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EPF - self contribution, need advise
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T231H
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 Apr 8 2020, 10:22 PM
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QUOTE(27needles @ Apr 8 2020, 10:10 PM) Hi guys, for self-contributors.. Is it still advisable to continue contributing to my own EPF now ? read something above about gov is using EPF money to save employer or something like that? .. that means using our EPF money right? feel unsafe ..  read this to see how the RM50 billions is derived..... see if it is EPF or contributors is using the RM50 billions.... Not right to allow RM500 monthly withdrawal from EPF, says MTUC https://www.freemalaysiatoday.com/category/...-epf-says-mtuc/ |
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T231H
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Apr 8 2020, 11:30 PM
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QUOTE(27needles @ Apr 8 2020, 10:47 PM) just read it .. yes, i do know about gov allowing us contributors to withdraw until end of the year.. this i believe is fine, as it is up to us whether we need to withdraw .. But could there be any other factors that could make it unsafe for us to keep 'saving' it into EPF until old age? considering the country's situation, etc..  i do appreciate your patience and comment, even if my questions are 'dumb' in any sense  on this.... "But could there be any other factors that could make it unsafe for us to keep 'saving' it into EPF until old age? considering the country's situation".... there had been posting mentioning/suggesting those that has this "feelings" can stop self contribution to EPF, use that money to buy and keep USD or SGD or any other foreign currencies that has less likely to have depreciating monetary value than MYR until OLD age. |
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