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EPF Savings

In addition to investing in unit trust by cash or through a regular savings plan, you can also invest using EPF Members’ Investment Scheme. The EPF will process a request to transfer an amount from a member’s Account 1 to approved unit trusts funds if :-

1. The Account 1 balance is not less than the required basic savings, details of which are enclosed in the table 1 as prescribed by the EPF for respective age of the EPF members.

Table 1 - Basic Savings Amount in Account 1

    Age (Year)    

 

 

 

    Basic Savings(RM)    

 

BEFORE

1st January 2014

 

 

    Basic Savings(RM)    

 

EFFECTIVE from

1st January 2014

 

    Difference (%)    

 

 

18 1,000   1,000   0
19 2,000  2,000  0
20 3,000  4,000 33.3
21 4,000   5,000 25.0
22 5,000   7,000 40.0
23 7,000   9,000 28.6
24 8,000  11,000  37.5
25 9,000 13,000 44.4
26 11,000  15,000  36.4
27 12,000  18,000  50.0 
28 14,000 21,000  50.0 
29 16,000 24,000   50.0 
30 18,000  27,000  50.0 
31 20,000  30,000  50.0
32 22,000   34,000  54.5
33 24,000  37,000  54.2
34 26,000   41,000   57.7 
35 29,000   46,000   58.6
36 32,000  50,000  56.2
37 34,000   54,000   58.8 
38 37,000   59,000  59.5
39 41,000  64,000  56.1
40 44,000  69,000  56.8
41  48,000   76,000  58.3
42  51,000  81,000  58.8
43 55,000   88,000  60.0
44 59,000   95,000  61.0
45 64,000  102,000  59.4
46 68,000  109,000  60.3
47 73,000  117,000  60.3
48  78,000   125,000  60.3
49 84,000  134,000  59.5
50 90,000  143,000  58.9
51 96,000  153,000  59.4
52 102,000  163,000  59.8
53 109,000   174,000  59.6 
54 116,000  185,000  59.5
55 120,000  196,800  64.0
       

 

 

2. The member is less than 55 years old

3. An account in the approved Unit Trust Scheme has been opened into which the transfer can be processed

4. No transfer has been made in the previous three (3) months from the EPF Members’ Investment Scheme

Transfers under the EPF Scheme is made at an intervals of three (3) months from the date of the lasttransfer, subject to the availability of the required balance in Account 1.

 

5. The amount to be transferred is not more than 20% of the Account 1 balance remaining after deducting the required amount of basic savings prescribed by the EPF (subject to minimum of RM1,000)

 

Source: www.fimm.com.my

 

 

 

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