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.
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.
Prime Minister Datuk Seri Najib Razak, who is also Finance Minister, unveiled 2012 budgets at the Dewan Rakyat on Friday 7th October 2011.
The RM232.8 Billion budgets are allocated to implement all government development plans, focusing on the well-being of the rakyat. RM181.6 Billion is for operating expenditure and the remaining RM51.2 Billion is for development expenditure.
The Government’s budget deficit estimated to improve to 4.7% next year compared with the current 5.4%. On top of that, the economic growth was projected to be between 5% and 6% for 2012, with this year’s growth expected at 5% to 5.5%.
The following are Budget 2011 highlights for Personal Finance and Investment.
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.
When compared to the data for March 2011, it seems that EPF trim its holding in many big companies such as Sime Darby Maybank maybe for profit taking.
The table below are the Top 30 Equity Investments in companies listed on Bursa Malaysia as of 30th June 2011.
Previously, we take a look at savings range for more than 6 million EPF members in 2010. Do you know what is the average savings of each active members based on age for 2010?
If you are interested to know this information, kindly take a look at the following table. It shows members average savings, total savings based on age. The figures exclude 2010 dividend.