EPF

Gain 5% or more annualized returns, interested?

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If you’re wondering if there really is a GUARANTEED or safe return a.k.a zero/low risk, but with reasonably high annualized returns…

Good news! There are a few!!

Here are 3 ways to gain 5% or more annualized returns, with very low to ZERO risk!

  1. Employee Provident Fund (EPF), 5-7%
  2. SSPN-Prime, 4% + RM8000 tax reduction = 10+%
  3. Funding Societies, 4-12%

Employee Provident Fund (EPF)

If you’ve been in the working world, you know what an EPF is.

EPF is a retirement savings fund set up by the government for employees/citizens when they reach retirement age.

EPF has been consistently giving out around 5 – 7% dividends yearly.

The mandatory EPF contribution for employees is 9%.

You may increase your EPF contribution to 11%, you just need to inform your employer and fill out the KWSP form.

(I personally have increased it to 11%), why not? as EPF gives out good dividend yields, and it’s very safe!

The only setback about EPF is that you can only withdraw the money for certain purposes:

  1. When you hit age 50/55/60.
  2. To purchase a house.
  3. Medical payments and equipment.
  4. Education purposes.
  5. If you’re leaving the country.

Read here for more details on EPF withdrawals.

SSPN-Prime

SSPN-Prime is giving around 4% dividends yearly, however, there is also an RM8000 tax reduction!

If you are in a high tax income bracket use this method because of the taxation and you can save up to 10+% annually.

Read my friend Ka Hoe’s in-depth case study on SSPN.

Bonus: The government is giving a matching grant scheme to encourage parents to save for their student’s education.

  • If you deposit RM10, the government will give you RM10.
  • If you deposit RM500, the government will give you RM500.
  • The maximum amount is up to RM500.

Find out more on the news here: https://www.malaysiakini.com/news/473468

You just need to deposit RM20 into the account. 

Click here to open up an SSPN-Prime account:

https://www.ptptn.gov.my/saving/sspnlogin.html

Funding Societies

I’ve always been a property investor/person, however, with the Covid-19 pandemic, viewing properties isn’t as easy as it used to be.

I was looking at alternatives whereby I could make money with just a laptop and wifi.

And I found peer-to-peer lending investments.

In short, I’ve been able to consistently get around 11% per annum with RM0 defaults!

Read my in-depth article on Funding Societies here. 

Click here to start your peer-to-peer investments.

Click here: How to set up guaranteed investment notes auto bot for Funding Societies.