4k lah for 2019, 3k for life insurance separetely. So i-saraan got tax benefit after all?

There is a 2-3 days delay, you can just deposit and see if the transaction is recorded as 2019 or 2020 lor, but likely the latter.

BTW the divs are prorated daily, if you deposit last minutes in 2019 you still get peanuts or nothing, might as well play safe and deposit in 2020 for tax relief benefits.

I also find it hard to believe so many ppl invest so much in Malaysia and Ringgit denominated assets.

Like man, do you guys have contingencies for when MYR plummets?

FD is just my CASA for emergency fund LOL. And got ppl here compare FD to EPF which has lots of equities + real estate exposure.

This guy doesn't understand the concept of hedging.

Not diversifyingn currency means you are solely at the mercy of Malaysia BNM monetary policy and Putrajaya's fiscal policy.

By investing abroad, I am not betting if Malaysia will outperform or underperform, or if Malaysia currency will moon or doom, I am hedging against MYR to ensure total ruin does not happen to me personally.

EPF is denominated in MYR and unlike PRS, your portfolio doesn't fluctuate along with market condition. If MYR hyperinflates, your EPF and FD are done for.

Do you want to end up like people in Venezuela, Argentina, Zimbwabwe, Brazil, Weimar Republic, Colombia etc?

Look, this thread's title is "EPF - Self contribution".

If one can put extra into EPF, they have extra funds. I am actually suggesting AGAINST putting extra into EPF because it's a risky move.

The self-contrib portion could have gone to robo-advisors low-mid risk portfolios and that's a good hedge against MYR. Most robos take deposits as low as RM 1~100.

Seriously if you can sendiri top up extra to EPF, you owe it to yourself to at least put a bit of $ in other places and not all in EPF.

Ramjade and I may not agree on certain things, but he understands what I am saying about hedging at least.

I am not saying to bet ON or AGAINST Malaysia economy, monetary and fiscal policies btw. I am merely saying you guys should at least put your hard earned $ in different places to not be ruined totally when Putrajaya screws up.

You should factor in the risk at the tail end. If so many countries can hyperinflate, or see their currency plummet so hard like GBP JPY, what makes you think Malaysia will never screw up in coming decades until your retirement?

If you aint scamming, you wont need people to PM you.

Why not buka thread and share websites, prospectus, fact sheets for us to see?

If it means EPF having less AUM and can generate better alpha, judging from this thread's sentiment, I support tiered dividend now.