{"id":182723,"date":"2025-10-01T14:31:17","date_gmt":"2025-10-01T14:31:17","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/182723\/"},"modified":"2025-10-01T14:31:17","modified_gmt":"2025-10-01T14:31:17","slug":"how-just-rm6-85-a-day-can-grow-your-epf-savings-under-i-saraan-even-if-youre-a-student-or-housewife","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/182723\/","title":{"rendered":"How just RM6.85 a day can grow your EPF savings under i-Saraan \u2014 even if you\u2019re a student or housewife"},"content":{"rendered":"<p class=\"mb-4 text-lg md:leading-8 break-words\">KUALA LUMPUR, Sept 30 \u2014 Imagine putting aside just RM6.85 every day into the Employees Provident Fund\u2019s (EPF) i-Saraan scheme, and watching it grow over 10 years.<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">Just RM6.85 a day \u2014 that\u2019s RM208\u00a0a month, RM2,500 a year.<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">After 10 years, you wouldn\u2019t just have RM25,000 safely stored away \u2014 the money would also have earned you dividends from EPF, with compounded growth too.<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">Plus, the Malaysian government would be giving you money as well, simply for saving under i-Saraan.<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">Show me the numbers\u00a0<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">In illustrating the benefits of i-Saraan, EPF\u2019s Relationship &amp; Advisory (RA) adviser Mogana Murugan @ Arujunan gave a hypothetical example.<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">Under this hypothetical scenario, by saving RM2,500 every year into i-Saraan (a total of RM25,000 over 10 years), you could end up with an estimated RM39,000 at the end of the 10 years.<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">\u201cSo, how it works? Okay, you can see this example that we do for you. It\u2019s at RM6.85 per day, voluntary contribution. So for a year, it will accumulate to RM2,500.<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">\u201cRM2,500, plus with RM500 from the government, plus with five per cent EPF dividend. So in 10 years, you use RM25,000, but the money will grow to RM39,000 \u2014 there\u2019s a difference of RM14,000,\u201d she said during a talk at the Malaysian Bar\u2019s recent MyBar Carnival.<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">In other words, RM39,000 = RM25,000 (from money you put in) + RM5,000 (government\u2019s maximum i-Saraan lifetime incentive) + RM9,000 (in hypothetical annual EPF dividend with compounded growth).<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">But do note this example is only for illustration purposes, based on the scenario where you do not withdraw money from EPF before your retirement.<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">The RM5,000 is the maximum lifetime incentive amount that the government will put into your EPF savings to match your i-Saraan contribution.<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">(You can get a maximum incentive of RM500 per year if you save at least RM2,500 annually under i-Saraan. But remember, the maximum you will get your entire life, or before you hit 60, is RM5,000.)<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">The illustration is also based on the hypothetical assumption of a five per cent annual EPF dividend for all 10 years.<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">The actual total amount at the end of 10 years will depend on the EPF dividend rate each year.<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">While Malaysia\u2019s laws only guarantee a minimum 2.5 per cent <a href=\"https:\/\/www.kwsp.gov.my\/en\/others\/resource-centre\/dividend\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:dividend;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">dividend<\/a> from EPF every year, EPF has consistently delivered a higher dividend rate than that for more than 60 years.<\/p>\n<p><img alt=\"You can even help your child start their EPF savings journey from as early as age 14. The age limit for i-Saraan is 60 years old. EPF\u2019s Relationship &amp; Advisory (RA) adviser Mogana Murugan at the MyBar Carnival. \u2014 Picture by Ida Lim\" loading=\"lazy\" width=\"960\" height=\"540\" decoding=\"async\" data-nimg=\"1\" class=\"rounded-lg\" style=\"color:transparent\" src=\"https:\/\/www.newsbeep.com\/ca\/wp-content\/uploads\/2025\/10\/aa4b294167837f66361cf13d3d72769a.jpeg\"\/><\/p>\n<p>You can even help your child start their EPF savings journey from as early as age 14. The age limit for i-Saraan is 60 years old. EPF\u2019s Relationship &amp; Advisory (RA) adviser Mogana Murugan at the MyBar Carnival. \u2014 Picture by Ida Lim<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">You can even help your child start their EPF savings journey from as early as age 14. The age limit for i-Saraan is 60 years old. EPF\u2019s Relationship &amp; Advisory (RA) adviser Mogana Murugan at the MyBar Carnival. \u2014 Picture by Ida Lim<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">Who is i-Saraan for?\u00a0<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">Mogana said i-Saraan is meant for those who are:<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">self-employed (those who do not have an employer but are their own boss);<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">those without fixed income (think: gig workers, informal workers);<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">Just register with EPF to join i-Saraan.<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">The i-Saraan scheme is only for those aged 14 to 60. (You must be at least aged 14 to have EPF savings.)<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">\u201cIf you have kids (aged) 14 years and above, you can register them as an EPF member. You can start savings for them,\u201d she said, adding that putting in RM25,000 under i-Saraan would create a financial base for them by the time they turn 25.<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">As for housewives without an active income, their husbands can top-up their i-Saraan savings as a sign of appreciation and to empower them, she said.<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">How much do you need to contribute to i-Saraan?\u00a0<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">It is a voluntary contribution, so it is \u201cvery flexible\u201d, Mogana said.<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">So you can put in any amount: As little as RM1, and as much as RM100,000 per year.<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">For more information on i-Saraan, visit this page on EPF\u2019s <a href=\"https:\/\/www.kwsp.gov.my\/en\/member\/savings\/i-saraan\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:website;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">website<\/a>.<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">Recommended reading:<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"KUALA LUMPUR, Sept 30 \u2014 Imagine putting aside just RM6.85 every day into the Employees Provident Fund\u2019s (EPF)&hellip;\n","protected":false},"author":2,"featured_media":182724,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[45,49,48,28516,133,92157,92156,131,132],"class_list":{"0":"post-182723","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-personal-finance","8":"tag-business","9":"tag-ca","10":"tag-canada","11":"tag-epf","12":"tag-finance","13":"tag-hypothetical-scenario","14":"tag-mogana-murugan","15":"tag-personal-finance","16":"tag-personalfinance"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/182723","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=182723"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/182723\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/182724"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=182723"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=182723"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=182723"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}