Investment Plan

There were several ways of investment plan that can suits your needs :

(1) Single Sum Investment

• Only Cheques accepted - payable to CIMB Wealth Advisors

(2) Autodebit with the following banks :

• Maybank (MBB)
• Bank Simpanan
• CIMB Bank BhdCIMB
• Credit Card
  
• EON
• RHB

(3) KWSP Investment Scheme

• In November 1996, KWSP provided greater flexibility for its members by allowing them to invest a part of their savings in approved financial institutions.
• The direct impact of this move is to provide members with more control over their savings giving the members a more active role in the investment of their own savings.

Method for investing in KWSP Scheme :
All in investment are to be made directly with CIMB Ealth Advisors.

The required Documents:

1. Statement of amount that can be invested
2. KWSP 9F AHL Form
3. Photostat sopy of Identity Card
4. Fund Application Form

Who is eligible???

• Balance in ACC 1 with KWSP is above required amount based on investor's age (refer chart 1)
• Have not reached the age of 55
• Eligible members are only allowed to invest not less than RM1000 but not more that 20% of any surplus bove required amount based on the invested age. (refer calculations given)
  

Chart 1

>>Click image to have a large view<<

HOW TO COMPUTE :

Example 1:

Current Date: 1 Jan 2008 (ALB)
Member’s DOB: 1 September 1980 (Actual Age: 27 years 3 months old)
Balance in Account 1: RM20,000
***Refer to Basic Savings of Account 1 : Age 27

Savings in Acc 1 :RM20,000
(-) Basic Savings :RM12,000
Excess Amount :RM 8,000

Member can invest : RM8,000 x 20% = RM1,600

Example 2 :

Current Date: 1 Jan 2008 (ANB)
Member’s DOB: 1 April 1980 (Actual Age: 27 years 9 months old)
Balance in Account 1:RM20,000
***Refer to Basic Savings of Account 1 : Age 28

Savings in Acc 1 :RM20,000
(-) Basic Savings :RM14,000
Excess Amount :RM 6,000

Member can invest : RM6,000 x 20% = RM1,200

Example 3 :

Current Date: 1 Feb 2008 (ALB)
Member’s DOB: 1 December 1970 (Actual Age: 38 years 2 months old)
Balance in Account 1:RM60,000
***Refer to Basic Savings of Account 1 : Age 38

Savings in Acc 1 :RM60,000
(-) Basic Savings :RM37,000
Excess Amount :RM23,000

Member can invest : RM23,000 x 20% = RM4,600

Question & Answer :

How often can you withdraw?
Ans : Every 3 months (based on disbursement date from KWSP)

Can you invest in any Unit Trust?
Ans : No. You can only invest in Unit Trust that are approved by KWSP.


For more information; Contact me:

Anis Adilla Normuhayat
CIMB Wealth Advisor
Lo : 00024933
0177266672 / 0136285253
anisadilla@gmail.com
www.cimb-wealthadvisors.com