EPF no money Liao, thanks to all the idiot keeps withdrawing RM10k buy IFong every year.

Later upgrade to 200k. 100k not enough...😂

Kasi straight 12%.

Err..got other country implement tiered GST? Please don't wei. Nightmare to implement and execute.

of course they can do Tier dividend...

If that happens, those rich (> 1 million) and > 55 years group can readily just withdraw their EPF.

EPF then has to sell their holdings in oversea investment or KLSE , further shrinking EPF portfolio and causing systemic effect on other companies that EPF has shares in.

The fact they are raising the voluntary contribution to 100K from 60K is to attract richer investors to park their money inside EPF. Introducing tier dividend will only cause capital flight from EPF.
I think the better way to do it is to introduce another retirement fund , separate from EPF but specifically for lower income group with strict criteria. I think someone has mooted this idea.

No increase in Voluntary Contribution...

Will i-saraan continue as usual? I can't find this info anywhere in budget-related news sites.

They should increase it to at least a million. Then all the Taikos here can save time no need chase after FDs...all in. After all PMX says T20 will cabut if they play hanky with EPF.

Self Contribution Limit Increased from RM60,000 per year to RM100,000 per year

Self Contribution Limit Increased from RM60,000 per year to RM100,000 per year

so got increase limit or not to 100K?

https://budget.mof.gov.my/pdf/belanjawan202...-touchpoint.pdf (page 40/44)

ya just not sure if its real since I didnt hear it from the speech

All in. Pump all in first think later lol. Before do something stupid knowing myself lol

Could be inaccurate as all media was also not reporting it.

Two things are missing from the 2 diff pdf version. SSPN tax relief and epf add contribution. All M40 favourites.

KWSP Facebook updated with all budget incentives. No mention of 100k self contribution.

Don't think it happened.

100k limit is not mentioned in EPF's official response to the budget too.

https://www.kwsp.gov.my/en/web/guest/w/budg...-infrastructure

Perhaps they hv to wait for it to be "approved/passed" by the parliament before making amendment to their Facebook pages or website?

Don't understand...means they opt out of  EPF? btw, if they leave gov job before 55, means no Pencen?

https://www.thevibes.com/articles/news/8608...th%20the%20fund.