How to make more money using your EPF before retirement age ?
For those of you who have not invested in unit trust using your EPF, it’s time to invest. EPF themselves uses OUR money to invest in funds to earn returns to pay contributors smaller dividends. Last year 4.5%. Where else if you invest directly into unit trust you can earn between 10-12%.
As I known, this new investment scheme started since 1st February 2008, all investor can invest but not more than 20% of their savings in EPF account 1. This kind of investment only allows investing once for every 3 months and minimum investment is RM1, 000.
As I known, this new investment scheme started since 1st February 2008, all investor can invest but not more than 20% of their savings in EPF account 1. This kind of investment only allows investing once for every 3 months and minimum investment is RM1, 000.
How To Apply?
1) Photocopy of your NRIC (both side)
2) Fill up KWSP investment form with some personal details
3) Fill up mutual fund companies investment forms.
What Fund Can You Invest?
All funds that has approved by EPF:
Equity Fund
Public Index Fund
Public Regular Savings Fund
Public Sector Select Fund
Bond Fund
Public Select Bond Fund
Money Market Fund
Public Money Market Fund
Equity Fund (Shariah)
Public Islamic Dividend Fund
Public Islamic Equity Fund
Public Islamic Optimal Growth Fund
Public Islamic Sector Select Fund
Public Islamic Select Treasures Fund
Public Islamic Select Enterprises Fund
Balanced Fund (Shariah)
Public Islamic Balanced Fund
Fixed Income Fund (Shariah)
Public Islamic Income Fund
Money Market Fund (Shariah)
Public Islamic Money Market Fund
How Much You Can Invest In EPF Approved Unit Trust Fund?
Ever wonders how much you could withdraw from your EPF account 1 for investment? Here’s a simple calculator for EPF withdrawal. Click here to download. It’s in Excel format. Just put your age, and your Account 1 total balance, then you will get your figure.
Do you understand? Lets take my example here:eg: If you are age 26, then in your EPF account 1 should have total balance of RM16,000, then minus RM11,000(simpanan asas), and you get RM5,000, right? After that, RM5,000×20%=RM1,000(min investment for unit trust is 1k).Why Invest In Public Mutual Fund?
EPF only provide you with a return of 4-5%, and what is our inflation rate? Based on my calculation, the actual inflation rate should be more than 4%. So, EPF just preserve your value of money against inflation, you gain nothing at the end of the day. Let say, last year you have your coffee at RM 1.00, this year you have it at RM 1.10, is 10% up!!! Look at your petrol cost, 5%, fool or not?
1) Photocopy of your NRIC (both side)
2) Fill up KWSP investment form with some personal details
3) Fill up mutual fund companies investment forms.
What Fund Can You Invest?
All funds that has approved by EPF:
Equity Fund
Public Index Fund
Public Regular Savings Fund
Public Sector Select Fund
Bond Fund
Public Select Bond Fund
Money Market Fund
Public Money Market Fund
Equity Fund (Shariah)
Public Islamic Dividend Fund
Public Islamic Equity Fund
Public Islamic Optimal Growth Fund
Public Islamic Sector Select Fund
Public Islamic Select Treasures Fund
Public Islamic Select Enterprises Fund
Balanced Fund (Shariah)
Public Islamic Balanced Fund
Fixed Income Fund (Shariah)
Public Islamic Income Fund
Money Market Fund (Shariah)
Public Islamic Money Market Fund
How Much You Can Invest In EPF Approved Unit Trust Fund?
Ever wonders how much you could withdraw from your EPF account 1 for investment? Here’s a simple calculator for EPF withdrawal. Click here to download. It’s in Excel format. Just put your age, and your Account 1 total balance, then you will get your figure.
Do you understand? Lets take my example here:eg: If you are age 26, then in your EPF account 1 should have total balance of RM16,000, then minus RM11,000(simpanan asas), and you get RM5,000, right? After that, RM5,000×20%=RM1,000(min investment for unit trust is 1k).Why Invest In Public Mutual Fund?
EPF only provide you with a return of 4-5%, and what is our inflation rate? Based on my calculation, the actual inflation rate should be more than 4%. So, EPF just preserve your value of money against inflation, you gain nothing at the end of the day. Let say, last year you have your coffee at RM 1.00, this year you have it at RM 1.10, is 10% up!!! Look at your petrol cost, 5%, fool or not?
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