Hmm...you do the calculation...FD giving 3% return while EPF posted a slightly lower dividend for the year 2008 at 4.5%. My advise to everyone out there is that if you don't really need the money, don't ever withdraw money from your EPF!!! Putting your money there is still considered an investment ...at a lower risk and not so bad return :)The Employees Provident Fund (EPF) Board on Monday announced a lower dividend rate of 4.5 percent for 2008 citing the worldwide economic crisis as the reason.
EPF declared a 5.8 percent dividend for 2007.
Despite the financial meltdown, EPF recorded its highest ever earnings of RM20 bil in gross income for 2008 which represented an increase of 9.36 percent over the previous year’s gross income of RM18.29 bil.
“While the year 2008 was challenging due to the unprecedented global financial crisis that had impacted economies worldwide, EPF’s investment portfolio for the year performed better at the gross income level compared to 2007.
“However due to the sharp decline in the equity markets, a large provision had to be made resulting in marked reduction in net income,” EPF chairman Tan Sri Samsudin Osman said in a statement on Monday.
Equities remained as one of the major contributors to the EPF’s returns in 2008, representing 34.82 percent of EPF’s total gross investment income.
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