The Finance Ministry is mooting a larger Account 2 for members of the Employees Provident Fund to help them finance their first home. Find out how this makes a difference.
The Employees Provident Fund (EPF) has increased the minimum savings of its members at age 55 from RM196,800 to RM228,000. How does it really impact you?
Malaysians can turn to PRS as an avenue in supplementing retirement income post-employment.
50% of EPF members opted to reduce their EPF contribution from 11% to 8%.
An alarming number of Malaysian workers are not covered by any retirement scheme due to a lack of a comprehensive social protection system.
Financial planning for your old age is more than just saving enough for retirement. It should also take into account two factors that could throw your retirement completely off: mental decline that comes with age.
Malaysians looking forward to higher dividend payouts by the EPF this year would likely be disappointed as global and domestic markets continued to be roiled by volatility.
Watching an aging parent or loved one deteriorate physical or mental is never easy. Provide comfort and security to your loved ones with these 6 apps.
One in three Malaysians do not have a savings account and most do not have enough savings to last more than five years post-retirement, said the EPF.
Just because you can't afford the lifestyle of the super-rich doesn't mean you can't invest like them.