EPF Top Up Saving
Malaysia’s national pension fund EPF, was ranked the 8th largest fund in the world with US$94.66bil. Do you believe this? Apart from investing in domestic assets, EPF continues to enhance to diversify its portfolio into foreign markets particularly in equities.
Although you are not believe with the above facts, but one thing you should believe is you can top up in your EPF Account 1 in order to maximize your retirement savings. The minimum amount for each top up is just MYR 50.00. This saving can only be withdrawn when the toppee reaches the age of 55, or Death.
There may not have strict policy to be a Saving Topper:
- He/She may be a Malaysian or Non-Malaysian Citizens.
- He/She need not be an EPF member.
- He/She may top up to more than one Toppee.
There may have some requirements need to be met as a Saving Toppee:
- He/She must be a registered EPF member.
- He/She must not exceed the age 55.
- He/She must be either a Malaysian citizen or a Permanent Resident.
This is the Top 30 holdings(local company) of EPF:
September 19th, 2008 at 7:00 pm
I guess I can save my money on the other place, low interested still ok, because this saving have to wait till 55 only can take out.. too long already
November 24th, 2008 at 12:42 pm
You got a nice post on Up Saving | Malaysia’s Financial Blogger | imDavidLee.Com. Really very nice to read and useful, thanks for the nice share.
June 16th, 2009 at 12:52 pm
Waiting until age 55 is too long? How bout 12 time payment with higher interest compared to 2007 EPF dividen? I suppose this will be more interesting. PC Loh from ingh88@gmail.com