{"id":21841,"date":"2016-02-12T14:59:47","date_gmt":"2016-02-12T06:59:47","guid":{"rendered":"https:\/\/www.imoney.my\/articles\/?p=21841"},"modified":"2019-12-03T10:18:44","modified_gmt":"2019-12-03T02:18:44","slug":"more-malaysians-abroad-are-withdrawing-their-epf-funds","status":"publish","type":"post","link":"https:\/\/www.imoney.my\/articles\/more-malaysians-abroad-are-withdrawing-their-epf-funds","title":{"rendered":"More Malaysians Living Abroad Are Withdrawing Their EPF Funds"},"content":{"rendered":"<p>An increasing number of Malaysians abroad are opting to cash out on their savings with the <a href=\"http:\/\/www.kwsp.gov.my\/portal\/ms\/web\/kwsp\/home\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Employees Provident Fund<\/a> (EPF).<\/p>\n<p>In 2014, a total of 3,098 Malaysians renounced their citizenship and left the country, withdrawing RM303 million from the pension fund.<\/p>\n<p>This figure is a startling 63% spike from 2010, during which only RM185 million was withdrawn by those leaving the country, according to statistics obtained from the EPF website.<\/p>\n<p>Opposition lawmaker Ong Kian Ming told <em>The Malaysian Insider<\/em> that growing fears of economic and political uncertainty, as well as the Ringgit\u2019s continuous decline could be some of the reasons behind the phenomenon.<\/p>\n<p>Ong noted that in the past, many would leave their money in EPF despite living or working abroad, because the pension fund has been offering decent returns.\u00a0However, fears regarding the currency depreciation could have motivated many to make this early withdrawal.<\/p>\n<p>The EPF currently has total investment assets of about RM685 billion.<\/p>\n<p>In February, it announced that it was looking to allocate an estimated RM100 billion to RM120 billion from its investment funds to offer its members a chance to participate in <a href=\"https:\/\/www.imoney.my\/articles\/epf-members-will-have-a-choice-to-invest-in-islamic-stocks\" target=\"_blank\" rel=\"noopener noreferrer\">Shariah-compliant stocks<\/a>.<\/p>\n<p>Deputy CEO (Investment) Datuk Mohamad Nasir Ab Latif\u00a0was also quoted saying that the amount of dividends that will be paid out to members for the year 2015 (due to be announced soon) will be \u201crespectable\u201d, despite the challenging economic climate.<\/p>\n<p>Last year, the pension fund announced a 6.75% dividend payout for 2014, higher than the 6.35% payout it had declared for 2013.<\/p>\n<p><em>[<\/em><a href=\"http:\/\/www.themalaysianinsider.com\/malaysia\/article\/scandals-weak-ringgit-spurring-malaysians-abroad-to-cash-out-epf-funds#sthash.EN4VMrQo.dpuf\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"><em>Source<\/em><\/a><em>] <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>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.<\/p>\n","protected":false},"author":34,"featured_media":21843,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[216],"tags":[340],"class_list":["post-21841","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-updates","tag-epf"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>More Malaysians Living Abroad Are Withdrawing Their EPF Funds | iMoney<\/title>\n<meta name=\"description\" content=\"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.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.imoney.my\/articles\/more-malaysians-abroad-are-withdrawing-their-epf-funds\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"More Malaysians Living Abroad Are Withdrawing Their EPF Funds\" \/>\n<meta property=\"og:description\" content=\"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.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.imoney.my\/articles\/more-malaysians-abroad-are-withdrawing-their-epf-funds\" \/>\n<meta property=\"og:site_name\" content=\"iMoney Malaysia\" \/>\n<meta property=\"article:published_time\" content=\"2016-02-12T06:59:47+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-12-03T02:18:44+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.imoney.my\/articles\/wp-content\/uploads\/2016\/02\/epfwithdrawal1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"350\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Fiona Ho\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Fiona Ho\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.imoney.my\\\/articles\\\/more-malaysians-abroad-are-withdrawing-their-epf-funds#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.imoney.my\\\/articles\\\/more-malaysians-abroad-are-withdrawing-their-epf-funds\"},\"author\":{\"name\":\"Fiona Ho\",\"@id\":\"https:\\\/\\\/www.imoney.my\\\/articles\\\/#\\\/schema\\\/person\\\/1592c99f7b5bcf3b63b35be6d4f94645\"},\"headline\":\"More Malaysians Living Abroad Are