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 EPF - self contribution, need advise

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Human Nature
post Jun 30 2019, 11:05 AM

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For voluntary contribution, can we decide which account we want to channel it to or it will still be proportion to 70:30?
Human Nature
post Jul 1 2019, 04:14 PM

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Got it, thanks for for the info smile.gif
Human Nature
post Dec 1 2019, 02:56 PM

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If I make the online transfer on 30-Dec, it should appear in EPF on 31-Dec right.

If my fund is in form of cashier order/banker's cheque dated 30-Dec, any idea how I can get it available on my savings account on the 30th itself so that I can make online contribution? It dies take a few days to clear the cheque right?

Thanks
Human Nature
post Dec 2 2019, 08:03 PM

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The month is prorated, but not the day right? So near the end of the month is no different than early or the month.
Human Nature
post Dec 2 2019, 08:55 PM

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QUOTE(kaacip @ Dec 2 2019, 08:23 PM)
this link would explain everything about the dividend calculation

https://1-million-dollar-blog.com/how-to-ca...e-epf-dividend/
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From the below example, does it mean that any contribution from the second half of the month gets the same interest regardless of the exact date? ie. 15th Feb gives the same dividend as 27th Feb for the month of February?

QUOTE
From 15th until 27th February, dividend is calculated as follow,

Account 1 dividend = (70,000 + 700 – 1000) x 5.65% / 365 x 13 days = 140.26
Account 2 dividend = (30,000 + 300) x 5.65% / 365 x 13 days = 60.97
Human Nature
post Dec 2 2019, 09:26 PM

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QUOTE(MUM @ Dec 2 2019, 09:15 PM)
hmm.gif looks like 15 ~ 27 is 13 days, thus the calculation is 13
thus I think if deposit on 27 Feb then only 1 day
don't you think so?
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That is why I am confused because from the example shown, it appears to be no different.

This post has been edited by Human Nature: Dec 2 2019, 09:27 PM
Human Nature
post Dec 2 2019, 10:06 PM

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QUOTE(MUM @ Dec 2 2019, 09:57 PM)
that example has a withdrawal in FEB, thus the balance is different...
I think that is the reason for 2 calculation in FEB using 2 different number of days
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Makes sense too. At least now I know that contribution on a date gives daily interest for that month too. I mistakenly thought that it will only take effect the following month.

biggrin.gif
Human Nature
post May 21 2020, 06:43 PM

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Any of you pumping more to EPF considering that FD rate is very low?
Human Nature
post May 23 2020, 01:41 AM

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QUOTE(lyc1982 @ May 23 2020, 01:37 AM)
i already maxed out my 60k this year...

btw if I accidentally contributed more than 60k (via cimb)...like rm10 extra , what would happen to the extra rm10 ?
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This post said will refund all the money from the latest contribution.

https://forum.lowyat.net/index.php?showtopi...post&p=93140192
Human Nature
post May 28 2020, 01:09 AM

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QUOTE(Cookie101 @ May 27 2020, 08:32 PM)
U just need to up m2u limit.

It is not limited to 5k. You can do 50k one go.
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CIMB allows 5000 per transaction too if not mistaken
Human Nature
post Mar 2 2022, 05:02 PM

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QUOTE(beLIEve @ Jul 16 2019, 03:02 PM)
- 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
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Is this still valid? To optimize, need to ensure the money appear on at the end of each preceding month. If appear on the 1st, will lose the whole month.

This post has been edited by Human Nature: Mar 2 2022, 05:26 PM
Human Nature
post Mar 5 2022, 11:04 PM

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Self contribution made on 2nd March is not reflected at the latest statement (post dividend) yet. Not at the withdrawal eligibility too hmm.gif

This post has been edited by Human Nature: Mar 5 2022, 11:06 PM
Human Nature
post Mar 6 2022, 09:16 AM

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QUOTE(AppleChaz @ Mar 6 2022, 09:12 AM)
Can, but has limit. Check the "pelepasan cukai" list.
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Huh? Under which?
Human Nature
post Mar 6 2022, 11:43 AM

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QUOTE(AppleChaz @ Mar 6 2022, 11:09 AM)
"Insuran nyawa dan KWSP TERMASUK tidak melalui potongan gaji"

I think total for both is about 7k..

For EPF, about 4k only
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Ah okay, I thought there is a separate claimable thing for self-contribution only. Thank you.
Human Nature
post Mar 6 2022, 01:51 PM

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QUOTE(c64 @ Mar 6 2022, 07:22 AM)
It's normal, check your app on maximum withdrawal under "migrate", "retire" etc. It will be reflected.

Every year from 1st Jan onwards, you won't see the updates in the statement until dividend is updated, which was 12am this morning for this year.

Check now and you can. See everything now.
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Still not there today too.
Human Nature
post Mar 6 2022, 01:56 PM

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QUOTE(c64 @ Mar 6 2022, 01:53 PM)
Aiyo...got lah...apa you read friend? Everyone can see already.

My self contribution back in Jan all updated.
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Really dont have. I used the same way as I did 2 years ago. Transfer using CIMB Clicks, the EPF account is still saved as favourite. Luckily just few hundred to test. Will contact EPF.
Human Nature
post Mar 6 2022, 01:58 PM

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QUOTE(c64 @ Mar 6 2022, 01:57 PM)
You transferred when? If last 2-3 days, wait a bit lah.
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2nd March. Previously was reflected on the next day. Will wait for tomorrow then.
Human Nature
post Mar 8 2022, 09:24 AM

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QUOTE(Human Nature @ Mar 5 2022, 11:04 PM)
Self contribution made on 2nd March is not reflected at the latest statement (post dividend) yet. Not at the withdrawal eligibility too  hmm.gif
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Finally reflected today sweat.gif
Human Nature
post Mar 23 2022, 03:08 PM

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Contribution via CIMB clicks is capped at RM5k per transfer. Is there such limit per transaction for Public Bank? Thank you
Human Nature
post Mar 23 2022, 03:19 PM

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OKay thanks. Will try using PBB this time.
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