11% or 8%?
I came across this
articlewhat do you think about the recent government's decision to give options for EPF contributors to reduced their mandatory 11% contribution to the “voluntary” 8%??
adakah anda hendak bersenang2 dahulu bersusah2 kemudian or bersusah2 dahulu bersenang2 kemudian?
I would rather choose bersenang2 dahulu dan bersenang2 juga kemudian.. huahua..
my say on this
1) if your current pay is not enough for you to have a living, then you have to work extra to earn more... you got no choice.. cutting off your savings for your retirement will not solve the problem..
2) if you are now comfortable with your current pay.. then you have 2 options
a) if you are the kind of person who dont know where else to save or to invest, then let the EPF contribution be 11%.
b) if you know how to get more return, use the balance to invest some place else.
easy? maybe not as easy...