Merry Christmas and Happy New Year

Wishing all a Merry Xmas and a Happy New Year

Wedding Preparations I

Its less than 9 months away and no preparations made yet. Should the panic button be hit? Nahhh.. plenty of time left what... Everything will be JIT, if Toyota can do it, so can I!

On that note, if there are anybody out there with wine contacts, please drop me an email.

Thanks.

Quote of the month

"The future is not written now, it is written along the way" - Me

EPF Withdrawal Procedure

A follow up to an entry written earlier. Beginning 2008, EPF will be implementing a new scheme for people withdrawing money from their Account II to pay for home.

Below are the procedures taken from their website.

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EPF Announces Details For Housing Loan Monthly Installment Withdrawal

The Employees Provident Fund (EPF) has announced today the details for the housing loan monthly installment withdrawal as mentioned in earlier press statement made on 7 September.

Under this withdrawal, which will take effect from 1 January 2008, members with a minimum balance of RM600 in their Account 2 can withdraw their savings to make monthly payments towards their housing loans.

The minimum monthly withdrawal is RM100 for a period of not less than six months whilst the maximum amount for monthly withdrawal should not exceed the total monthly housing instalment.

The savings in Account 2 allocated for this withdrawal cannot be used for other withdrawals.

Meanwhile, members must also be below the age of 55, and do not have any housing loan arrears.

This monthly housing withdrawal which was announced in the 2008 Budget by the Prime Minister on 7 September allows members to withdraw their savings from Account 2 and payment will be made directly to members’ personal bank accounts on a monthly basis.

Currently, members are allowed to withdraw from their Account 2 for the purpose of building or purchasing a house and settling their housing loan.

The conditions for this withdrawal are as follows:

- Members must either be the purchaser or builder and the borrower as well as owner of the house or shop house with a dwelling unit.
- Members should have an existing housing loan from an approved financial institution.
- The house has been mortgaged and fully disbursed by the financial institution.
- Withdrawals are applicable for any houses subject to one house for each member and it is not limited to the same house from previous withdrawals. However, subsequent withdrawals are only allowed for the same house.
- Other forms of refinancing besides housing are not allowed for this withdrawal.

Members intending to withdraw for the first time are required to complete EPF 9P (AHL) Form and provide certified true copies of their Identity Card with either their bank books or account statements which are still active, confirmation letter on balance of housing loan, Sales & Purchase/House Construction Agreement, housing loan approval letter, Mortgage Form and Title Deed or Deed of Assignment.

For subsequent withdrawals, members need only complete the EPF 9P (AHL) Form and submit copies of their Identity Card together with their bank books or account statements which are still active, and also the latest confirmation letter on balance of housing loan.

The EPF will revoke this monthly instalment withdrawal and members will not be eligible to apply for a similar withdrawal in the future in the event of the following:

- Members have a non-performing loan with a financial institution.
- Loans have been revoked/redeemed.
- The house has been sold/auctioned/transferred to another party.

- Members who are convicted of cheating by submitting fraudulent documents / information for this withdrawal.

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Dear drivers...

If the road has three lanes, two for cars going straight and one for cars turning left / right, please use the lane used to turn left / right and not from the middle lane. It is still wrong even though you have signal left / right.

Please be considerate and not road hog.

Thank you.

Bitching

Sitting down alone eating my lunch, I hear and observe my surroundings. I noticed a general trend amongst all people. They tend to bitch, complain, talk about everybody else. As if, they are always doing good/right and people to blame are the rest of the world but myself.

My Eyes!! My Eyes!!

I have been blinded by my own ads, click on the 'Happy' ads and you will understand what I mean. What's with the bright colours and cartoon-ish website?

p/s Hope they dont pull their ads off my blog :P

"Blank"

Thats the state of my mind for the past few weeks...