For self contribution, bear in mind that you can only take it out when you age till 55. The money going to stuck there till you reach the retiring age. Unless you really have extra money, then can self contribute.. max rm60k per year.

I tried equity, didnt monitor much n got burnt, i pump some PRS just to reduce income tax but the PRS going stuck there till 55 n return juat maybe 3-4% pa... UT  tried that, also maybe 5% return but will up n down.. still hv risk.. very much depend timing..

Well, i prefer self cobtribute epf to top up my salary monthly contribution, as long as you pump it till more than 1mil, then the self contribution is like different game  means you can treat it like a safe no risk good return.

Anyway, just my view

surely EPF will be better instrument to grow your money.

on the assumption , the interest rate for both are the same.

because u are starting off much higher amount and it compounds.

just as per others mentioned, you will not be able to withdraw.

It takes 2 working days to appear in your account. Try checking tomorrow.

actually the top-up was done on last wednesday...already been 2 working days

lemme check epf account again tomorrow...

1. Standard ratio.
2. Account 2.

thanks for the replies.

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?

Any of you pumping more to EPF considering that FD rate is very low?

This post said will refund all the money from the latest contribution.

https://forum.lowyat.net/index.php?showtopi...post&p=93140192

Meaning RM60,000.00k + 5% dividend (Assuming) = RM63,600.00 u'll be getting right ?

Have you call to EPF customer service regarding this issue? Hope you could update here if you receive any feedback from EPF. Thanks.

can you check online to see if that money is in?

I was at the kwsp counter a number of years ago depositing , when the counter told me to be careful not deposit above the max limit as the amount will be "tergantung" , whatever it means .

that means i need to pay a visit to kwsp counter...sigh

I once tried to transfer $5 into my EPF (for testing purposes to find out what happens if I accidentally over-credited more than allowed),
even though already maxed out $60K annual limit.

A lady from EPF phoned me and asked for me for my bank account for her to transfer it back.
She then emailed to me and I responded, the 5 bucks was duly returned to my bank account within 2 weeks, followed up a letter from EPF saying the 5 bucks was credited back to me.

On 9Aug2019, i contributed excess of rm5k. On 16Aug, they called me and then follow up by an email to my registered email. They need veeification for you to reply their email..

"Mohon tuan/puan kemukakan maklumat-maklumat berikut untuk tujuan pengembalian bayaran berkenaan :-

a.    Alamat terkini ahli
b.    Nombor akaun bank ahli yang masih aktif
c.    Nama Bank (bagi no.akaun bank tersebut) 
d.    No Telefon

Untuk sebarang pertaanyaan, sila hubungi Pn. Haliza Zainuddin di talian 03-2694 8566 (samb. 2619)"

They are very helpful. I suggest you can call them for the KL branch provided this lady still handle this matter

On 9Aug2019, i contributed excess of rm5k. On 16Aug, they called me and then follow up by an email to my registered email. They need veeification for you to reply their email..

"Mohon tuan/puan kemukakan maklumat-maklumat berikut untuk tujuan pengembalian bayaran berkenaan :-

a.    Alamat terkini ahli
b.    Nombor akaun bank ahli yang masih aktif
c.    Nama Bank (bagi no.akaun bank tersebut) 
d.    No Telefon

Untuk sebarang pertaanyaan, sila hubungi Pn. Haliza Zainuddin di talian 03-2694 8566 (samb. 2619)"

They are very helpful. I suggest you can call them for the KL branch provided this lady still handle this matter

They didnt asked me previously.

I think should be safe as its just like a transaction, like you made a payment and share the transaction detail to a friend. Do make sure they didnt ask you for login and password 😅

so how many days from over contribution of >60k to finally get back the returns into your bank account?

that was fast...
they return just the "extra" RM10 (exceeded RM60k) or the whole sum of the last transaction?