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Category: EPF

EPF Dividend
01.23.08 |EPF| Permalink | Comments Off on EPF Dividend

EPF announced it will give 5.8% for dividend in 2007. It is the highest since 2000. However my PB unit trust is giving average 8%. One funny thing, ntv7 did a poll and the result from viewers saying it is not a fair price. They hit the nail right on target.

I wonder when EPF is going to step up and perform to give a good dividend. If only they know how to invest. Maybe the govt should implement reward by performance. If the top management does not step up to their accountability or expectation, they should not be paid.

Oh well, better utilize the fund to pay off my home loan. At least I got a house at the end of the day.
EPF Loan Reduction Process
08.31.07 |EPF, Finances| Permalink | Comments Off on EPF Loan Reduction Process

I am impressed with KWSP as it has speed things up a lot compare to many years ago. I got my cheque like 2 weeks after submitting my documentation. It should be fairly fast if all your documents are in tact.

If you want to speed up the process of getting all the documents without hassle, you can request the bank where you get the loan from to assist you. They charge a nominal fee. For HSBC, it is RM50.

Papers required for loan reduction are:
Photocopy of your myKad
A certified copy of your S&P
A certified copy of your bank loan agreement
A letter from your bank confirming the latest outstanding balance of housing loan
according to the preset format. It is better to request a projection of 3 months.
Deed of Title (11A/B) or Deed of Assignment.
All Housing Loan Redemption Letters if you did refinancing previously.
KWSP 9C Form

The KWSP website is very informative and you can find most of the forms there.

Category: EPF

EPF Dividend

EPF Loan Reduction Process

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