Tiered dividend, with higher dividend rates on lower segments will only encourage them to lobby and request for more withdrawals once the dividends are in. In other words, the money in EPF itself will not grow.
On the other hand, those >1mil will feel relief knowing they can now take out the extra money without feeling any remorse cause its a bad investment upwards of their tier, shrinking the EPF funds drastically.

This post has been edited by Capt. Marble: Oct 27 2022, 08:43 AM

I hope you all read the terms of i-saraan before registering.

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

It's for self-employed Members without fixed incomes and employees of the gig economy.

Remember guys and girls, if you are transferring from digital banks, they have a 50k limit per day and also a 12 hour cooling period if you need to change the amount transferable. When I made my transfer last Monday, my funds were withheld due to the amount. Took several phone calls and retransfer to reach my main bank and from there into EPF. Just take into account any delays that might happen.

This post has been edited by Capt. Marble: Jan 24 2025, 07:48 PM