Hello!
I am currently in the midst of negotiating with a new employer. They will contribute 12% to an EPF fund. My knowledge of EPF funds are limited, but sounds like a 401k retirement fund in the States.
If I can negotiate to have the company not open an EPF, place the 12% that would have gone into my EPF and add to my base salary, am I benefitting or shooting myself in the foot? It seems like an EPF account would save me a lot in regards to taxes, so maybe it is better to have this pretax account rather than a larger post tax salary?
Any advice would be greatly appreciated!
Thx