EPF - self contribution, need advise
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 Feb 26 2020, 10:51 AM
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#1
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All Stars
10,314 posts Joined: Dec 2009 From: Malaysia  
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sorry if this Q's were raised before.
1. For self contribution, is it parked under account 1, 2 or spread as per the standard ratio (70/30)? 2. Withdrawal from contributors who has more than RM1mil, withdrawal is from which account? Again account 1, 2, or standard ratio applies? Thanks. |
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Feb 27 2020, 08:13 AM
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#2
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All Stars
10,314 posts Joined: Dec 2009 From: Malaysia
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QUOTE(zapster79 @ Feb 26 2020, 03:50 PM) 1. Standard ratio. 2. Account 2.  QUOTE(lyc1982 @ Feb 26 2020, 05:29 PM) but when i checked mine rm10 (test topup): thanks for the replies.1. all under acc #2 (self) 2. acc #2 as well so assuming if one does have more than RM1mil in epf, and he/she chooses to carry out self contribution of RM60k max, potential downside may be withdrawal of the self contribution amount may be capped to 30% of it in account 2 only if the self contribution is deposited and spread as per the ratio. whatever self contribution that lands in account 1 will be permanent until the age limit is achieved, right? |
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Feb 5 2024, 02:57 PM
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#3
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All Stars
10,314 posts Joined: Dec 2009 From: Malaysia
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QUOTE(footie_ft @ Feb 5 2024, 08:39 AM) If you already have 1 million in EfPF would you save your current FD money into EPF? even if yes, one can only do max rm100k per annum, right?Since if EPF is more than 1 million, you can take out the access when needed. if one have a few hundred k in fd, may take ears to migrate to epf |
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