Employees’ Provident Fund (EPF) has restructure its members’ accounts starting 11 May 2024. To learn more about this new account structure, you may click here. Your Akaun Fleksibel is now active and has been receiving its portion if you have made contributions in the past few months. The deadline for the transfer of an initial …
In 2024, I found out that Interactive Brokers (IBKR) offers some advantages over Firstrade (click here to learn more about Firstrade) and Gotrade. Thus, I decided to transfer my portfolio in Gotrade to IBKR. In this IBKR review, I will share my reasons of switching to this brokerage. Funding of the account The main reason …
(Updated: 22 May 2024) Employees’ Provident Fund (EPF) has restructure its members’ accounts starting 11 May 2024. Account 3 or Akaun Fleksibel is now active. To learn more about this new account structure, you may click here. Transfer initial amount to Akaun Fleksibel We can use the KWSP i-Akaun app to initiate the transfer from …
Employees’ Provident Fund (EPF) is going to restructure its members’ accounts starting 11 May 2024. It is going to introduce Account 3 which allows flexible withdrawal. Hence, a member’s account will increase from two accounts to three accounts. This exercise involves all EPF members under the age of 55. Current account structure Currently, a member’s …
Whether you are a young professional starting your career, a family saving for your children’s education, or a retiree enjoying your golden years, a well-crafted financial plan can make all the difference in achieving your goals and securing your financial future. Let’s delve into why having a financial plan is crucial for individuals and families …
Private retirement scheme (PRS) has been around since 2012. Currently, there are nine providers, namely AHAM Capital, AIA, AmInvest, Hong Leong Asset Management Bhd, Kenanga Investors, Manulife Investment Management, Principal Asset Management, Public Mutual, and RHB Am. To know more about PRS, you may click here. Benefit The main benefit of PRS is its tax …
The Employees’ Provident Fund (EPF) has declared its dividend for 2023. The rate for conventional savings is 5.50% (2022: 5.35%) . It is 5.40% (2022: 4.75%) for Simpanan Shariah. This dividend rate is on par with what I expected. Dividend history You may refer to this page (click here) for EPF dividend history. Its dividend …
After working for many years, it is finally time to retire. But do you have enough assets? Can you afford to retire? No one plans to be poor in retirement, but many do end up in poverty or could not stop working. What went wrong? They fail to plan. Retirement need The data from Employees …
In education planning, we are concerned with the education of our kids. We focus primarily on tertiary education as this part of education is usually the most costly. Furthermore, primary and secondary education are available for free or at a minimal cost in Malaysia. Nonetheless, if you choose to send your child to private schools …
Investment planning is one of the key components of financial planning and it directly affects the outcome of the financial plan. In this article, we will look at the steps involved in investment planning. Steps of investment planning 1. Meeting the prerequisites Before we start investment, we should have adequate provision for the basic necessities …
