Recently, I tried to withdraw from Simpan SSPN Prime for my house renovation. However, I have encountered a problem which I am sharing here. Previous Experience I have made a few withdrawals in 2024 to try out the process. You may click here to read it. In short, it takes around three to four working …
Not too long ago, I decided to withdraw some money from my Employees’ Provident Fund (EPF) Akaun Fleksibel. In this article, I will share my experience. EPF Akaun Fleksibel Withdrawal Process To perform withdrawal, you can go to your KWSP i-Akaun app. In the app, click on Withdrawal at the bottom and select Feksibel icon …
Do you have extra cash sitting in your bank account? You are keeping it in fixed deposits (FDs), so it is considered as an investment right? Sadly, the answer is no. This is due to the fact that our personal inflation rate (click here to learn more) is often higher than the interest rate of …
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 …
(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 …
The National Higher Education Fund Corporation (PTPTN) has declared a dividend of 3.60% for Simpan SSPN Prime. The dividend declared in this year is for year 2023. Dividend history Click here to see Simpan SSPN Prime past dividends. This dividend is 18% higher than the rate last year but still lesser than the previous periods. My view …
The National Higher Education Fund Corporation (PTPTN) has declared a dividend of 3.05% for Simpan SSPN Prime. The dividend declared in this year is for year 2022. Dividend history The dividend rate of Simpan SSPN Prime in the past five years were 2018: 4.00% 2019: 4.00% 2020: 4.00% 2021: 4.00% 2022: 3.00% This dividend is slightly better …
The government has recently announced that saving in Simpan SSPN Prime is no longer eligible for tax relief. This means that Simpan SSPN Prime can no longer function as a income tax-saving instrument. My action plan I have just decided to stop investing in private retirement scheme (PRS) not too long ago and I was …
I am considering to use Simpan SSPN Prime to keep part of my emergency fund. The question is whether the withdrawal is swift to serve as emergency fund. So, I performed a withdrawal to try it out. Rationale Why do I want to use Simpan SSPN Prime when there are quite some alternatives (Versa Cash …
