The Employees’ Provident Fund (EPF)

EPF Dividends 2018 – 6.15%

The Employees’ Provident Fund has a good track record of declaring above average returns to Malaysians. Also, have a look at their very simple vision and mission.


Helping members achieve a better future


Safeguard members’ savings and deliver excellent services

Quality Policy

The EPF is committed to help members achieve a better future through continuous improvement in safeguarding members’ savings and delivering excellent services. 

With the EPF, Malaysians essentially have in place a system of forced savings, investing and reinvesting for their retirement.

An independent governmental body whose goal is not motivated by fees but to earn the highest possible return for its members.

In general, Malaysians are happy with the 6.15% declaration of dividends by the board of our good old EPF.

And YES! 
EPF = KWSP. They’re one and the same.

We’re all familiar with EPF as our retirement fund. But what does EPF actually invest in?

dividend magic - retirement
‘How late do you expect to be working?’

Main Assets of EPF

As of 2018, equities made up about 41% of EPF’s total assets.

A further 50% is invested in fixed income instruments.

Let’s have a look at some of EPF’s largest equity holdings.

It’s a good idea to have EPF’s investments as a reference, apart from my Freedom Fund of course. ; )

What Will Become of Your EPF Savings?

With the recent 6.15% declaration in dividend, what do you plan to do with your savings in the fund?

I’ve created a simple poll in an attempt to gauge the mentality and financial decisions of everyone here.

No pressure. Also, there are no wrong answers.

What Will You Do With Your EPF?

View Results

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What I Do With My EPF

I personally am leaving my EPF untouched till I reach 55. And then I’ll withdraw a monthly amount to keep me alive, slowly drawing down on the capital.

Your EPF is essentially forcing you to save a portion of your income every month. And it helps you reinvest those 6% and above dividends every single year.

Even though I’ve mentioned there being no wrong answers to the poll above, I do believe Option 2 and 3 – where you’re essentially drawing down on your funds from your EPF savings is the least financially sound decision.

I see no reason for one to forego that 6% return in lieu of mutual funds or property. If you’ve got to take money from your retirement savings to purchase something, you definitely can’t afford it. In my opinion, of course.

Has anyone done this long term and made good money from Options 2 and 3?


You may have heard from uncles and aunties telling you to withdraw as much as you can during times of uncertainty.

Mutual fund agents may have enticed you to believe their RM100 million funds are superior to our national fund – worth over RM800 fucking billion dollars.

Property agents may have hinted that your purchase of that 3BR apartment is a better decision than leaving your money in the hands of a professional investing team.

I think all are a load of hokum and I’ll stick with EPF for the foreseeable future.

I think you should too. 
And this is a plea to all Malaysians, don’t squander away your retirement savings.

TL;DR – Withdrawal from EPF? Bad idea.

PRIME @ Le Meridien Kuala Lumpur – Steak

Beef Steak Prime Le Meridien

Prime @ Le Meridien Kuala Lumpur

Le Meridien Kuala Lumpur
2 Jalan Stesen Sentral
KL Sentral
50470 Kuala Lumpur

Lunch: 12pm – 2.30pm
Dinner: 6.30pm – 10.30pm

Reservations: 03-2263 7434

Beef Steak Prime Le Meridien


Went to Prime on the 12th of February 2019.

I made a dinner reservation via phone a few days earlier.

To my dismay, the previous 50% discount for Maybank card members was reduced to 30%. AND, it wasn’t applicable for Wagyu and Omi beef.

Settled for Black Angus tenderloin and rib-eye instead.

My Experience at PRIME

The purpose of the night was STEAK and nothing else.


Beef Steak Prime Le Meridien

It doesn’t take much for a steakhouse to make me happy; properly cooked prime and better-than-average wine will do the trick.

Prime combines superior food and excellent service and I feel more sophisticated when I sit here.


The total damage was RM353.75.

Dividend magic Prime Le Meridien

Got the 30% discount with Maybank’s American Express card. I use a variety of cards and e-wallets to maximize discounts and cashbacks whenever I spend.

A list of which I’ve compiled hERE for everyone.