Withdrawing Their EPF Funds\",\"datePublished\":\"2016-02-12T06:59:47+00:00\",\"dateModified\":\"2019-12-03T02:18:44+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.imoney.my\\\/articles\\\/more-malaysians-abroad-are-withdrawing-their-epf-funds\"},\"wordCount\":253,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.imoney.my\\\/articles\\\/more-malaysians-abroad-are-withdrawing-their-epf-funds#primaryimage\"},\"thumbnailUrl\":\"\\\/articles\\\/wp-content\\\/uploads\\\/2016\\\/02\\\/epfwithdrawal1.jpg\",\"keywords\":[\"EPF\"],\"articleSection\":[\"News Updates\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.imoney.my\\\/articles\\\/more-malaysians-abroad-are-withdrawing-their-epf-funds#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.imoney.my\\\/articles\\\/more-malaysians-abroad-are-withdrawing-their-epf-funds\",\"url\":\"https:\\\/\\\/www.imoney.my\\\/articles\\\/more-malaysians-abroad-are-withdrawing-their-epf-funds\",\"name\":\"More Malaysians Living Abroad Are Withdrawing Their EPF Funds | iMoney\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.imoney.my\\\/articles\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.imoney.my\\\/articles\\\/more-malaysians-abroad-are-withdrawing-their-epf-funds#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.imoney.my\\\/articles\\\/more-malaysians-abroad-are-withdrawing-their-epf-funds#primaryimage\"},\"thumbnailUrl\":\"\\\/articles\\\/wp-content\\\/uploads\\\/2016\\\/02\\\/epfwithdrawal1.jpg\",\"datePublished\":\"2016-02-12T06:59:47+00:00\",\"dateModified\":\"2019-12-03T02:18:44+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.imoney.my\\\/articles\\\/#\\\/schema\\\/person\\\/1592c99f7b5bcf3b63b35be6d4f94645\"},\"description\":\"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.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.imoney.my\\\/articles\\\/more-malaysians-abroad-are-withdrawing-their-epf-funds#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.imoney.my\\\/articles\\\/more-malaysians-abroad-are-withdrawing-their-epf-funds\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.imoney.my\\\/articles\\\/more-malaysians-abroad-are-withdrawing-their-epf-funds#primaryimage\",\"url\":\"\\\/articles\\\/wp-content\\\/uploads\\\/2016\\\/02\\\/epfwithdrawal1.jpg\",\"contentUrl\":\"\\\/articles\\\/wp-content\\\/uploads\\\/2016\\\/02\\\/epfwithdrawal1.jpg\",\"width\":800,\"height\":350},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.imoney.my\\\/articles\\\/more-malaysians-abroad-are-withdrawing-their-epf-funds#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.imoney.my\\\/articles\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"News Updates\",\"item\":\"https:\\\/\\\/www.imoney.my\\\/articles\\\/category\\\/news-updates\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"More Malaysians Living Abroad Are Withdrawing Their EPF Funds\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.imoney.my\\\/articles\\\/#website\",\"url\":\"https:\\\/\\\/www.imoney.my\\\/articles\\\/\",\"name\":\"iMoney Malaysia\",\"description\":\"Everything you need to know about improving your personal finances.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.imoney.my\\\/articles\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.imoney.my\\\/articles\\\/#\\\/schema\\\/person\\\/1592c99f7b5bcf3b63b35be6d4f94645\",\"name\":\"Fiona Ho\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/596bcd90dd34f1a00ca4bd908ae1fcb4b29460d65db2c4e8e5087f09d2224eb8?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/596bcd90dd34f1a00ca4bd908ae1fcb4b29460d65db2c4e8e5087f09d2224eb8?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/596bcd90dd34f1a00ca4bd908ae1fcb4b29460d65db2c4e8e5087f09d2224eb8?s=96&d=mm&r=g\",\"caption\":\"Fiona Ho\"},\"url\":\"https:\\\/\\\/www.imoney.my\\\/articles\\\/author\\\/fionaho\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"More Malaysians Living Abroad Are Withdrawing Their EPF Funds | iMoney","description":"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.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.imoney.my\/articles\/more-malaysians-abroad-are-withdrawing-their-epf-funds","og_locale":"en_US","og_type":"article","og_title":"More Malaysians Living Abroad Are Withdrawing Their EPF Funds","og_description":"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.","og_url":"https:\/\/www.imoney.my\/articles\/more-malaysians-abroad-are-withdrawing-their-epf-funds","og_site_name":"iMoney Malaysia","article_published_time":"2016-02-12T06:59:47+00:00","article_modified_time":"2019-12-03T02:18:44+00:00","og_image":[{"width":800,"height":350,"url":"https:\/\/static.imoney.my\/articles\/wp-content\/uploads\/2016\/02\/epfwithdrawal1.jpg","type":"image\/jpeg"}],"author":"Fiona