I see. Thank for the clarification.

Different functionality

Because account 1 money cannot be withdraw unless very specific circumstances (death, retirement, etc)

Account 2 was made so we could withdraw the money for certain purpose. Since account 2 was for the purpose of withdrawing money, let people withdraw from account 2 lor.

Why need account 3?

Abang tax relief and life insurance long ago separate dah. For those contribution more that 4k max relief have no reason to self contribute

For those who opt to transfer certain portion from acc 2 to acc3, what is the cutoff period they referring to? Is it based on May balance? Since we have time until Aug to decide can I do it on Aug and will they use Aug balance instead since will be higher?

Keyword - "might". No official word on this, right?

You already answered yourself. Topkek.

They already renamed them to Account Retirement, Account Sejahtera, Account Flexible. Which is quite clear.

Wait, you know that Acc 3 can be withdraw for whatever reason. Right?

This post has been edited by poweredbydiscuz: Apr 25 2024, 01:31 PM

thesundaily quoted

>No impact on the EPF’s portfolio, dividend for Account 3 could differ in future

Do it on Aug for higher balance.

A1 - withdraw due to explicit circumstances.
A2 - withdraw due to specific need, requires approval.
A3 - withdraw minimum RM50 anytime. no need someone to approve.

Gomen said no to withdrawals earlier but actually allowing more to be withdrawn. Past ones max 60k iinm.

Now if you have 300k in your account 2,.you can withdraw 100k to spend on anything you like.

Kekwa. Then 2025 can claim economic growth under mafani, funded by people's retirement money.

For you (in bold)

If the member chooses to opt-in for an initial amount,the transfer of the initial amount to Akaun Fleksibel and other accounts (if applicable) is based on the balance in the member’s Akaun Sejahtera on the date the opt-in application is made," it said.

This post has been edited by jojolicia: Apr 25 2024, 01:43 PM

If you look more closely, account 3 IS necessary. Think of this way... if you can withdraw anytime.... people will start withdrawing like crazy and then account 2 would be empty in no time. You can try to put a condition that you must have a minimum amount inside, but what IS the minimum? RM 10? 100? 1000?

By creating account 3, basically you can withdraw all without any conditions.

This post has been edited by ZeroSOFInfinity: Apr 25 2024, 01:45 PM

+1

Iphone sales gonna go up up up

10% is auto and cannot be ammend? I mean if I dowan to or I want only 5% . Something like that.

Too bad at this moment it does not provide this option. The only way to do is withdraw money from account 3 and transfer back as self-contribution.

If your salary is 3k, you would already max out the 4k EPF relief, no need to withdraw anymore.

Yes, cow. So are genuine leather products..

10/30 baki dipindahkan ke akaun fleksibel
5/30 baki dipindahkan ke akaun persaraan
15/30 kekal dalam akaun sejahtera.

I wonder whether this is fixed or the maximum. For example, can I transfer 9/30 to akaun fleksibel, 4/30 to akaun persaraan dan retain the rest in akaun sejahtera?

This is fixed.