Attention to all fellow Malaysian employees, Employees Provident Fund (EPF) has just declared a dividend rate of 5.65 per cent for the financial year ended 31st DEC 2009, which is 1.15 per cent higher than the 4.5 per cent paid out for year 2008.
Commence from 3rd JAN 2010, the self-employed, a significant category of individuals who have no formal retirement savings scheme, such as farmers, fishermen, taxi drivers, petty traders, freelancers, singers, actors or business owners, can contribute to the EPF 1Malaysia Retirement Savings Scheme. This is announced by the Prime Minister during the tabling of the 2010 Budget in OCT 2009 for helping the self-employed cope with income inadequacy during retirement.
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