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 EPF - self contribution, need advise

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PrincZe
post Jan 3 2020, 02:39 PM

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QUOTE(wct @ Jan 3 2020, 01:25 PM)
Mine is under 2019 or 2020 contribution? I wanted it to be on 2020.
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Already mention contribution for Dec heheh
PrincZe
post Feb 19 2020, 02:05 PM

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QUOTE(jas029 @ Feb 19 2020, 01:44 PM)
pardon for the confusion..

i should re-phrase as follow..

if i have 100k in epf to begin with.. and i self contribute 500 every month starting from now for 20 years.. at 5%, i should have more money than if i were to do it with ASNB right? ASNB is only 20k now to begin with
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surely EPF will be better instrument to grow your money.

on the assumption , the interest rate for both are the same.

because u are starting off much higher amount and it compounds.

just as per others mentioned, you will not be able to withdraw.

 

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