(29-05-2024, 07:15 PM)Bigiron Wrote:  The interest rate for CPF Special, MediSave and Retirement accounts will rise from 4.05% to 4.08% in Q3 this year.

The Ordinary Account rate will remain the same: https://cna.asia/4aGpNo8

(29-05-2024, 07:15 PM)Bigiron Wrote:  The interest rate for CPF Special, MediSave and Retirement accounts will rise from 4.05% to 4.08% in Q3 this year.

The Ordinary Account rate will remain the same: https://cna.asia/4aGpNo8

Members 55 & above will receive extra 2% interest on first S$30k of their combined balances, capped at S$20,000 for the OA, and an extra 1% on the next S$30,000.

(29-05-2024, 07:31 PM)SoundofSilence Wrote:  lol epf pays 6% on total balance since donkey yrs

they just started akaun 3 aka akaun flesibel - can withraw daily, up to 30k

(30-05-2024, 07:08 PM)Ola Wrote:  I thought recently they said excess SA goes to OA

Meaning this only benefits those below 54 years old

The rest of those elderly can vote PAP OUT

(31-05-2024, 11:38 PM)sgh Wrote:  It is not the percentage game it is how much the currency can buy goods and services for the same dollar. EPF is Msia MYR cannot F now one economic rice depends where you live easily MYR 8 - 10. So what if you got 6% can the increase buy more? If cannot then in a way you rugi more. But argue with ppl got face as 6 is bigger than 4.08 and those no brains cannot think further will agree.

(31-05-2024, 11:38 PM)sgh Wrote:  It is not the percentage game it is how much the currency can buy goods and services for the same dollar. EPF is Msia MYR cannot F now one economic rice depends where you live easily MYR 8 - 10. So what if you got 6% can the increase buy more? If cannot then in a way you rugi more. But argue with ppl got face as 6 is bigger than 4.08 and those no brains cannot think further will agree.

(01-06-2024, 02:48 PM)SoundofSilence Wrote:  u know why sinkies go jb buy things??

(01-06-2024, 07:16 AM)sgbuffett Wrote:  The return of 6% has to be compared with inflation in Malaysia.

If there is zero inflation, 6% is very good ....if there is 7% inflation 6% is very bad.

Malaysia inflation rate is 2.49% in 2023.
Singapore inflation rate is 4.8% in 2023.

That 6% is good  vs 4% we get because it beats inflation there  more.

As for fall of MYR vs SGD. The currency exchange is only relevant when people travel across borders to spend. 
If you are a Malaysian spending your MYR in Malaysia you are affected only by inflation rate in Malaysia.

(02-06-2024, 12:35 AM)sgh Wrote:  Becuz SGD big MYR small so spend until very shiok. Who ask MYR cannot F ? From last time bigger than SGD when Spore kena kicked out till now lose so much MYR really cannot F so alot JHK come here dig SGD gp back spend MYR and they are Msian becuz they smart

(02-06-2024, 12:41 AM)sgh Wrote:  You talk a lot using official numbers but you are not at the ground level to understand the situation. My wife a former Msian now back in Msia to help out. Don't tell me official numbers come and post when you got Msian relatives or someone close to tell you their stories happening to them in Msia.

(02-06-2024, 10:35 AM)SoundofSilence Wrote:  its callled purchasing power parity

(31-05-2024, 01:04 PM)Tee tiong huat Wrote:  With govt’s efforts to boost retirement savings for CPF members, members will continue to earn extra interest on their CPF savings. Those below 55 years old will earn an extra 1% interest on first S$60k (US$44,460) of their combined balances. This interest is capped at S$20,000 for OA.

Members 55 & above will receive extra 2% interest on first S$30k of their combined balances, capped at S$20,000 for the OA, and an extra 1% on the next S$30,000.

What happen to the CPF special account arhh?. They see want to close?.

(01-06-2024, 09:03 AM)FangFang Wrote:  Now what...

(02-06-2024, 02:32 PM)sgh Wrote:  My English not very good now I learnt something new thanks for sharing

(02-06-2024, 12:17 PM)moonrab Wrote:  EPF Historical Rates

The last decade has seen fluctuating yet commendable performance from the EPF, with the highest dividend rates recorded in 2017 (6.9%) and 2014 (6.75%), attributed to favorable market conditions. 
Despite the impact of global and domestic market uncertainties on investment returns, EPF is still able to generate returns above 5.0% for the past decade.

Year Syariah Dividend Conventional Dividend
2023 5.40% 5.50%
2022 4.75% 5.35%
2021 5.65% 6.10%
2020 4.90% 5.20%
2019 5.00% 5.45%
2018 5.90% 6.15%

EPF is not fix at 6%. Fluctuating between 5.5 plus minus.
With the decades of unpredictable ringgit depreciation rate, it pulled down the 5.5% interest rate.

Definitely for long term retirement plan, CPF RA 4.05 plus % is a much reliable investment.