If 50 can take out Account 2

And above RM1m, can take out anything extra.

T20 standard is pretty low lar..

Do they dare to say EPF conventional is haram?

What about ASB then? 😈

Even lower dividend than conventional asb 😆

Conventional EPF already practice ethical investing. No sin stocks like gambling, alcohol n tobacco in their portfolio.

Basically, the main difference between syariah n conventional EPF are the bank stocks for equities and MGS/conventional bonds.

These are also present in ASB, and no ulama has dared to declare ASB as haram. So if you are ok with ASB, then conventional EPF should be ok too.

This post has been edited by Cubalagi: Mar 26 2023, 11:34 AM

Maybe can ask that forex trading haram guy 😆

Also depend on contributor age and children age..many people marry late and get kids in their 30s (or 40s even). Can do the account 2 withdrawal at 50 n full at 55, still maybe in time.

This post has been edited by Cubalagi: Mar 29 2023, 08:42 PM

If not enough, can take 40k personal loan? 🥳

This post has been edited by Cubalagi: Apr 10 2023, 08:11 AM

There is more in offshore than in bursa.

But the bulk is in Malaysian govt bonds, which is neither on bursa or offshore.

Yup, majority still in Malaysia.

But not in Bursa Malaysia as u stated earlier.

At 50 u can also withdraw all of your Acc 2.

The average balance of KWSP T20 is only RM244k.

Thats like kwsp annual dividends for a few forumners here.

This post has been edited by Cubalagi: Apr 26 2023, 08:34 PM

If u have a million or more in kwsp, you are in the top 0.5% of epf members. 1 in 200. T0.5 😆

If you have RM2.5m, you can still withdraw RM1.5 million, not limited to just the balance in account 2. But, if I understand correctly, they take account 2 first. Meaning the balance RM1 million left is only in account 1 and there will be zero balance in Account 2.

This is only relevant if you are 50 years old. Coz at 50 yo you have another withdrawal option of remaining balance in Account 2. That option now is no more coz your account 2 balance is 0.

This post has been edited by Cubalagi: Apr 27 2023, 11:40 AM

Its the difference between able to withdraw RM1.5m or RM1.8m.

Say you are 50 with RM2.5 million,

You can withdraw RM1.5m that leaves a balance of RM1m.

If the withdrawal is pro-rated, then that balance RM1m should consist of RM700k Account 1 and RM300k account 2. Which means you can withdraw the RM300k under the 50 yo withdrawal.

But the withdrawal is not pro rated. Its account 2 first. So cant withdraw account 2 any more.

Be patient.. a lot of open houses to attend to. 😃

The "never took money out" is the challenge for many.

Muslim funeral is cheapest one. Just a few hundred RM, mostly for tips. Then optional extra for nicer gravestone.

N back to kwsp topic

Not many know but kwsp has a one-off RM2500 death assistance payment for members who die before 60.

This post has been edited by Cubalagi: Oct 16 2023, 02:48 PM