Why is this topic relevant to me?
The EPF dividend rate not only represents how much money has been added to our retirement fund but also serves as a guide for our personal financial planning.
The Employees Provident Fund (EPF) recently announced a dividend rate of 6.3% for 2024, the highest since 2018!
Every year, many people eagerly anticipate the EPF dividend rate. However, the announcement is more than just numbers but a key indicator of personal retirement savings, as their retirement is highly dependent on those savings.
Are your current EPF savings sufficient to support your retirement life? Understanding the distribution trends of savings across different age groups, savings range, and ethnic groups through the latest data can help evaluate our financial planning.
Young members’ median savings showing the fastest growth
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