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 EPF - self contribution, need advise

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victorian
post Apr 8 2020, 10:59 PM

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QUOTE(27needles @ Apr 8 2020, 10:47 PM)
just read it .. yes, i do know about gov allowing us contributors to withdraw until end of the year.. this i believe is fine, as it is up to us whether we need to withdraw .. But could there be any other factors that could make it unsafe for us to keep 'saving' it into EPF until old age? considering the country's situation, etc.. hmm.gif

i do appreciate your patience and comment, even if my questions are 'dumb' in any sense notworthy.gif
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My take is, if you really need the money or you have another investment vehicle that can offer you liquidity, then go for it.

If you withdraw to buy your wants and not needs, then don’t touch that money.

I myself is taking the money out because it’s not always the Gov let you withdraw from Acc 2 without question.


 

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