Malaysian working in Singapore also had to wait until 55 years old even they already stop working there and working in malaysia..

Frankly, collecting from expat is a form of desperation if you ask me.

EPF function is for retirement. You expect the expat to retire meh? Doesnt make common sense to ask them to contribute.

Had* but since last year no more. And it was only West malaysia becoz the excuse they give is that west Malaysia can very easily return to sg to work again.
Why not see it from the angle that it is equalizing the pay conditions for locals and foreigners. So foreign workers no longer cheaper to hire simply because no need pay epf in their celery.

Hopefully yes together with minimum wage hike ppl get weaned off the cheap foreign labour drug. But even at 1.5K and the numerous hassles and levies etc, some factories still turn to foreigners in droves.

1 of the most Stupid thread in 2024.
EPF = forced Tax.
If you think EPF is your money, you are still deep sleep.

RM10000 today = Shit in 30 years later.
Just like how RM1000 you go back 30 years ago, you can do so much more.

EPF is just another kind of Tax. or Forced Loan

ayam most curious the effect they have on those coffeeshop and resto bangla and myanmar. unless the EPF contribution rate is lower than local rate, employers now have to factor in a minimum extra 12% extra into the gross pay, unless they can convince the workers that ("even though your take home pay is lower, but the money is still yours to withdraw once you leave").

i think for expat these are less of their concerns but the mid level expat they want to enroll their childrens to public school and public hospital too.

at the same time if they also entitled for EPF, means cost of employment for them getting higher now as employer have to bear for their portion too?

epf = force contribution
zakat = self contribute

all must deduct for epf
where got can select epf or zakat?

Really sad how most Malaysians like TS don't even realize that it's not EPF that's giving the members money, it's from the investment.  The larger the investment pool, typically the more % returns you get.  We don't rugi anything when foreigners have money in EPF.
I guess that's why most are stuck as b80s.

you also have to understand with the amount of money generate certain profit as dividend. Having more investment does not guarantee higher return rate but more to share if higher profit with less money.

Can you firm that the more money in the portfolio will generate higher return?