EPF dividends and their compounding effect

"... withdrawing EPF dividends as one source of passive income to help partially pay for retirement expenses makes sense,’’ said Manulife Investment Management (M) Bhd licensed financial planner Rajen Devadason.

THE 6.1% dividends declared by the Employees Provident Fund (EPF) for 2021 is a handsome payout after two years of enduring the Covid-19 pandemic.

This is the kind of dividends many hoped for, as it helps grow their EPF savings, which is a good source for retirement planning.