1. What is Malaysia EPF?

The Employees Provident Fund (EPF) is Malaysia's national social security organization that provides retirement benefits for members through management of their savings in an account that earns dividends.

2. How Does the Calculator Work?

The calculator uses the future value formula:

Where:

• \( FV \) — Future value of EPF savings
• \( contributions \) — Monthly contributions × 12 × years
• \( interest \) — Compounded interest earned over time

Explanation: The calculation assumes consistent monthly contributions and a fixed annual dividend rate.

3. Importance of EPF Calculation

Details: Understanding your EPF growth helps in retirement planning and ensuring financial security after employment.

4. Using the Calculator

Tips: Enter your monthly EPF contribution amount, expected annual dividend rate, and investment period in years.

5. Frequently Asked Questions (FAQ)

Q1: What is the current EPF dividend rate?
A: The dividend rate varies annually. Recent rates have been between 5-6% for conventional accounts.

Q2: How often is interest credited to EPF accounts?
A: Dividends are calculated daily and credited annually at the end of each financial year.

Q3: Are EPF contributions mandatory?
A: Yes, for Malaysian employees (11% from employee, 12-13% from employer depending on salary).

Q4: Can I withdraw my EPF before retirement?
A: Partial withdrawals are allowed for specific purposes like housing, education, or medical needs.

Q5: How accurate is this calculator?
A: It provides an estimate. Actual EPF growth may vary due to changing dividend rates and contribution amounts.