Malaysia’s EPF or KWSP declared 4.5% dividend
March 19, 2009 Diana's Diary, Finance 4 CommentsFinally after almost 3 months, KWSP declared 4.5% dividend for its contributors. The Employees’ Providend Fund (EPF) or Kewangan Simpanan Pekerja (KWSP) declared a dividend of 5.7% in 2007. It is still better than Fixed Deposits rates which are now a meagre 2.5% for 3 months or 12 months. So it is still better to keep your savings in EPF and contribute more if you can afford. Last month, I have signed a form from KWSP to contribute 50% of my income to EPF for more returns since I have spare cash to keep. This is part of my retirement plan to have sufficient savings in my golden years to tide me through the years. In a while, I will be going down to KL for business and will be back 1 or 2 days later.
