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EPF revises minimum target savings

KUALA LUMPUR: The Em­plo­yees Provident Fund (EPF) will revise upwards the Basic Savings quantum – the minimum target savings that its members should have when they reach 55 – from RM196,800 to RM228,000 effective Jan 1 next year.

EPF sets RM196,800 as minimum savings at age 55 starting January

KUALA LUMPUR: The Employees Provident Fund (EPF) has reminded its members on the new quantum Basic Savings set at RM196,800 as the minimum amount that must be in their EPF account by the time they reach the age of 55, effective next month.

EPF raises Basic Savings quantum

PETALING JAYA: The Employees Provident Fund (EPF) has increased its Basic Savings quantum to RM240,000 effective Jan 1, 2019.

Many happy with EPF’s Syariah-compliant retirement savings scheme proposal

MANY Muslims in Ipoh are lauding the Employees Provident Fund (EPF) for coming up with the idea to introduce Syariah-compliant retirement savings to its members as a way to improve its current scheme.

SSPN savings for children’s education

PETALING JAYA: The National Higher Education Fund Corporation (PTPTN) launched the SSPN Savings Week to encourage more parents and other groups in the community to save for their children's education.

Ahmad Husni: More EPF savings for retirees ‘to have a good life’

KUALA LUMPUR: The Employees Provident Fund (EPF) is set to raise the savings threshold of contributors to RM228,000 next year to ensure retirees ‘have a good life’ when Malaysia becomes an ageing population.

AmBank’s MSS to bring about savings of RM80mil a year

PETALING JAYA: AMMB Holdings Bhd’s mutual separation scheme (MSS) exercise is expected to be bring about savings of around RM80mil per year from financial year ending March 31, 2019 (FY19) onwards.

Top Glove: Bonds will result in RM80mil savings

PETALING JAYA: Top Glove Corp Bhd, which has issued US$200mil (about RM814.10mil) exchangeable bonds, expects to see up to RM80mil in savings over five years.

How to increase your savings at every birthday or increment

THE Expresso Factor is simply the Latte Factor on steroids! Every birthday or every time you get a pay increment, increase the savings you put aside into your special Latte Account by 5%. So instead of saving RM300 monthly, you will now be saving RM315 monthly after a year. Repeat this every year diligently.

Are insurance savings plans all they claim to be?

A FEW weeks ago, Mr Tan, a regular client, came by the office. He was excited about a new investment he had made, in an insurance savings plan.