Contributors are hoping for a higher dividend payout by the Employees Provident Fund ( EPF ) this year to grow their retirement nest egg. Jeremy Koh, 56, who holds both the Emas and conventional savings account, is hoping for a higher dividend as it will benefit both accounts. “As a person who is above 55 yet still employed, I am looking forward to a much higher payout by EPF .
This will only help whatever existing funds that I have in EPF, which I am leaving there because it is giving a very stable yearly payout which I have the freedom to access,” said the engineer.Koh has decided not to take out any more funds from EPF, which he believes can provide stable and high returns. A business development executive who only wanted to be known as Jackie, 43, is also hoping for a higher dividend for the sake of her retirement. “I wish to be comfortable and self-sustaining in my golden years. I have no plans to withdraw from EPF before my retirement unless it’s really necessary, such as having to pay for an emergency surgery,” she sai
EPF Dividend Payout Retirement Contributors Savings