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?
50% of EPF members opted to reduce their EPF contribution from 11% to 8%.
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.
EPF contributors can now withdraw their savings via e-Pengeluaran to finance their own or their children's education at local higher learning institutions.
All eyes were on EPF in recent months as Malaysians anticipated the 2015’s dividend rate. But what does EPF’s 6.40% dividend for 2015 mean to your savings?
Growing fears of economic and political uncertainty could be behind why an escalating number of Malaysians abroad are opting to cash out on their EPF funds.
The Employees Provident Fund (EPF) is looking to offer members a choice to participate in Shariah-compliant stocks.
Under Budget 2016 revision, Malaysians now have the options of lowering their EPF contributions by 3% or maintaining it at 11%.
Should you opt out of the new EPF contribution rate and stick to 11%? Find out what this means to your finances!
The government has yet to make a decision on whether to allow contributors to use their Employees Provident Fund (EPF) savings to repay credit card debts