login to kwsp, and check the "Withdrawal Eligibility". The Total Account Balance should reflect the actual balance, ie inclusive of your Jan's contribution.

why worry about EPF going bankrupt? Due to our population demographic, EPF's aum kept on increasing by at least 10% per year, and mostly due to member's contribution.

Every employees contribute regardless of ethnicity, age, gender, etc. So if anything happens, gov will pump money. Just like TH and kwap. why worry.

Yes and No. If your firm's HR processed it exactly on 15 Jan (and not like batch it to some later date), then yes it can be seen.

The issue is when HR pay salary for say Jan, and claimed it is 15 Jan payment (i guess due to CNY), your net salary into your salary bank account may appear on 15 Jan. But your HR may choose to do the payment to EPF on Feb 10.

this one yes. it should appear. At least it did in previous years when I checked.

Oh thank you for this info. Didn't know have this....

soon will be able to apply for free 250rm...

The last transaction that causes the year's self contribution to exceed 60K rm exactly will bounce back.

Say for example you have contributed 45K rm. Then the latest self contribution was 15,001 rm. They will reject the whole 15,001 rm contribution.

Mine is based on my actual experience.

any forumer who wish to contribute 60K and willing to test out the system can give this a try. contribute 55K rm at start... and then the final one more time transaction 5,005 rm.
See if 5 rm was refunded or 5.005K refunded.

The worst that can happen is the 5.005K refunded and then redo it again at exactly 5K rm.

This post has been edited by Wedchar2912: Mar 8 2022, 07:36 PM

unless there is a miracle cure or a fountain of youth type remedy, I would think the majority would just wish that one is dead at 100 years old.

so fast you are looking forward to 2022's dividend already.... 2021 result barely out for 10 days...

same limit using Maybank.

just have to do it x12 times

ah cool... tq for the info. I've been using the classic one last year.
Well, this year have to use the new one, but I ran out of FD to throw in. Finally...

It will take a short few days. But the good thing (actually it can be bad thing depending on when within the month the money went in and appear in EPF's system) is that the interest earning calculation only starts at the end of the month. So, you are not losing anything vs depositing in next week.
ie, you still get 1 day interest for the month of April 2022.

No idea actually. I didn't bother to ask EPF (plus don't even think their customer service rep will actually tell us the real truth. Nothing we can do about it also).

The dividend is only known to us when it is declared and cleared by MOF. But agree that this day and age, they could do their end of year valuation and politicking a lot faster than to wait till end quarter.

However, the said dividend amount is still backdated to start of the year. Not like anyone is losing any accrual on the dividend.
Not the worst inconvenience around…

well... funds in EPF is not a deposit in the form of FD....

plus the minimum 2.5% return beats any FD around today....

yeap... already guessed that....

I just like to highlight to forum readers the 2.5% minimum return ( vs hunting around for better FD return today)

Sure, I do agree that this day and age, this part of the process can be improved.

But would any politician (lets be frank... not like us commoners can really influence EPF to do anything) take up the mantle to solve this? If anything, they the politicians are already looking at locking up our hard earn savings in EPF as long as they can.

I think best maybe 5 biz days before end of month? To give a bit of buffer in case of.... sistem tergendala....

This is Malaysia....


Don't mean to pry... mine last year when I do self contribution, it goes into Account 1 and Account 2.
Yours into 'over 60 years old emas account'... would it be because you are above 55 years old?

To do first time withdrawal in any method, must go to a EPF branch to fill some forms.

I suggest you get your online access setup in same time and enable online withdrawal (or maybe once have online access, the allowed online withdrawal will be auto-setup??? I did mine many years ago and so I forgot the full process).
Then if you ever need to do withdrawals in the future, you can do so online.

Bring along your IC for sure, and bank statements as well, just in case.

The budget proposed was not passed. So we all can just ignore whatever was mentioned that day in parliament.