Ho","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Fiona Ho","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.imoney.my\/articles\/more-malaysians-abroad-are-withdrawing-their-epf-funds#article","isPartOf":{"@id":"https:\/\/www.imoney.my\/articles\/more-malaysians-abroad-are-withdrawing-their-epf-funds"},"author":{"name":"Fiona Ho","@id":"https:\/\/www.imoney.my\/articles\/#\/schema\/person\/1592c99f7b5bcf3b63b35be6d4f94645"},"headline":"More Malaysians Living Abroad Are Withdrawing Their EPF Funds","datePublished":"2016-02-12T06:59:47+00:00","dateModified":"2019-12-03T02:18:44+00:00","mainEntityOfPage":{"@id":"https:\/\/www.imoney.my\/articles\/more-malaysians-abroad-are-withdrawing-their-epf-funds"},"wordCount":253,"commentCount":0,"image":{"@id":"https:\/\/www.imoney.my\/articles\/more-malaysians-abroad-are-withdrawing-their-epf-funds#primaryimage"},"thumbnailUrl":"\/articles\/wp-content\/uploads\/2016\/02\/epfwithdrawal1.jpg","keywords":["EPF"],"articleSection":["News Updates"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.imoney.my\/articles\/more-malaysians-abroad-are-withdrawing-their-epf-funds#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.imoney.my\/articles\/more-malaysians-abroad-are-withdrawing-their-epf-funds","url":"https:\/\/www.imoney.my\/articles\/more-malaysians-abroad-are-withdrawing-their-epf-funds","name":"More Malaysians Living Abroad Are Withdrawing Their EPF Funds | iMoney","isPartOf":{"@id":"https:\/\/www.imoney.my\/articles\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.imoney.my\/articles\/more-malaysians-abroad-are-withdrawing-their-epf-funds#primaryimage"},"image":{"@id":"https:\/\/www.imoney.my\/articles\/more-malaysians-abroad-are-withdrawing-their-epf-funds#primaryimage"},"thumbnailUrl":"\/articles\/wp-content\/uploads\/2016\/02\/epfwithdrawal1.jpg","datePublished":"2016-02-12T06:59:47+00:00","dateModified":"2019-12-03T02:18:44+00:00","author":{"@id":"https:\/\/www.imoney.my\/articles\/#\/schema\/person\/1592c99f7b5bcf3b63b35be6d4f94645"},"description":"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.","breadcrumb":{"@id":"https:\/\/www.imoney.my\/articles\/more-malaysians-abroad-are-withdrawing-their-epf-funds#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.imoney.my\/articles\/more-malaysians-abroad-are-withdrawing-their-epf-funds"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.imoney.my\/articles\/more-malaysians-abroad-are-withdrawing-their-epf-funds#primaryimage","url":"\/articles\/wp-content\/uploads\/2016\/02\/epfwithdrawal1.jpg","contentUrl":"\/articles\/wp-content\/uploads\/2016\/02\/epfwithdrawal1.jpg","width":800,"height":350},{"@type":"BreadcrumbList","@id":"https:\/\/www.imoney.my\/articles\/more-malaysians-abroad-are-withdrawing-their-epf-funds#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.imoney.my\/articles\/"},{"@type":"ListItem","position":2,"name":"News Updates","item":"https:\/\/www.imoney.my\/articles\/category\/news-updates"},{"@type":"ListItem","position":3,"name":"More Malaysians Living Abroad Are Withdrawing Their EPF Funds"}]},{"@type":"WebSite","@id":"https:\/\/www.imoney.my\/articles\/#website","url":"https:\/\/www.imoney.my\/articles\/","name":"iMoney Malaysia","description":"Everything you need to know about improving your personal finances.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.imoney.my\/articles\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.imoney.my\/articles\/#\/schema\/person\/1592c99f7b5bcf3b63b35be6d4f94645","name":"Fiona Ho","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/596bcd90dd34f1a00ca4bd908ae1fcb4b29460d65db2c4e8e5087f09d2224eb8?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/596bcd90dd34f1a00ca4bd908ae1fcb4b29460d65db2c4e8e5087f09d2224eb8?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/596bcd90dd34f1a00ca4bd908ae1fcb4b29460d65db2c4e8e5087f09d2224eb8?s=96&d=mm&r=g","caption":"Fiona Ho"},"url":"https:\/\/www.imoney.my\/articles\/author\/fionaho"}]}},"_links":{"self":[{"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/posts\/21841","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/comments?post=21841"}],"version-history":[{"count":8,"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/posts\/21841\/revisions"}],"predecessor-version":[{"id":41530,"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/posts\/21841\/revisions\/41530"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/media\/21843"}],"wp:attachment":[{"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/media?parent=21841"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/categories?post=21841"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/tags?post=21841"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}