I am thinking to request to increase from 11% to 16%, save for the future provided epf rate is very nice.

What do you guys think?

As a salaried employee, you have the choice of contributing more for better savings. You or your employer (or both), may voluntarily contribute at a rate exceeding the statutory rate as long as you meet the requirements.

B40 say thank you, next month boleh withdraw lagi

self employed contribution

per month up to 5k

just bank-in will do

https://www.kwsp.gov.my/member/contribution...lf-contribution

This post has been edited by fantasy1989: Mar 25 2022, 09:18 AM

/k will say sendiri invest better

BBB UUU

Can you contribute 100% of your post tax salary?

first question you should ask yourself...

does your lifestyle have a higher chance to live past 55/60 years old?

if no then just YOLO.

like smoke/drink/ketum/boba tea/KFC/Texas/Mcd everyday.

This post has been edited by mafioso: Mar 25 2022, 09:19 AM

No need increase contribution from salary, just self contribute via online banking.

All in Dnex! Can make 30k. Lol.

Depends on you. If you wants to keep long term passive investment with safe and good returns, can put in more. If you want to have more cash for other investment, you probably want to have more liquiditybin your hands. But if you have nowhere else better to put, then it's a good option.

This post has been edited by c64: Mar 25 2022, 09:20 AM

i did put in more last year, epf even email me to continue put more. kek

if your'e below 1mil and far from it.. go ahead...

You can do self contribution directly from most banks online to your EPF account. Zero hassle.

One year max rm60k. Can transfer one shot.

better use the money to offset housing loan.

Dnex always on my watchlist, when chance come I will not hesitate to buy again

Nice, year end I pump. Go bursa roll the money first, after win pump back to EPF

one-off contribution?

anytime also can?

or is it must be committed to be every month?

You can do voluntary contribution up to 60k per year

how about the timing? You can just bank in anytime as you like?

like let's say bank in 2022 once, then after that didnt bank in anymore next year.

Any time. Any amount. Only have limit of 60k a year.

Depends on what stage in life you are. EPF is a very good choice.

The only drawback is, it is not easy to withdraw in case of emergencies.