The Employees’ Provident Fund (EPF) has declared its dividend for 2024. The rate for conventional savings is 6.30% (2023: 5.50%). It is the same (2023: 5.40%) for Simpanan Shariah. This is the first time that both types of accounts having the same dividend rate. This dividend rate is better than what I expected. Dividend history …
Employees’ Provident Fund (EPF) has introduced its Retirement Income Adequacy (RIA) Framework on 12 December 2024. The RIA is set to launch in January 2026 but some details are already released. RIA Framework The RIA framework allows members to set savings targets that reflect different retirement lifestyles and aspirations. This approach emphasises the importance of …
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 …
In my opinion, every Malaysian should have the following three types of assets for accumulating wealth. Let us go through them one by one. ASNB fixed price funds I think most Malaysians heard about these funds. If you do not know about these funds, click here to learn more. For Bumiputera, you should invest in …
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 …
In this article, the nomination I mean is the naming of beneficiary(ies) for three assets, namely your Employees Provident Fund (EPF), life insurance and personal accident insurance, and Private Retirement Scheme (PRS). This is part of your estate planning. The beneficiary(ies) of these assets are known as nominees. Why should you make the nomination? As …
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 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 …
The Employees’ Provident Fund (EPF) has declared its dividend for 2022 and the rate is 5.35% (2021: 6.10%) for conventional savings and 4.75% (2021: 5.65%) for Simpanan Shariah. This dividend rate is slightly higher than I expected. Dividend history As my own account is the conventional savings, I am going to list its dividend rate …
