CPF announces 6.35% dividend for 2013!

[makapaaa]

Malaysia's!

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Published: Sunday February 16, 2014

EPF announces 6.35% dividend for 2013

KUALA LUMPUR: The Employees Provident Fund (EPF) announced a 6.35% dividend for 2013, higher than the 6.15% declared for 2012.

EPF chairman Tan Sri Samsudin Osman said in a statement on Sunday that this would involve the highest sum in dividend payout to subscribers, totalling RM31.20bil.

It is 13.66% higher than the total dividend payout in 2012, which was RM27.45bil, he added.

Samsudin said the dividend rate was declared on the back of a record gross investment income of RM35bil, a 12.81% rise from the RM31.02bil gross investment income recorded in 2012.

"The 2013 dividend payout was derived after deducting the net impairment allowance on financial assets, investment expenses, operating expenditures, statutory charges as well as dividend on withdrawals," he said.

Samsudin said equities emerged as the largest contributor to the EPF's gross investment income in 2013, generating RM19.52bil of income, a significant increase of 40.39% compared with RM13.90bil recorded in 2012.

"EPF's equities portfolio generated double-digit realised returns, exceeding the performance of other similar funds," he said.

Samsudin also said the strong performance in its equities portfolio was helped by the local and global indices reaching new highs. - Bernama

 

[GaoFighGar]

Malaysia Boleh, Truly Asia. Huat AH.

 

[da dick]

Malaysia Boleh, Truly Asia. Huat AH.

fuck u, mat. give us oil! and kankgong!

 

[eErotica69]

malaysia boleh, truly asia. Huat ah.

$1= rm 2.62

 

[lifeafter41]

Not sure if inflation in Malaysia high, though the Ringgit has also depreciated a fair bit.
Nevertheless, it sure is better than the pittance 2.5%/4% payout of CPF.
That's not even enough to cover inflation in Singapore.

Inflation is one form of taxation that can be imposed without legislation. (Milton Friedman)

 

[Hans168]

& how much we get in sg for letting Ho Ching & LKY dip into our money?

 

[Leepotism]

Post date:
17 Feb 2014 - 3:25pm





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I refer to the article “Malaysian pension fund declares record payout” (Straits Times, Feb 17).
Malaysia’s EPF paid 6.35%

It states that “Malaysia’s pension fund has declared a dividend rate of 6.35 per cent for the financial year ending Dec 31, 2013, making it the biggest ever payout to its members.”
EPF historically from 4.25 to 8.5%?

The dividend was 6.15, 5.8 and 5.65 per cent in 2012, 2010 and 2009, respectively, and has historically paid a return of between 4.25 to 8.5 per cent.
CPF 2.5%?

The bulk of Singapore’s CPF only pays an interest of 2.5 per cent on the Ordinary Account (OA). The maximum CPF contribution rate of 36 per cent goes into the OA, Special Account (SA) and Medisave Account (MA) – at 23, 6 and 7 per cent respectively. The interest rate for the SA and RA is 4 per cent, plus an extra 1 per cent on the first $60,000 of the OA (first $20,000 with interest credited to the SA), SA and MA.
Our CPF utilised?

The Government has been utilising our CPF and keeping the excess returns all these years.
CPF balance projections into the future?

With a balance of $248.1 billion in CPF, as of December 2013, and net annual withdrawal retention (contributions – $26.1 billion minus withdrawals – $11.7 billion ) of $14.4 billion in 2012 – if we assume a combined all CPF accounts’ average interest rate of 3 per cent, the total CPF balance is projected to be about $503 and $847 billion, in 10 and 20 years time, respectively.
Versus other pension funds?

If the average rate is say 5 per cent, like Malaysia and other countries – the projected CPF would be $594 and $1.16 billion, respectively.
Losing $313b in the next 20 years?

So, in a sense, the difference of about $91 and $313 billion, is like an “implicit tax” on our CPF savings.
How much “implicit tax” have we lost in the past?

Leong Sze Hian
*Leong is the Past President of the Society of Financial Service Professionals, an alumnus of Harvard University, has authored 4 books, quoted over 1500 times in the media , has been host of a money radio show, a daily newspaper column, Wharton Fellow, SEACeM Fellow, columnist for Malaysiakini, executive producer of the movie Ilo Ilo (24 international awards). He has served as Honorary Consul of Jamaica and founding advisor to the Financial Planning Associations of Brunei and Indonesia. He has 3 Masters, 2 Bachelors and 13 professional qualifications.

 

[Equalisation]

Just give us back all OUR hard-earned CPF money at age 55 NOOOWWWW !!!