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News EPF Account 3 to go live on May 11

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vez
post Apr 25 2024, 12:59 PM

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QUOTE(jojolicia @ Apr 25 2024, 12:55 PM)
Yes, it was mentioned Acc 3 will not be paid same dividend as Acc 1 & 2.

A very low dividen for acc 3
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sos please
vez
post Apr 25 2024, 01:09 PM

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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.

user posted image
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don think they so dumb

they might implement just like SSPN, nett in, if you withdraw x amount, you put in y, your nett in is y-x
vez
post Apr 25 2024, 01:10 PM

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QUOTE(jojolicia @ Apr 25 2024, 01:09 PM)
speculate only, adui ini orang
vez
post Apr 25 2024, 01:12 PM

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QUOTE(ye0073 @ Apr 25 2024, 12:59 PM)
So if got 100,000 at account 2

• 100,000 x 10/30 = 33,333 to account 3
• 100,000 x 5/30 = 16,667 to account 1
• 100,000 x 15/30 = 50,000 remain in account 2
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more easier is

account 1 70k
account 2 30k

end up
account 1 75k (account 2 5/30 into here)
account 2 15k (account 2 15/30 remain)
account 3 10k (account 2 10/30 into here)
vez
post Apr 26 2024, 08:37 AM

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QUOTE(askingquestion @ Apr 25 2024, 01:17 PM)
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)
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x% they make and name it account 3 laugh.gif
if they make it x% from account 2, people confuse sweat.gif
and not easy to maintain, how long the x% in account 2 reset for next withdrawal etc

for example if 50% from account 2 is withdrawable, once got ppl withdraw 50%, what next? coming month salary in, what is the amount of 50% can withdraw?
the logic and algorithm not to say cannot achieve, and eventually system can calculate, ppl will be confuse

just like WHY account 1 and 2 if 30% can use for house laugh.gif why why why...
separating to account 3 is best for manage and easily straightforward how much one can withdraw

 

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