Introducing..... I-Saraan

Recently I came across this initiative by EPF (KWSP), called I-Saraan. I found out really good about this initiative. Let's explore how good is it~

1. What
- The program called I-Saraan, in Malay : Caruman Sukarela Insentif Persaraan. It is a self-contribution in EPF.

2. Why
- There are getting more self-employed individuals (Grab, Food Panda, Property/Insurance Agent, Artist/ Actor, etc). This program helps the people to prepare for the retirement.

3. Who
- Everyone can save or deposit voluntary into EPF. However, salaried adults with monthly EPF deduction are not entitled for the extra RM250 'bonus' from the government.
- These people are encourage to participate this I-Saraan : Self-employed adults, government servants who opt for pension scheme and house wives.

4. How
- bring your MyKad and walk into any EPF branch
- more info please refer EPF website

5. Key Benefits
- 15% incentive (maximum RM250 per annum). Let's deposit minimum RM1700 to get this RM250 bonus. For 2018-2022. Perhaps the government will prolong this incentive~ :>
- Death benefit of RM2500
- Earn annual dividend as normal EPF account (around 6% in recent years)

Any question or suggestion? please leave your comment and discuss~