The Employees Provident Fund (EPF) announced dividend rate of 6.00 percent for the financial year ended 31st December 2011 after obtaining approval from Minister of Finance. It was the highest for the past 10 years and 20 basis points higher than 5.80 percent announced in 2010.
Kindly refer to “Historical Employees Provident Funds (EPF / KWSP) Dividend Rate” page for EPF dividend rate table & chart since 1952.
The total dividend payout stand at RM24.47 billion from RM27.24 billon investment income. The payout representing an increase of 13.23 per cent compared to RM21.61 billion recorded in 2010. The remaining RM2.77 billion are used for net impairment allowance on financial assets, investment expenses, operating expenditures, statutory charges and dividend on withdrawals.
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Every 3 months, since March 2010, EPF reveals its top 30 equity investments in Bursa Malaysia. The aim for this is to promote greater transparency and to reassure members that investment undertaken are in the best interest of growing their retirement savings and in accordance to best practices in investment and governance.
For Q4 2011, when compared to September 2011, the most notable changes are AirAsia, Globetronics Technology, Plus Expressway and AEON no longer under EPF Top 30 Equity Investments. Replacing the position are Petronas Chemical, Axis REIT, Maybank and Hong Leong Bank.
The table below are the Top 30 Equity Investments in companies listed on Bursa Malaysia as of 31st December 2011.
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As highlighted in 2012 Budgets, Employees Provident Fund (EPF) members who are Muslims and have at least RM1,300 savings in their EPF Account 1 will be able to register for the hajj with Tabung Haji (TH). The facility offered starting from 3rd January 2012.
The other eligibility criteria are, EPF members must be a Malaysian citizen or permanent resident, below 55 years old & have a savings account with TH.
This is a great facility but remember that the facility does not expedite an early date for the Hajj.
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As highlighted during 2012 budgets, employers’ statutory contribution rate for Employees Provident Fund (EPF) will be increased from 12% to 13%. However, the increase is only applicable to the workers who earning less than RM5,000 a month. The employees’ contribution rate remains at 11%.
For employees of 55 years old and above (up to 75 years old), the new employer’s share contribution rate is 6.5% from 6.0% previously. The employees continue to contribute at 5.5 per cent.
Kindly refer to “Employees & Employers EPF Contribution Rate since 1952” for historical employees & employers rate.
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Since March 2010, EPF reveals its top 30 equity investments in Bursa Malaysia. The aim for this is to promote greater transparency and to reassure members that investment undertaken are in the best interest of growing their retirement savings and in accordance to best practices in investment and governance.
For Q3 2011, when compared to June 2011, EPF was increasing its stake in most of its portfolio. One on the most notable changes is, AirAsia appeared in EPF top 30 investment portfolios while Maybank out of the list.
The table below are the Top 30 Equity Investments in companies listed on Bursa Malaysia as of 30th September 2011.
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