There should be a one button press to change distribution to 85%-15%-0%

But I guess they want us to withdraw deposit as it will increase their kpi

May 12 - August 31....This period you didnt do anything.....by Sept 1
Your Account 3 will remain zero forever.....EPF will remain old split at 70% account 1, 30% account 2.

Starting May 12 - August 31.
You can choose OPT in or no OPT in.

NO OPT IN, means remain same......Account 1 & 2 ...Account 3 will remain zero forever.  EPF money will remain 70% account 1 , 30% account 2.

If you choose OPT In....account 3 automatic take 1/3 amount of your money from Account 2.

Withdrawal - online can do
To transfer from acct 3 to acct 1 or 2 - must goto kwsp fill form 🤦🏻‍♂️

May 12 - August 31....This period you didnt do anything.....by Sept 1
Your Account 3 will remain zero forever.....EPF will remain old split at 70% account 1, 30% account 2.

I think if you have 300k or more in ACC2, you probably don't need the 100k in ACC3. You either already did pretty good for yourself to have additional savings and liquidity somewhere else or are already close to retirement.
To me ACC3 is pretty much useless unless maybe a quick way to get funds lets say for a medical emergency. But we all know what people will spend ACC3 monies on.

Starting May 12 - August 31.
You can choose OPT in or no OPT in.

NO OPT IN, means remain same......Account 1 & 2 ...Account 3 will remain zero forever.  EPF money will remain 70% account 1 , 30% account 2.

If you choose OPT In....account 3 automatic take 1/3 amount of your money from Account 2.

TLDR so far i read

>account 3 start with 0
> during May 11 2024 and August 31 2024, member can transfer money from account 2 to account 3 , if they decide no transfer ,at 1 Sep 2024, your account 3 is starting with 0
>75:15:10 contribution, do your calculation
>No impact on the EPF’s portfolio, dividend for Account 3 could differ in future
>Withdrawal amount of RM50 from account 3
>>only age 55 below, after 55 age above, account 3 and account 2 will go into account 1
my opinion

neh, make sure at 60 years old u get 800k 900k 1m in KWSP and leech of the dividend, it is susceptible all of us will live thru pass 60 until 100 or 90

not a good move, this is probably respond to ppl who withdraw money during covid-19

they doing this just to make sure ppl work until 100, no retirement like sg, hk , japan , korea , china , American

i am expecting them to push the retirement age from 60 to 70 or 63

source : https://www.malaymail.com/news/malaysia/202...rst-year/130739

People with 1m will still withdraw. Let's say if you have 1010k in EPF. You can only withdrawax 10k. Unless you want to buy house or other reasons, you can't touch your 303k in account 2.

Now with this account 3, I can withdraw 101k from my account 2 and put as down-payment to buy a BMW. I get to piap more girls, BMW salesmen happy, gomen happy.

33% to acc3
17% to acc1

I will withdraw 80k for my alphard downpayment

maxed the 4k compulsory, still got 3k voluntary right? (unless life insurance already maxed as well)

Told ya, although I am not sure if he has 1m

Zakat has always been based on principal, not on the returns.

But for epf theres an exemption where u only start paying zakat every year once you reach 55 age

People like me maxed that shit every year. No way waste money self contribute

Then your zakat based on gross salary and net salary? if net salary then your calculation is correct

IMO, if account 3 same dividend as account 1 and 2, what is the point of account 3 then?

Just make it easier to withdraw from account 2 then (like you can withdraw x% from account 2 once a year etc)

So many ppl opt out because making assumption Acc 3 will be less interest? 😅

someone really need to explain this to me.


so means let's say i have 10k in 2nd account, how much really can i draw to my upcoming 3rd account?