Additional withdrawals of EPF can make members poor
KOTA BHARU: When it comes to the Employees Provident Fund (EPF), the pertinent question that is hotly debated now is whether or not to allow additional withdrawals. Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz said additional withdrawals could result in the members being poor when they retire. He explained that this was due […]
i-Citra withdrawal not best solution for contributors
BY SITI ALYA NADIAH ISMAIL KUALA LUMPUR: The RM10,000 Employees Provident Fund (EPF) i-Citra withdrawal allowed is not the best solution for contributors adversely affected by the recent floods, says a financial expert. Movement for Monetary Justice Malaysia (MMJ) vice-chairman, Associate Prof Dr Ahmed Razman Abdul Latiff said this withdrawal would only reduce their EPF savings for old […]
New EPF ruling to increase savings
KUALA LUMPUR: All new Employees Provident Fund (EPF) contributions of members who had made withdrawals will be credited into Account 1 until the total amount withdrawn had been replenished, said Deputy Finance Minister Mohd Shahar Abdullah. Only after that will 70 percent of the contributions be credited to Account 1 and 30 percent to Account 2, […]
EPF i-Citra withdrawal application starts July 12
KUALA LUMPUR: Members of the Employees Provident Fund (EPF) below the age of 55 may apply for the i-Citra withdrawal facility starting Monday (July 12, 2021) via icitra.kwsp.gov.my, three days earlier than scheduled. In a statement today, the retirement fund said to ease the online-only application process, members must ensure that their mobile phone number […]
EPF withdrawal, loan moratorium huge help for M40 group
KUALA LUMPUR: The RM150 billion National People’s Well-Being and Economic Recovery Package (Pemulih) is seen to be a boon for many, especially for the M40 income group. Among other things, the government’s latest economic stimulus package entails the continuation of the Employees Provident Fund (EPF) withdrawal facilities and loan moratorium, which means a lot for […]
EPF introduces i-Citra withdrawal facility to help affected members
KUALA LUMPUR: Employees Provident Fund’s (EPF) i-Citra, the latest withdrawal facility to help its members tide over the impact of the movement control order (MCO) in the short term, will open its application starting July 15, 2021. In a statement, the EPF said members can begin applying for the facility on the i-Citra online portal […]
