2019.

I read again, I think above sentences if mean you can contribute in last day(no need wait amount appeared in I-Akuan) also can get next month whole dividen.

I hope I can get accuracy answer, but I try get from you. You confirmed want wait or not?
Thant's mean if you end of Jan 2020 to deposit, the date you'll choice 28 Jan 2020 or 31 Jan 2020?

If last day through online bank pay to EPF no need count transfer time, this is much more easy and sure. You know?
Thank you.

I won't do it last day. I'll do it when my FD matures.

yes they said any time, but I have serious doubt Dec 31 is a good idea.

With CIMB Click, it will by default prompts "Other EPF/KWSP Account", and we have to fill EPF Acc#, name & IC.

How to add our EPF account to "Favorite EPF/KWSP Account" since it able to choose?

Add Favorite Management just allow to manage favorite BANK account, how about KWSP?

Can we withdraw EPF akaun 2 to purchase a second-hand home?

KWSP withdrawal for sub sale unit....
https://www.kwsp.gov.my/member/withdrawals/...a-house#subsale

Thanks for your help. I wasnt aware that second-hand home is under the sub-sale category.

Hi guys I apologise if my question was asked before. Im still a student and i have an epf account opened due to internship purpose. I came across with epf i-saraan we can self contribute it, i want to ask if the dividend calculation is same as in epf? Also, is i saraan the only way for self contribution. Thanks alot !

i want to ask if the dividend calculation is same as in epf?
"should" be the same, never heard of different methods of calculation of dividend payment for different method of contribution

https://www.kwsp.gov.my/member/contribution/i-saraan

Also, is i saraan the only way for self contribution.
as the max for any or a combination of any of those voluntary contributing method (Self Contribution, i-Saraan, i-Suri, Top-up Savings Contribution) is still maxed at RM60k effective Jan 2013
thus, can consider this if next time when you are working and contributing to EPF, can seek to contribute a larger % of your income.
this larger % can be way above the minimum statutory employee rate

https://www.kwsp.gov.my/member/contribution...-statutory-rate

just a note,....as highlighted by a forumer recently...
if you are paying taxes, ..... your money to EPF are taxed before being contributed,....and then that money will be locked till 50+ yrs old


This post has been edited by MUM: Sep 25 2019, 07:44 AM

If you already have an existing EPF account, you are not eligible to open an i-Saraan account because that account is meant for those who freelance without any official employment.
You can still self-contribute into your regular EPF account. Just go to any EPF kiosk to check your EPF account status. Once your account is opened, it should be with you for life.
Your regular EPF account will still work the same and would still continue providing you with dividends.