dilemma of a cash rich citizen

Guess easiest way is to online register and see if it will get approved

In that case...

I just went in i-Akaun and generated my latest statement and it is showing

No Majikan: 000000000

nexona88 Like this consider don't have employer number and already cleared up rite he he

Or should I write to EPF to double ensure I get RM300 TQVM

thx, emailed and replied with standard info which can just be read from their info page lol

ya probably start October only contribute 1k each month and see how

worst case 2k locked until 55 he he

oh.. got schedule like which month contribute which month only get 15%?

Thank you big boss for your kind reply

but but... all ministers said ekonomi recovering so should be better rate rite

PB nvr see announcement got reduce yet

BUT they now will flag transaction for cooling off, security purpose so... could be a hassle also just hopefully the eay they flag is smart enough

hohoho

EPF CEO just spoken they are now 'studying'

Next... limiting withdrawal for 55yo

No more lump sum withdrawal

Only can withdraw periodically

Jusr wonder how he came out with the #

If just pluck in general then not really showing the real picture

For example, I know someone having not much in EPF because he / she is a Gov servant and the EPF contributed was during the waiting period to be converted to pension scheme and now already in pension scheme sure no more additional inflow from salary

And of course there are many other cases like employees became employers and stopped contributing etc.

If these are also included sure diluted the #, but I know... not easy to seggregate these pool of ppl from total contributors

Bad for myself

I have self dicipline so I am not the typ that need to be forced but this will take away my flexibility and cash liquidity when I reach 55yo

I don't think it will go until 80... max is 60yo or worst 70yo

Average Msians only live up to 70+

But that's too early to say because they only 'study' and you know some studies you will always hear the thunder but never rain

And EPF I don't think they can 'confirm plus chop' that special withdrawal will not happen as you know... if another side took over then this will surely happen

Ya if you have self dicipline that really takes away freedom, flexibility and liquidity

Also need to request to increase the lifetime limit of RM5,000 otherwise you only get it 'faster'

Hopefully not too long until we already over the qualified age lol

Otherwise altho with 20% we only get it 'faster'

I can tell you there are many such people

I personally know someone who is retired drawing good sum of monthly pension

And don't forget before pension got big amount of golden handshake

Spent it all and also yolo the monthly pension until even need the kids to continue 'subsidise' the fella

Yet got the face to 'advice' me don't be a slave to money

All I can say is, tak tahu malu + kesian the kids

This post has been edited by coolguy_0925: Feb 4 2025, 10:19 PM

Yes

Some more want to dream drawing salary of RM28k at 60

Just look at the stat already told us what are the possibility for someone working in Malaysia

Everyday browsing this forum sure see some people's job here are just dreaming everyday of retiring in millions

Govt cashflow for October very tight need to manage properly

1. Early salary payout to their beloved civil servants
2. Early STR payout to their beloved B40s

both thanks to Happy Deepavali

Next batch the latter will get theirs

I just listing out what are the major cashout they have this month, yes salary is still a monthly thing. Afterall they have the right to pay by batch or later even they have spare cash (or did they mentioned in T&C must pay in Oct?)

Okay lah since you said 2023 they only paid you in November then this time already good news for those who had gotten (Bersyukur )

The rest have to wait a bit then

oklah let's see the next batch if anybody getting will report here so you'll know the new trend

ok better stop speculation later kena angkut