Use as car down-payment / iPhone/ modify car / vacation?
What u plan to use epf akaun 3 money for?
EPF akaun 3, what u going to do with it?
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 Apr 11 2024, 04:21 PM, updated 2y ago
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#1
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Junior Member
280 posts Joined: Apr 2014 
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Quote|
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Apr 11 2024, 04:22 PM
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#2
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Junior Member
140 posts Joined: Jul 2007 From: Puchong 
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Downpayment for house oe_kintaro liked this post
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Apr 11 2024, 04:27 PM
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#3
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Senior Member
1,653 posts Joined: Aug 2008 From: My Fantasy World
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Lepas tu tarak duit for retirement n blame gov?
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Apr 11 2024, 04:30 PM
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#4
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Senior Member
1,596 posts Joined: Sep 2021
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Put in for tax rebate. 3k annually for voluntarily self epf contribution. After that, withdraw via epf to buy UT via FSM.
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Apr 11 2024, 04:40 PM
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#5
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Staff
1,368 posts Joined: Nov 2004 From: A' Ghàidhealtachd
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Pretty sure the withdrawal options for account 3 will also be limited and not allowed for things like car purchases
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Apr 11 2024, 04:44 PM
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#6
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Senior Member
1,228 posts Joined: Nov 2012
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QUOTE(nihility @ Apr 11 2024, 04:30 PM) Put in for tax rebate. 3k annually for voluntarily self epf contribution. After that, withdraw via epf to buy UT via FSM. Any fund recommendation? |
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Apr 11 2024, 04:52 PM
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#7
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Senior Member
1,596 posts Joined: Sep 2021
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QUOTE(Zhik @ Apr 11 2024, 04:44 PM) Any fund recommendation? I only look at Kenanga for local funds. |
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Apr 11 2024, 04:53 PM
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#8
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Senior Member
4,883 posts Joined: Jan 2003 From: Petaling Jaya 
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Keep
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Apr 11 2024, 04:55 PM
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#9
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Senior Member
1,228 posts Joined: Nov 2012
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QUOTE(nihility @ Apr 11 2024, 04:52 PM) I only look at Kenanga for local funds. Interest rate higher than epf?Newbie here. |
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Apr 11 2024, 05:07 PM
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Senior Member
1,596 posts Joined: Sep 2021
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QUOTE(Zhik @ Apr 11 2024, 04:55 PM) Interest rate higher than epf? From the statement you just made. Yes, I can deduced you are newbie. Newbie here. UT is quite similar to buying shares. Instead of a few shares, the fund will buy a basket of shares tracking some index. The UT price is dependent to the performance of the shares price bought by the fund. Hence, the performance of the % return is dependent to the basket of share prices they bought, there is no certain answer if the interest rate will be higher than epf. The past few years, most funds already suffered major setback due to interest rate raised + Russian / Ukraine war. The worst of the worst already taken place. It can only slowly become better from this point onward. Nevertheless, I would not give you any advise to buy. Everyone need to be responsible on their own money. |
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Apr 11 2024, 05:16 PM
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#11
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Senior Member
1,228 posts Joined: Nov 2012
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QUOTE(nihility @ Apr 11 2024, 05:07 PM) From the statement you just made. Yes, I can deduced you are newbie. Do they charge annual fee?UT is quite similar to buying shares. Instead of a few shares, the fund will buy a basket of shares tracking some index. The UT price is dependent to the performance of the shares price bought by the fund. Hence, the performance of the % return is dependent to the basket of share prices they bought, there is no certain answer if the interest rate will be higher than epf. The past few years, most funds already suffered major setback due to interest rate raised + Russian / Ukraine war. The worst of the worst already taken place. It can only slowly become better from this point onward. Nevertheless, I would not give you any advise to buy. Everyone need to be responsible on their own money. |
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Apr 11 2024, 05:27 PM
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#12
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Senior Member
1,129 posts Joined: Feb 2021
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QUOTE(dupreehere @ Apr 11 2024, 04:21 PM) Use as car down-payment / iPhone/ modify car / vacation? Didnt know those things are considered emergenciesWhat u plan to use epf akaun 3 money for? |
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Apr 11 2024, 05:31 PM
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Senior Member
2,058 posts Joined: Mar 2011 From: Today: 9:03 AM
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Pay for house loan.
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Apr 11 2024, 05:49 PM
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Senior Member
2,236 posts Joined: Nov 2007
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Use for Cheong
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Apr 11 2024, 05:56 PM
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#15
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Junior Member
603 posts Joined: Dec 2011 From: shah alam
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take all out. convert to SGD
oh wai |
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Apr 11 2024, 06:07 PM
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Junior Member
280 posts Joined: Apr 2014
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QUOTE(max_cjs0101 @ Apr 11 2024, 04:40 PM) Pretty sure the withdrawal options for account 3 will also be limited and not allowed for things like car purchases How they track? |
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Apr 11 2024, 06:17 PM
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#17
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Junior Member
68 posts Joined: Mar 2007
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Daily expenses
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Apr 11 2024, 06:41 PM
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Senior Member
4,707 posts Joined: May 2008
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QUOTE(dupreehere @ Apr 11 2024, 06:07 PM) How they track? convert to lotus voucher and limited to essential item then when payment need verify with IC ..owai |
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Apr 11 2024, 07:01 PM
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#19
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Junior Member
106 posts Joined: May 2009 From: Penang
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Sudah announce? Sos mana?
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Apr 11 2024, 07:19 PM
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#20
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Senior Member
1,389 posts Joined: Apr 2014
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QUOTE(patienceGNR @ Apr 11 2024, 05:31 PM) Pay for house loan. Why wait for akaun 3? Akaun 2 also can withdraw monthly for house loan payment |
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