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 EPF - self contribution, need advise

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SUSyklooi
post Jul 17 2019, 11:40 AM

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QUOTE(mavistan89 @ Jul 17 2019, 11:36 AM)
Thanks neverfap and zapster.

One more question, can I know how to make contribution into epf? I'm using cimb but couldn't find it. And is it we need to contribute under self contribution? I just wan to put inside like normal epf..not those what unit trust what fund
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try under payment option?

my PBB online was under that option....then select self contribution tab

This post has been edited by yklooi: Jul 17 2019, 11:41 AM
SUSyklooi
post Nov 12 2019, 09:57 PM

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QUOTE(birdman8 @ Nov 12 2019, 09:42 PM)
For those who wish to receive the 15% government contribution (max rm250) from self contribution, pls make sure you select “i saraan” in the pop up menu and not “self contribution”. Otherwise they won’t make any payment into your account.

As informed by one of the EPF officer today. Attached is example for maybank transfer screen.
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hmm.gif wondering what will the "penalty" like if one is working for someone/employed but click the I saran just to get the RM250?
I think the system will easily detect the "illegal" selection from the monthly majikan contribution....
SUSyklooi
post Nov 12 2019, 10:12 PM

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QUOTE(birdman8 @ Nov 12 2019, 10:09 PM)
There is a form to fill in in EPF office to register oneself for i saraan
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yes, in the form it stated...."Mana-mana orang yang bekerja sendiri atau tiada pendapatan tetap"
https://www.kwsp.gov.my/documents/20126/140...41-fcf30293a1f1

i-Saraan Eligibility
Malaysian citizen
Registered as an EPF member (else can apply to be a EPF member)
Self employed

Self Employed Definition....
Defined as derive income from their work and not an employee (Salaried employees who receive regular income are not eligible)
Farmers/Fishermen/Taxi Drivers
Small Business Owners/Hawkers/Night Market Traders
Babysitters
Commission-receiving agents (eg. insurance agents, real estate agents)
Freelancers (eg. those who receive payment for services including deejays, singers, actors, fitness instructors, consultants)
Business Owners (sole proprietors/partners) involved in the trading of goods and services
Online Business Owners
Professionals with their own practice (eg. accountants, doctors, lawyers)
Housewives
Pensionable Employees

https://mypf.my/investing/retire/sp1m/

This post has been edited by yklooi: Nov 12 2019, 10:15 PM
SUSyklooi
post Dec 30 2019, 04:30 PM

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QUOTE(romuluz777 @ Dec 30 2019, 04:16 PM)
I have already maxed out this year’s 60K limit. Plan to dump in another 60K next mth Jan 2020. However ayam concerned that the credit status cannot be seen until after the 2019 dividend is declared in Feb 2020. If you check the i-akaun in Jan 2020, you will only see balance and transactions up till 31-Dec 2019.
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maybe this helps?

QUOTE(,Dec 27 2019, 08:19 PM)
Contribution from salary doesnt affect the RM60k contribution.
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SUSyklooi
post Jan 3 2020, 10:28 AM

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QUOTE(romuluz777 @ Dec 30 2019, 07:12 PM)
From my experience this year, it takes on average 3 working days to see it reflected on i-akaun. There was one time I could see it the next day.

If you credit in xx amount under self-contribution lets say, on 31-Dec 2019, you will only see it credited in Feb 2020 selepas new statement released.
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QUOTE(romuluz777 @ Dec 31 2019, 12:38 AM)
I was referring specifically to transactions in January. Thats the black out period before declaration of dividend.

Otherwise its usually 3 working days.
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just out of curiosity and
to "test" the availability of black out period of transaction details and
to determine if the self contribution amount will only be credited in Feb 2020 selepas new statement released (per above post)
I made a self contribution on 31 Dec 2019 (as suggested in the above post)

my EPF a/c's total balance was updated with the self contribution value & it also displayed the contribution details 3 days later. (on 3 Jan)

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QUOTE(cute_boboi @ Dec 30 2019, 09:18 PM)
Your bolded quote above doesn't make sense. You don't have to wait for the monthly statement. You view it from your detail transaction history. Can see immediate within 2-4 working days as stated earlier.

e.g
If I credit on 30-Nov-2019, I can see transaction history by about 1-Dec to 4-Dec. I don't have to wait for the monthly statement by end Dec-2019 or early Jan-2019.

