PETALING JAYA: The Employees Provident Fund (EPF) has launched Account 3 with members given a one-time opt-in option to transfer funds from their Account 2 to the newly launched "Akaun Fleksibel".
PETALING JAYA: Employees Provident Fund (EPF) members can make withdrawals of a minimum amount of RM50 from Account 3 or "Akaun Fleksibel" at any time for any purpose.
PETALING JAYA: While some contributors laud the EPF's initiative for Account 3 to allow them the flexibility to withdraw funds, others are determined not to touch their savings.
WITH the announcement that the Employees Provident Fund (EPF) will be introducing the new Account 3 on May 11, there has been some confusion if and when contributors can withdraw from it.
KUALA LUMPUR: As of January, 94,827 or about 35% of the 274,715 Employees Provident Fund (EPF) members aged 54 have less than RM10,000 in their savings.