There are 3 possibilities in Unit Trust EPF Scheme by 2013??
DO YOU THINK THE EPF WILL INCREASE OR REDUCE THE BALANCE IN EPF ACC 1 IN BASIC SAVING SCHEME by 2013??
Pls read this article;
http://www.nst.com.my/nst/articles/22fartc/Article
This Basic Savings scheme is to be updated every five years to take into account developments during those years. The RM500 target monthly expenditure is based on a survey commissioned by the EPF in 2003 to determine the necessary minimum income for retirees in Malaysia. Developments since then would be taken into account in the next set of computations for 2013.
SO,
What is the affect for Unit Trust withdrawal, if the Basic Saving Scheme is increase or reduce by minimum RM1000 in Account 1 Balance?
Currently:
If a person 30 yrs old now and he has RM23,000 in EPF Acc 1. His basic Balance in Acc 1 should be RM18,000.
Eligibility for EPF withdrawal for Unit Trust Investment = RM23,000 – RM18,000 = RM5,000
RM5,000 x 20% = RM1,000
He can withdraw RM1000.00 for Unit Trust Investment to manage and maximize his returns by own.
Scenario A:
If EPF reduce the balance in ACC 1 by RM1000.00 which is RM18,000 – RM1,000
= RM17,000
For 30 years old = Basic balance in Acc 1 = RM17,000
Eligibility for EPF withdrawal for Investment = RM23,000 – RM17,000 = RM6,000
RM6,000 x 20% = RM1,200
He can withdraw RM1200.00 for Unit Trust Investment to manage and maximize his returns by own.
This mean he can withdraw more money for unit trust investment.
Scenario B:
If EPF increase the balance in ACC 1 by RM1000.00 which is RM18,000 + RM1,000
= RM19,000
For 30 years old = Basic balance in Acc 1 = RM19,000
Eligibility for EPF withdrawal for Investment = RM23,000 – RM19,000 = RM4,000
RM4,000 x 20% = RM800
He CANNOT withdraw RM800 for Unit Trust Investment to manage and maximize his returns by own.
This mean he cannot withdraw money for unit trust investment.
THE MINIMUM WITHDRAWAL IS RM1000.00
CONCLUSION;
IF EPF reduce THE BALANCE IN ACC 1, MORE MONEY CAN BE WITHRAW FOR UNIT TRUST INVESTMENT.
IF EPF increase THE BALANCE IN ACC 1, LESS MONEY CAN BE WITHRAW FOR UNIT TRUST INVESTMENT.
So, those EPF members who plan to manage EPF money from Acc 1 by own;
There are 3 possibilities;
1:
EPF may remain the basic balance in EPF Balance in Acc 1 IN BASIC SAVING SCHEME . You can decide when you want to withdraw your EPF money.
2:
EPF may reduce THE BALANCE IN ACC 1 IN BASIC SAVING SCHEME , You can wait for the right time to withdraw, because you may withdraw more money. But you still need to consider your age factor because if you get older, the withdrawal from EPF acc 1 will less due to the table of basic balance.
3:
EPF may increase THE BALANCE IN ACC 1 IN BASIC SAVING SCHEME, So your withdrawal will be less plus your age factor as well.
SO, YOU NEED TO PLAN PROPERLY YOUR UNIT TRUST INVESTMENT- EPF SCHEME PLAN.
Due to inflation and increases of expenses. DO YOU THINK THE EPF WILL INCREASE OR REDUCE THE BALANCE IN EPF ACC 1 IN BASIC SAVING SCHEME BY 2013??
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More people taking out EPF funds to Invest.
pls read this ... http://www.nst.com.my/nst/articles/5workers/Article
IF unit trust risks cannot be manageable, why RM7.6 billion taken from EPF for Investment in 3 months? Instead keep the money in EPF for average return 5%, make use EPF Scheme to take out the eligible investment withdrawal amounts and maximize it.
NO WORRIES, I'M HERE TO EDUCATE/GUIDE YOU.
So, frends...... waiting for what????
Pls go to epf scheme at www.pk31-epf.blogspot.com
rgrds,
Parameswaran.K @ RREMY
Unit Trust Consultant,
Public Mutual Berhad,
[email protected]
017-8735029
www.grow-money77.blogspot.com
DO YOU THINK THE EPF WILL INCREASE OR REDUCE THE BALANCE IN EPF ACC 1 IN BASIC SAVING SCHEME by 2013??
