leftright-investment

Although EPF members investment scheme was launched years ago, yet many Malaysians still do not know the existence of it. Follow by next question: "How to calculate the withdrawal amount?". Hope this post can give all of you an insight on this matter. First, we must know that EPF members investment scheme only allows eligible members to withdraw eligible amount to EPF-approved investment schemes. The schemes was being monitor closely by EPF authorities, by reviewing it every year, in order to protect the interest of EPF members. Am I eligible? Members can withdraw up to 20% of access amount from the minimum required Basic Saving in Account ONE. The minimum amount for each withdrawal is RM1,000. Sounds confusing, right? Let's explore it step-by-step. Step 1: Determine the age (what is your celebrated last birthday?) Step 2: Determine the required Basic Saving in Account 1. Step 3: Determine your Current Saving in Account 1 . Step 4: Applying the formula : (Account 1 - Ba...

For the financial year ended 31 December 2010, Employees Provident Fund (EPF) announced a 5.8% dividend rate. This translates into RM21.61 billion, which is the highest dividend payout amount ever to members, an increase of 11.55% over the 2009 dividend payout of RM19.37 billion. For the year 2009, the dividend rate is 5.65%. "The remarkable investment income achieved in 2010 was especially driven by the performance of equity investments. The improved financial and economic conditions provided the market with sufficient liquidity, allowing profit taking activities throughout the year", said EPF chairman in statement issued. Who is the main contributor? Buoyed by a good year for the equities market, equities were the largest contributor to the EPF's gross investment income in 2010, representing 45.45% of EPF's total gross investment income. ( See Table 1 ) Source: EPF website During the year under review, EPF total investment assets also continued to register healt...

Since EPF go online years ago, many people are disappointed by the way the website was maintained and updated. However, as time goes by, EPF had done a face-lift to its website. If you noticed, I could say that EPF website nowadays is very informative, convenient, well-organized.  I know, I know, maybe you are saying: “Is it really so goooood ???” The fact is, I am not a EPF staff, then why I need to praise them? From now onwards, there will be an EPF series written in this blog. In this 1st series, I would like to touch on i-Akaun by EPF. What is i-Akaun? i-Akaun is a member’s or an employer’s personal account to be used on the Internet, specifically on myEPF portal. By having this account, users are able to access EPF services that are being offered online. What are the online services offered? For members: - View and print account statement for current and previous year. - View withdrawal status and history. - View EPF transaction activities. - Update mailing address and person...