@eeevie i dont plan on doing anything but i am curios tho how does the interest work. does acc3+acc2 yield the same interest as acc2? if it does, i might just transfer some for emergency fund.
@thefirstoftheseconds Are you asking about the dividends? EPF has stated it will be the same for now. So if you take out money, means you have less money inside, means less dividends.
@thefirstoftheseconds Your voluntaru contributions will be divided according to the new 75-15-10 partition. Even if the dividend is the same, you're locking up 75% of your emergency fund until you are 55
@tyronasmith lets say im not transferring any fund to acc3, in the future my epf contribution will still be divided to 75-15-10 right? but my question is the interest calculation. will it benefit more to have more in acc 2 instead of acc 3 or it doesnt matter? If the interest is the same, i might transfer more money to acc 3. if its less, then i just wont make the transfer
@eeevie Nope ain't touching it at all. Epf is considered my retirement fund and it's pretty much free dividend every year. The more I take out the more I lose to gain for retirement so I choose not to.
You can move it to the account 3 and then pretend you’ve done nothing, don’t touch the money until you retire. Same shit.
The only flexibility here is that account 3 is there for you if somehow some way you need an injection of cash without being ripped off by interest from a bank loan or going to ah long.
@karubin The temptation is there though. Like u said if no discipline it ll be used up and may regret it later on. U may have the discipline but others may not.
