EPF - self contribution, need advise
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 Mar 1 2019, 09:22 PM
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#1
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Junior Member
157 posts Joined: Sep 2007  
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Just curious. If you are retired (at any age) and no longer work and don't earn any income, can you still do self-contribution to EPF (subject to the maximum of RM 60k).
Source of fund could be from FD interest or kids giving pocket money. |
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Mar 1 2022, 03:04 PM
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#2
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Junior Member
157 posts Joined: Sep 2007
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On 17th Feb I did self-contribution to my EPF account. As of today, 1 March, it still isn't reflected. This is the first time that it doesn't show. What is the best way of getting this resolved? Through the banks or through EPF?
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Mar 1 2022, 05:00 PM
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#3
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Junior Member
157 posts Joined: Sep 2007
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QUOTE(bobkiit @ Mar 1 2022, 03:11 PM) Relax... u will see it once Dividend rate for 2021 announced Thanks for everyone's reply! Really surprising that this occurs. |
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Mar 8 2022, 11:44 AM
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#4
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Junior Member
157 posts Joined: Sep 2007
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QUOTE(blackjack @ Mar 2 2022, 07:21 PM) I found out that there is a way to find out. Don't need to wait till 6/3 as stated by EPF. But is for contribution amount only excluding the 2021 dividend just declared today. Thanks Blackjack After you log into your EPF account, go to the withdrawal menu and click the withdrawal eligibility menu, you should find your 2022 self-contributed amount is included in the amount you are eligible to withdraw. Hope this helps.  |
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Mar 8 2022, 12:56 PM
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#5
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Junior Member
157 posts Joined: Sep 2007
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What happens if you do more than RM 60k self contribution? What happens at 60,001 onwards?
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Mar 8 2022, 01:07 PM
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#6
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Junior Member
157 posts Joined: Sep 2007
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QUOTE(MUM @ Mar 8 2022, 01:01 PM) previously mentioned by forummers,...the whole deposit of that deposits that adds up over 60k will be refunded to you.... Thanks. I think it is probably time to petition for a change to this 60k limit. Increase it as there is a lot of press encouraging members to top-up self contribution. Also, it will replenish EPF coffers faster due to the major drawdown the last year. Ideally, it should be unlimited. But in reality, it will be capped. Maybe an extra 60k to make it 120k?just not sure of now,....will they forfeit it till you go there to ask for it??  |
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