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KWSP Malaysia for Monthly Housing Loan Payment [ March 13th, 2010 ] | 106 views | Leave a Comment

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I heard a lot of forumer keep on discussing about this issue recently - KWSP steal citizen money! KWSP allow monthly withdrawal from EPF account 2 for the monthly housing loan repayment. But, from their discussion, some of them said that the withdrawal plan is actually a SCAM! I am sure you will feel keen to know more on this issue, right? Let me share with you what I’ve heard:

We take an assumption here:

If you have RM50,000 in your EPF account 2 and your monthly housing loan’s installment is RM1000/month. KWSP will approve your application of withdrawal from your EPF account 2 of RM50,000 and pay you RM1000/month for the next 50 months.

The only thing that KWSP did not inform us in detail is that when the application was approved, will the total amount RM50,000 is removed from EPF account 2? In the other words, it appears to be transferred to an unknown account to effect the monthly payment?

Counter Offer During Job Confirmation?

Getting a job confirmation is an exciting experience but be careful not to sign your confirmation letter quickly without looking into all the important points. This is because there are terms and condition applied for your job confirmation, you have to check whether you will be subject to any salary increment as a confirmed employee? Will your job role and responsibility remain the same? What are the extra benefits you will enjoy as a confirmed employee?

salary_increase.

For me, I have to give 3 months notice of resignation. It’s a way too long but if you are planning to stay longer at your current company then it should not be an issue. However, you still need to do counter offer during job confirmation. This is because it’s imperative to know that some employers would not wait until 3 months before a new employee joins. So, you need to think twice before making any decision.

If you very satisfy with your job and position then you can try to bargain more in order to suit your current needs. Besides, you need to do some salary survey and research to make sure that you will not underpaid. For me, I have fully prepared with the next move and planning to show something or offer to my company, which will bring more benefits to it.

My Sample of Job Confirmation Counter Proposal Letter