EPF - self contribution, need advise
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 Jun 30 2019, 04:15 PM
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#1
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Senior Member
1,616 posts Joined: Jul 2016 
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QUOTE(Human Nature @ Jun 30 2019, 11:05 AM) For voluntary contribution, can we decide which account we want to channel it to or it will still be proportion to 70:30? Distributed in ratio of 7:3  QUOTE(romuluz777 @ Jun 30 2019, 02:18 PM) It takes 2 working days at the least. That’s right. Just tried - 2 working days exactly. |
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Aug 31 2019, 04:40 PM
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#2
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Senior Member
1,616 posts Joined: Jul 2016
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QUOTE(romuluz777 @ Aug 31 2019, 04:14 PM) 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. |
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Mar 8 2020, 10:36 AM
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#3
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Senior Member
1,616 posts Joined: Jul 2016
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QUOTE(akhito @ Mar 7 2020, 04:54 PM) Just curious, how well that u guys , the self-contributors have faith in epf since the fund is kinda locked down until 60 years old The lowest it can get is 2.5% plus if it goes bust, so as the government then. |
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Mar 8 2020, 01:18 PM
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#4
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Senior Member
1,616 posts Joined: Jul 2016
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QUOTE(akhito @ Mar 8 2020, 11:45 AM) Asset diversification is a good point there for younger ppl to self-contribute in this low risk investment tool That differentiates between fake news / panics / gossips with reality and substance. Legally, the EPF is only obligated to provide 2.5% dividends (as per Section 27 of the Employees Provident Fund Act 1991). The 2.5% is cited from her right.But i heard a few aunty, uncle very scared of government, can withdraw then fast fast withdraw. Is there any protecting mechanism like PIDM for FD or we solely trust the gov. Their money. Their choice. That’s like how some perceived cc as debt while others look at them as free pocket money. And u don’t trust government but pidm? That’s kinda funny lol Insurance terms can change over time. |
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May 27 2020, 08:32 PM
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#5
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Senior Member
1,616 posts Joined: Jul 2016
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QUOTE(MGM @ May 27 2020, 11:17 AM) Using M2U to transfer funds to EPF is limited to <= rm5000 per transactions, so have to do 12x for rm60k. What about other banks? U just need to up m2u limit. It is not limited to 5k. You can do 50k one go. |
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May 28 2020, 08:24 AM
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#6
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Senior Member
1,616 posts Joined: Jul 2016
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QUOTE(MGM @ May 27 2020, 10:02 PM) U mean change the 3rd party limit (max 30k)? Maybe you don’t have to change at all.  You can transfer any amount. » Click to show Spoiler - click again to hide... « Edit: just tried adding in another account- u don’t have to change the limit. There’s no restriction. QUOTE(Human Nature @ May 28 2020, 01:09 AM) CIMB allows 5000 per transaction too if not mistaken That’s for CIMB. But m2u has no limit.This post has been edited by Cookie101: May 28 2020, 08:37 AM |
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May 28 2020, 08:41 AM
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#7
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Senior Member
1,616 posts Joined: Jul 2016
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QUOTE(MGM @ May 28 2020, 08:36 AM) I used M2u desktop not app, n when tried with 30k, it gave a msg that max is 5k. May be u have previously change the 3rd party limit from the default 5k to 30k? I just tried adding in another Maybank account and there’s no limit restrictions either. It didn’t restrict to 5k or 30k. Did you set up pay limit to 5k? This post has been edited by Cookie101: May 28 2020, 08:43 AM |
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May 28 2020, 01:13 PM
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#8
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Senior Member
1,616 posts Joined: Jul 2016
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QUOTE(MGM @ May 28 2020, 10:56 AM) DID u use [EPF Open Payment] or [EPF Registered Payment]? Registered paymentJust now I changed the 3rd Party Limit from 5k to 7k and still got the same problem:  |
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Jan 5 2021, 12:12 PM
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#9
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Senior Member
1,616 posts Joined: Jul 2016
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QUOTE(mavistan89 @ Jan 5 2021, 10:18 AM) What bank do you use? 2020 and 2019 i used 1 hour to transfer 12 split transaction of 5k each Tiger can do one shot max. |
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Jan 7 2021, 02:27 PM
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#10
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Senior Member
1,616 posts Joined: Jul 2016
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QUOTE(donhay @ Jan 7 2021, 12:04 PM) I just did with Maybank2u yesterday, transfered 60k one shot into my EPF. Just so u don’t jump 2 days later it’s not there. Will wait 2 days then will check my EPF online  Whatever input / add on won’t be reflected until the dividend announcement and crediting. |
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Jan 8 2021, 09:18 AM
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#11
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Senior Member
1,616 posts Joined: Jul 2016
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QUOTE(GrumpyNooby @ Jan 8 2021, 07:29 AM) What is the indirect way? Go kiosk view or call. Only online is not synced |
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Jul 24 2021, 09:21 PM
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#12
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Senior Member
1,616 posts Joined: Jul 2016
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QUOTE(MGM @ Jul 24 2021, 09:02 PM) I tried to use classic M2U portal with my favorite-epf but the transaction limit is still 5000. But when I tried the New M2U portal there is no Investment>EPF like in classic. I would like to pay 60k on 28-July(Wed) so that it will entitle for Dividend starting August-2021. Anyone can help? Not in front pc lol The example given by https://www.misterleaf.com/9782/epf-self-co...ibution-online/ is for classic M2U. I just did a quick navigation on safari since my mobile is charging. Safari > maybank2u > log in > menu > pay & transfer > (I’ve added so select directly) intended epf acc > amount > done Edit. Replied wrong person lol This post has been edited by Cookie101: Jul 24 2021, 09:23 PM |
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Apr 6 2022, 01:32 PM
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#13
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Senior Member
1,616 posts Joined: Jul 2016
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QUOTE(ericthai @ Apr 6 2022, 01:31 PM) Is there a maximum imposed by EPF for rm 5000 per day? No such limit. I am not talking about the transfer limit for Maybank2u Many years ago, I tried to pay via cash and EPF said there is a maximum, not sure about now. Just done 40k using Maybank |
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