As stated above, if bank in (cleared) into EPF on 1-Nov, then interest pro-rated for Nov & Dec (2/12 x % x amount)

If after 1-Nov, then interest pro-rated for Dec (1/12 x % x amount) only.

Why December ?

If you think EPF is stupid, no. EPF will pro-rate the contribution based on the month, so dividend is pro-rate depending on the month+1 it is banked in.

Yes, it does not show in EPF online instantly even if you do bank online instant transfer. It may take 2-4 days to reflect in your EPF online i-akaun.

To be safe, I always do it few days before 1st of month, excluding weekends.

Your bolded quote above doesn't make sense. You don't have to wait for the monthly statement. You view it from your detail transaction history. Can see immediate within 2-4 working days as stated earlier.

e.g
If I credit on 30-Nov-2019, I can see transaction history by about 1-Dec to 4-Dec. I don't have to wait for the monthly statement by end Dec-2019 or early Jan-2019.

Hence the same if I credit on 31-Dec-2019, I can see the transaction history by about 1-Jan to 4-Jan. I don't have to wait for the monthly statement by end Jan-2020 or early Feb-2020

Monthly statement is not available in the beginning of the year until announced declared divided by mid/end February of every year. But with latest online, you can check the transaction details anytime.

Thanks for confirming with proof I also start to dump in for 2020 already on 1/1/2020

Theoretically, short answer, yes.

Long answer, provided you meet all the requirements/eligibility/etc. You can withdraw 50k from account 2, there is a formula to calculate maximum withdrawal.
But when you put back 50k, as self-contribution, it will split 70/30 into account 1 and 2. At the end of day/year/55/life, the annual dividend % calculation is still the same whether is account 1 or 2. But it will affect future account 2 withdrawal.

^^^ Yes.

One more point is EPF withdrawal is changing every now and then. Previously for first-time withdrawal for house purchase, EPF bank direct into my own savings account, not the loan account. Subsequent withdrawal is direct into loan account. FYI, this is many years ago.

Nowadays, I think EPF will direct into loan account. I'm not sure.

Also depends if current bank loan will lock-in or direct-reduce the loan principal balance or not. If like this, then you cannot withdraw also. Also depends if your bank loan is full/semi flexi or just regular loan that cannot withdraw.

You have to check with your bank loan and EPF.

Give up MY citizenship, get new country citizenship, show to EPF that you surrendered M'sian citizenship, and EPF will lump sum give back to you (of course within reasonable processing time of weeks/months). No age restriction.
I have friends who migrated and withdraw all. Some still curi curi leave in EPF to compound interest.

Then, it is not called migration already you should rephrase to work/stay at overseas for extended period of time.

Just make multiple 5k via M2U into EPF, can do multiple transactions in a single day.
Cannot raise limit, that is the max.

Max I have tried is 3x RM5k in a day from M2U into single EPF. Have not tried other options.
My assumption could be linked to your from-account transaction limit per day which could be 30k/50k?

Just to share, two days to reflect into EPF

Why would you do that ?
1) Your base pay becomes lower. Which will affect your bonus, future job HR will look at base pay, bank loan application, credit, etc.
2) You can always use employee to increase % which is the same as #1, unless you already max employee % ?
3) Do note max employer is 19% IIRC, anything above that is taxable on the Employer EPF portion, which will lower your income/contribution and pay additional tax on top of your regular income tax rate.

Self-contribute and reflected within 2 working days

OT : 2nd time online withdrawal for testing, also reflected in my savings account within 3 working days. After the 1st time OTC thumb print, now no need queue already.

Can withdraw like online banking IBG transfer. Above 1M, below 55.

I'm under employment. Inform your HR to help fill up and submit Form 17A and you need to inform your employee % you want to contribute.
My consideration to do >11% for employee is after monthly:
- pay off all loans/CC
- cover all expenses
- some liquid cash/FD savings
- some for other non-EPF investment
- additional savings for bulk that come in some months, e.g. car insurance, roadtax, travel, annual fees, professional fees, etc.

Then only commit the amount (%) additional.
You may stop or change via Form 17A anytime, but try not to over commit too much and strangle ownself. Start with a % you are really really comfortable.

Also my consideration is either hit age 55 or >1M first. Then my EPF is like a savings/FD account already, can withdraw anytime and continue to compound.

I forgot one point above. There is still the yearly 60k EPF top-up that you can do. So if you can't even fill up the 60k/year, no need 17A. Just keep your cash liquid.

Yes, can go up all the way to 90% or somewhere there (just check is 89%). Doesn't sound right but yes can do that. Some may have sugar mommy/daddy that don't need to touch the monthly salary But reasonably, normally range around 15-30%
Singapore employee CPF is around 20% while our EPF is 11%

Keep it up bro ! Motivate each another

Why I say IBG cause it takes few working days for 2nd online withdrawal and subsequent ones to show in my savings account. It's not IFT/DuitNow immediate within the same day.

Correct. I recall it must be submitted by the Employer HR dept. You cannot submit Form 17A on your own directly to EPF, as it needs HR signature/chop or something.

Decades. How old am I ? Look at my LYN ID joined date. But I'm still young, ok ? Not yet 55 . Everyone starts at the same starting point. My official first EPF monthly is just 1-2 hundred every month, basic salary only 1.5k. At that time, one full year employee + employer contribution is less that my current one month 13+11% contribution. Just continue to improve, grow, bla bla bla (motivation talk) to uplift ownself. I'm not the cream of the crop or the top performers, but just stay on the above-average and I think I'm on the right track.

Everyone journey is different. This EPF is an analogy of marathon 42 years. Not a 2km sprint. For the first 10 years of my EPF, I see nothing from my EPF, still below 100k. But from there onwards, the topup+compounding is much faster. 100->200->400->600->800->1M
That is why I understand the desire to withdraw when have <100k EPF, cause year in year out, dividend 6% p.a. still see nothing.

Before I start working decades ago, I've been hearing grand father stories about EPF collapse, no money, better withdraw all, etc. year by year, decades by decades. Even today, still hearing people talk the same thing. I'm the only stupid one among all friends (as they label me) that put in more into EPF decades ago consistently and here I am today as a proof. Anyway, I don't know the future, Malaysia could turn into Zimbabwe and I could be the real stupid one by then. But is ok, I've other diversified investment to help out but that is beyond this thread EPF discussion.

Whether 60k self contribute or Form 17A additional employee %, it is same. Split 70:30 Account 1 and 2
How I know ? I track in my own excel calculation on annual EPF total and dividend for both my account 1 and 2

Even before 55 also can take out for fund investment, studies, house, some serious sickness, etc.



Tonight very free reply you all. Tomorrow no need work (employee). KL holiday

Bonus:

No, I mean if can't fill up the 60k/year, then no need deduct more than the standard 11% employee using Form 17A. This is to keep your cash liquidity options more open until year end (or early of next year) to bulk deposit up to the 60k limit.
Or you can even do monthly or quarterly deposit to utilize the 60k/year.

Perhaps another method is to deduct monthly >11% using Form 17A. Then perhaps year end get big bonus and can utilize the 60k/year to dump in additional income.

Like I say above, everyone's journey is different.