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Good news!!! The Employees Provident Fund (EPF) targets on giving its members a 5.15 to 5.25% dividend this year as a result of its successful investment overseas. This is good as last year’s pay-out was only 5%. Currently, standard employee contribution as required by law is 11% while employer is 12%.

A quick comparison of our EPF with our neighbour’s (CPF, Singapore) –Employee 20%, employer 13%, interest rate 3.5%. What do you think ?

This entry was posted on Wednesday, November 7th, 2007 at 5:58 am and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.