News EPF Account 3 to go live on May 11
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 Apr 25 2024, 01:52 PM
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#1
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7,106 posts Joined: Jan 2003  
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QUOTE(ye0073 @ Apr 25 2024, 01:04 PM) For those who wants to opt out, can withdraw the money from account 3, and put it back thru self-contribution and enjoy tax relief of 7K. If your salary is 3k, you would already max out the 4k EPF relief, no need to withdraw anymore.  |
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Apr 25 2024, 03:53 PM
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#2
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Senior Member
7,106 posts Joined: Jan 2003
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QUOTE(RegentCid @ Apr 25 2024, 03:42 PM) Starting May 12 - August 31. This is wrong info.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. |
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