Malaysia’s EPF or KWSP declared 4.5% dividend
March 19, 2009 1:16 pm Diana's Diary, FinanceFinally 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.
Related posts:
Jayce :
Date: March 30, 2009 @ 8:36 pm
Contribute 50%? Can we do that? I thought only 11% max from employee.
Diana :
Date: April 1, 2009 @ 9:18 am
Jayce: yes, we can contribute up to 50% of our income for our golden years savings and you have to fill in a form to state that you wish to contribute up to this percentage. However, when I check the KWSP online, the contribution for last year was only 4.12% and not 4.5% as stated in the press.
el the man :
Date: May 23, 2009 @ 4:02 pm
First I’m seeing people stating EPF actually does offer reasonable dividends.
I have to agree to. Especially when it used to be compared to the Mutual Funds previously, I believe during downturns, EPF is more ‘appreciated’ as it is capital guranteed with decent dividends.
Diana :
Date: May 24, 2009 @ 5:24 pm
el: yes, EPF is for our golden years savings.