The Employees Provident Fund (EPF) declared 5.65 percent of dividend for the financial year ended December 2009. Compare to previous year, which is only 4.5 percent given.
EPF Dividend For 2009
Invest Unit Trust With EPF Saving
Employee Provident Fund or EPF saving can be used for investment if you are capable to outperform the dividend declared by EPF. EPF members can withdraw their EPF saving from Account 1 for investment in unit trust fund.
Reasons For Low EPF Dividend
EPF dividend declared had been always a hot topic to discuss each years. Most of the people complain that the dividend given is too low. Most investor can get higher than it or roughly 8 to 10 percent by investing it in unit trust. More aggressive investor that tend to invest in stock market sometimes will gain more than 20%.
EPF Withdrawal
As most of us know that EPF fund is for retirement expenses. Therefore, we can only take out the saving when we start retire from working. Basically, this is what I understand about EPF fund for. However, in actual, we can withdraw the saving even during pre-mature period or withdrawal before retire.
Check EPF Online
EPF (Employee Provident Fund) had provided online portal or i-akaun for their customer since 2005. Employees and employers can check their EPF stuff online through EPF website.
Nominate EPF Beneficiaries
Continue from my previous Employee Provident Fund (EPF) series of posts about Malaysian EPF and EPF Contribution, today is the most important, your EPF beneficiaries nomination.
EPF Contribution
Historically, employees contribute 11% of their monthly salary while their employers contribute 12% of your monthly salary. All together, 23% of your monthly salary is contributed to your EPF account.
