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Category: EPF

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EPF

EPF’s dividend is going to be quite a wow it seems

This piece of news did not come from me. The prediction must come from some analyst with lots of data which he / she could refer to in order to make such a prediction. I do not have such resources. How high is high and what is considered a wow? Well, FD rates are probably 3.5 percent. The potential EPF dividend rate is forecasted to be over 75 percent higher! That’s definitely a wow and worthy of a celebration, right? We cannot take out the money before we retire but it’s still our money. The more the merrier.

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EPF

Experts: EPF dividend expected to be 6 percent for 2024

Even if the dividend percentage is the same as last year, it is close to double the fixed deposit rate. Thus, the chance is there for it to be higher than double? 🙂 It does seem to be so based on the reports after the announcement of the Q3 results for EPF. Another two positive projections and reasons are reported in NST. Both said that the rate would be between 5.7 to 6 percent. I would like to wish they are right and if possible for them to be wrong; their forecasts are lower than actual. 🙂 Read what they say below.

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EPF

EPF’s 2024 shariah savings dividend may beat conventional savings.

We know EPF is doing exceptionally well thus far for 2024. Way better than the 2023. Thus, expectations is that there is a possibility to exceed 6 percent dividends for 2024. I know, we could not touch the money until our retirement but it’s still a very good news. Last year, the dividend was very close to 6 percent. Below are EPF’s dividends over the years. Yes, we can see a 5 percent (except 2020) has been very much the theme.

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ABCs of Personal Finance

EPF members, higher dividends are possible for 2024.

EPF’s investment has been doing well actually. In fact 3Q24’s performance was very strong. Here’s the report: Article in thestar.com.my So, what does this mean to all the members? I know, we are unable to touch the money before we retire or well, you want to touch that Account 3… However, for the majority of us, the compounded interest continue to happen every year with EPF’s dividends. Thus, this is a good news indeed. Perhaps read what the analysts are saying. They have access to more numbers and can certainly do a better research too.

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EPF

EPF’s distributable income gives me a smiling face

EPF has a total of over 8.6 million ACTIVE members and this includes me. So, anything positive about EPF is something positive for me and all the active members too. I mean if the member is inactive but they have funds in the EPF, they will be happy too since they will also be receiving higher dividends when the EPF is doing well. Last year was a good year and this year it seems that things are even better too. Let’s read on to understand what is happening in the first half of 2024 where incomes are concerned. Good news!

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ABCs of Personal Finance

EPF News: Aim to save RM1 million by 60 years old

Well, if we did not withdraw any amount and we continue to save from the day we started working at 25 until the day we retire at 60, chances are the amount will be substantial. The reason is simple, if we are working, we save 11 percent of our pay while our employer will put in 12 percent. In other words, at minimum, we have a total of 23 percent of the salary being saved every month for 35 years. Just the savings alone?

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