Hence the same if I credit on 31-Dec-2019, I can see the transaction history by about 1-Jan to 4-Jan. I don't have to wait for the monthly statement by end Jan-2020 or early Feb-2020  rclxub.gif

icon_rolleyes.gif
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QUOTE(cute_boboi @ Dec 31 2019, 02:54 PM)
Monthly statement is not available in the beginning of the year until announced declared divided by mid/end February of every year. But with latest online, you can check the transaction details anytime.
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Looks like what you mentioned are happening .

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QUOTE(MUM @ Dec 30 2019, 11:27 AM)
if use online I-akaun to check, still need to wait as per the above to know the status?
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QUOTE(MUM @ Dec 30 2019, 04:54 PM)
if use online I-akaun to check, still need to wait 1.5 months to know the status?
the self contribution amount credited will not be reflected within 1 week?
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I used the EPF I-akaun to check, it did reflects in 3 days, the self contribution amount in my total a/c balance

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QUOTE(blu3chip @ Dec 31 2019, 05:27 AM)
would there be a confirmation email/SMS sent or do we just assume that the amount goes through eg. M2U Online Transfer and only can verify in Feb?
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QUOTE(awinfakhari @ Jan 1 2020, 01:09 AM)
nice topic, just realize on this. park
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tag the both of you because you seems to be following this.....

This post has been edited by yklooi: Jan 3 2020, 11:01 AM


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SUSyklooi
post Jan 3 2020, 10:40 AM

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QUOTE(ikanbilis @ Jan 3 2020, 10:37 AM)
I made a self contribution on 1.1.2020 unfortunately still not reflected in my online account sad.gif
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try on Monday, and tell if there is a change in your total balance and a mention of self contribution details as in my image....
SUSyklooi
post Jan 3 2020, 10:51 AM

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QUOTE(cute_boboi @ Jan 3 2020, 10:46 AM)
Thanks for confirming with proof  icon_rolleyes.gif  I also start to dump in for 2020 already on 1/1/2020
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nice to hear that you did contribute on 1 Jan
can you do as what I had told ikanbilis? (per below)
just to confirm that, "that update happenings" is not only in my a/c.

QUOTE(yklooi @ Jan 3 2020, 10:40 AM)
try on Monday, and tell if there is a change in your total balance and a mention of self contribution details as in my image....
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SUSyklooi
post Jan 3 2020, 11:46 AM

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QUOTE(romuluz777 @ Jan 3 2020, 11:38 AM)
I'm thinking of crediting 50K lump sum this month (January) into the EPF, but am worried it cannot be seen until next month. Worried about such a sum in limbo.

If any lab rat here can try it out, and it reflects on the i-akaun, please share the outcome here smile.gif
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2 forummers had mentioned that they did it on 1 Jan...
Have to see their findings.
Btw. I thought you had experienced that already...
SUSyklooi
post Jan 3 2020, 11:53 AM

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QUOTE(wct @ Jan 3 2020, 11:24 AM)
I contributed on 31st dec and being reflected on Dec statement although it says 2nd of January.
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thumbup.gif thanks for confirming. about the 31 Dec 2019 in and a/c balance updated in Jan 2020
SUSyklooi
post Jan 3 2020, 12:00 PM

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QUOTE(hft @ Jan 3 2020, 11:57 AM)
Make sure you audit annually your self contribution and keep receipt copy of transfer. Sometimes did not reflect in statement one of many transfers.
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if not reflected in statement means money "missing"?
SUSyklooi
post Jan 3 2020, 12:04 PM

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QUOTE(hft @ Jan 3 2020, 12:02 PM)
Yes missing. Just drop them email with pdf copy of transfer.
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just curious,...happened to you before?

just curious in the computer and money inter banking FPX age.....for this to happens....

This post has been edited by yklooi: Jan 3 2020, 12:05 PM
SUSyklooi
post Jan 3 2020, 12:14 PM

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QUOTE(hft @ Jan 3 2020, 12:07 PM)
Yes to me. Say done Jan to July, one of them is missing say Mar. No way not updated after few months.

Method of transfer is same for all transactions, MayBen.
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is the balance in that a/c updated with the additional money from Mar even when the statement is not updated?

thumbsup.gif anyway thanks for highlighting it....
I had been using FPX payment for my bills, purchases and expenses stuffs sweat.gif sweat.gif

hmm.gif wondering how their a/c tally with the transaction details from yr bank a/c with theirs?
one in, one out......basic account ledger?

