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Friday, January 28, 2022

EPF payout 6.1% for 2021, Look beyond EPF for retirement

No rush for tiered EPF dividends  https://www.thestar.com.my/news/nation/2022/03/03/no-rush-for-tiered-epf-dividends?utm_source=Smartech&utm_medium=email&utm_campaign=dailynewsalert&utm_content=20220303&__sta=vhg.uosvpxjsmqesamkpob%7CIUHH&__stm_medium=email&__stm_source=smartech

KUALA LUMPUR: After announcing surprisingly good 2021 dividends for contributors – 6.1% for conventional savings and 5.65% for syariah savings – the Employees Provident Fund (EPF) says it will not rush into implementing a tiered dividend system.

 PETALING JAYA: While the Employees Provident Fund (EPF) provides the best savings and retirement scheme for private sector workers, economists are advising them to invest in other schemes as well to tide them over.

Economics expert Prof Dr Barjoyai Bardai of Universiti Tun Abdul Razak said people should start investing in endowment schemes, and unit and property trusts to ensure solid growth of their wealth.

EPF posts stronger performance amid economic ... -

EPF posts stronger performance amid ... - Asia Journal

‘Look beyond EPF for retirement’

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