EPF is expected to announce its latest dividend payout rate in the third week of February.
Everyone who works in Malaysia is required to open an employee provident fund account (KWSP). Every year, the EPF will pay out dividends to its members based on the amount they have deposited. The financial market turmoil in the last year, both domestically and in emerging countries, has affected the dividend payout to a greater or lesser extent.
In the past year, the government launched 3 withdrawal schemes, namely i-Lestari, i-Sinar and i-Citra, involving a total withdrawal amount of RM101.1 billion. The withdrawal schemes allow members to solve their short-term cash flow problems, but also lead to poverty after retirement.
Finance Minister Tunku Zafrul revealed that more than 50% or 6 million members of the Provident Fund Board have less than RM10,000 and 3.6 million members have less than RM1,000. As many members are running out of CPF savings, the CPF dividend payout rate will be in focus this year.
In the past 68 years, the highest interest paid by the Employees Provident Fund Board (KWSP) was in 1983 – 1987, which is a dividend payout of 8.50%. The lowest payout years were 1952 – 1959, with a payout rate of 2.50%.
Here you will find the dividend payout rate of the Provident Fund Board from 1952 to 2020.