This post has been edited by yklooi: Jan 3 2020, 12:17 PM
SUSyklooi
post Jan 3 2020, 12:23 PM

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QUOTE(romuluz777 @ Dec 30 2019, 04:44 PM)
Thats not what I am looking for.

When I credit in a self cont, I expect to see it within 3 working days. Not in 1.5 mths time. I think better wait til Feb after statement’s out.
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your concern and decision to wait is valid for the below....

QUOTE(hft @ Jan 3 2020, 11:57 AM)
Make sure you audit annually your self contribution and keep receipt copy of transfer. Sometimes did not reflect in statement one of many transfers.
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QUOTE(hft @ Jan 3 2020, 12:02 PM)
Yes missing. Just drop them email with pdf copy of transfer.
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QUOTE(hft @ Jan 3 2020, 12:18 PM)
Yes not tally/not updated.

Nothing will ensure what out from our account tally into other ledger, not like blockchain bitcrap.

I always keep PDF copy of every transaction saved into global google drive.
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SUSyklooi
post Jan 3 2020, 12:27 PM

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QUOTE(romuluz777 @ Jan 3 2020, 12:20 PM)
I hv just rung up EPF cust service to enquire, and the feedback is, any self caruman this month (Jan 2020) can only be seen in the new statement for 2020 after dividend is released.

If you credit on 31-Dec 2019, then it will be reflected on your 2019 statement, as you hv just done.

Therefore I will wait till next mth to transfer my self cuntribution, to be on the safe side.
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if the self contribution this month (Jan 2020) can only be seen in the new statement for 2020 after dividend is released.

so will the deduction of employees contribution and contribution from their companies in Jan 2020, will also only be seen in the new statement for 2020 after dividend is released?

anyone kind enough to check and update this 2 weeks later (usually companies will submit before 15 of the month?)

I cannot check as I have not contribution.

This post has been edited by yklooi: Jan 3 2020, 01:07 PM
SUSyklooi
post Jan 3 2020, 01:19 PM

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QUOTE(romuluz777 @ Jan 3 2020, 01:16 PM)
Cuntributions from salary for January you will also see in the 2020 statement post-dividend declaration.
For February cuntributions, you might sight it together if the declaration is done after 15th of the month.
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QUOTE(mavistan89 @ Jan 3 2020, 06:12 PM)
Yes, the self contribution and deduction for January2020 will only be seen after dividend is released.
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thumbsup.gif noted with thanks

This post has been edited by yklooi: Jan 4 2020, 08:30 AM
SUSyklooi
post Jan 7 2020, 09:14 PM

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Failkan Aduan
https://www.kwsp.gov.my/ms/reach-us/connect...ile-a-complaint
SUSyklooi
post Jan 7 2020, 09:49 PM

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QUOTE(ikanbilis @ Jan 7 2020, 09:23 PM)
Thanks bro! Use your method and saw the increment which is the amount i deposited on 1 Jan biggrin.gif
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romuluz777 seems like they are able to see the updated balance of amount deposited during the "black out" period
SUSyklooi
post Jan 8 2020, 08:13 AM

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QUOTE(ikanbilis @ Jan 7 2020, 09:23 PM)
Thanks bro! Use your method and saw the increment which is the amount i deposited on 1 Jan biggrin.gif
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QUOTE(romuluz777 @ Jan 8 2020, 07:08 AM)
That only applies to self-contributions transacted up till 31-Dec 2019. If you make this transaction during 1-Jan 2020, you won’t see it until after the 2019 dividend declaration.
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He mentioned 1 Jan he deposited
SUSyklooi
post Jan 8 2020, 08:53 AM

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QUOTE(romuluz777 @ Jan 8 2020, 08:49 AM)
Please show the screenshot with the figures blanked out and transaction dates shown.
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not sure if he did keep screenshots of before and after transaction deposited on 1 Jan.
I think not many do that, unless they purposely want to proof something....
anyway I will ask

QUOTE(ikanbilis @ Jan 7 2020, 09:23 PM)
Thanks bro! Use your method and saw the increment which is the amount i deposited on 1 Jan biggrin.gif
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can you do as per above post?
SUSyklooi
post Jan 8 2020, 09:44 AM

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QUOTE(ikanbilis @ Jan 8 2020, 09:31 AM)
There is no transaction date. You know your balance as at 31 Dec and the increment is your deposit. That is why its only an indirect method to check. Not directly show the amount and actual transanction
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thanks for the inputs and response
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