better than FD

i think that would be a good choice... i did that for 3 years...from date i start working. now change back to 11% as i need it to pay for house.

Yes. Limit is Rm60k per calendar year. And they calculate dividend from the time you paid in.

no thanks. prefer to invest somewhere else. can get 5-6% rate as well. and can withdraw anytime

Can gov staff contribute to epf if they want?

Kasi tips, boss!

Disagreed. Housing loan interest rate less than 4%, EPF dividend is higher.

Maybank2u - Pay - Payee - EPF

I say go ahead. I have some of my epf in external unit trust for diversification and they seldom perform as consistently as epf. If you can spare the cash to commit and are lazy to look for alternatives it's a safe, fuss free bet. I've been contributing extra for years.

you should study what is monthly rest and daily rest interest.

try ask around... those took 30 yrs loan... after 15 years.... principle debt reduced 50% or not..... its not.

Oh ya you're correct. I totally forgot that EPF dividend is paid annually, while housing loan interest accrued monthly.

My bad

You can just bank in any amount more you like yourself no need to forced 16%.

I'm quite fond of epf but, with contribute 24% from employee and employer monthly, is good enough.

The Extra bit u intend to put in epf can try on other investments, where u can withdraw before age 50.

Though u must treat these few investment just as epf, don't withdraw unless is absolutely necessary. A long term index fund would be a good idea.

EPF dividends is calculated based on daily rest.
Housing loan is also daily rest.

Eh? How?

Meaning really more worth it to put more info EPF than pay for housing loan?

are you sure EPF on daily rest?

"Your dividend is divided into two types of calculations – annual compounded dividend and pro-rated monthly dividend. Both of these calculations are on daily rest – which means your dividend will be calculated based on the previous day’s outstanding balance."

https://www.imoney.my/articles/what-does-th...to-your-savings

daily rest but not compounded daily though...
sorry i failed maths so for further explanation go read imoney's website

If do self contribute via online , it will go to acc1 or 2?
If go to acc2 thn good la , can park money and withdraw to buy hse later

Same like salary, 70% to Acc1 and 30% to Acc2.

May i knw the max self contribution RM60k is include the auto contribution from working salary?
Mean if my annual salary dy auto contribute around RM20k thn i only can do self contribution max RM40k ?

No. Separate.