Pls read this article;
http://www.nst.com.my/nst/articles/22fartc/Article
This Basic Savings scheme is to be updated every five years to take into account developments during those years. The RM500 target monthly expenditure is based on a survey commissioned by the EPF in 2003 to determine the necessary minimum income for retirees in Malaysia. Developments since then would be taken into account in the next set of computations for 2013.
SO,
What is the affect for Unit Trust withdrawal, if the Basic Saving Scheme is increase or reduce by minimum RM1000 in Account 1 Balance?
Currently:
If a person 30 yrs old now and he has RM23,000 in EPF Acc 1. His basic Balance in Acc 1 should be RM18,000.
Eligibility for EPF withdrawal for Unit Trust Investment = RM23,000 – RM18,000 = RM5,000
RM5,000 x 20% = RM1,000
He can withdraw RM1000.00 for Unit Trust Investment to manage and maximize his returns by own.
Scenario A:
If EPF reduce the balance in ACC 1 by RM1000.00 which is RM18,000 – RM1,000
= RM17,000
For 30 years old = Basic balance in Acc 1 = RM17,000
Eligibility for EPF withdrawal for Investment = RM23,000 – RM17,000 = RM6,000
RM6,000 x 20% = RM1,200
He can withdraw RM1200.00 for Unit Trust Investment to manage and maximize his returns by own.
This mean he can withdraw more money for unit trust investment.
Scenario B:
If EPF increase the balance in ACC 1 by RM1000.00 which is RM18,000 + RM1,000
= RM19,000
For 30 years old = Basic balance in Acc 1 = RM19,000
Eligibility for EPF withdrawal for Investment = RM23,000 – RM19,000 = RM4,000
RM4,000 x 20% = RM800
He CANNOT withdraw RM800 for Unit Trust Investment to manage and maximize his returns by own.
This mean he cannot withdraw money for unit trust investment.
THE MINIMUM WITHDRAWAL IS RM1000.00
CONCLUSION;
IF EPF reduce THE BALANCE IN ACC 1, MORE MONEY CAN BE WITHRAW FOR UNIT TRUST INVESTMENT.
IF EPF increase THE BALANCE IN ACC 1, LESS MONEY CAN BE WITHRAW FOR UNIT TRUST INVESTMENT.
So, those EPF members who plan to manage EPF money from Acc 1 by own;
There are 3 possibilities;
1:
EPF may remain the basic balance in EPF Balance in Acc 1 IN BASIC SAVING SCHEME . You can decide when you want to withdraw your EPF money.
2:
EPF may reduce THE BALANCE IN ACC 1 IN BASIC SAVING SCHEME , You can wait for the right time to withdraw, because you may withdraw more money. But you still need to consider your age factor because if you get older, the withdrawal from EPF acc 1 will less due to the table of basic balance.
3:
EPF may increase THE BALANCE IN ACC 1 IN BASIC SAVING SCHEME, So your withdrawal will be less plus your age factor as well.
SO, YOU NEED TO PLAN PROPERLY YOUR UNIT TRUST INVESTMENT- EPF SCHEME PLAN.
Due to inflation and increases of expenses. DO YOU THINK THE EPF WILL INCREASE OR REDUCE THE BALANCE IN EPF ACC 1 IN BASIC SAVING SCHEME BY 2013??
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
More people taking out EPF funds to Invest.
pls read this ... http://www.nst.com.my/nst/articles/5workers/Article
IF unit trust risks cannot be manageable, why RM7.6 billion taken from EPF for Investment in 3 months? Instead keep the money in EPF for average return 5%, make use EPF Scheme to take out the eligible investment withdrawal amounts and maximize it.
NO WORRIES, I'M HERE TO EDUCATE/GUIDE YOU.
So, frends...... waiting for what????
Pls go to epf scheme at www.pk31-epf.blogspot.com
rgrds,
Parameswaran.K @ RREMY
Unit Trust Consultant,
Public Mutual Berhad,
[email protected]
017-8735029
www.grow-money77.blogspot.com
