KUALA LUMPUR: A total of RM10.78bil has been withdrawn from the Employees Provident Fund (EPF) Account 3 (Flexible Account) by members below 55, states the Finance Ministry. The ministry said in a parliamentary written reply on Monday (Dec 2) that the sum involved 3.86 million or 29.4 per cent of EPF members below 55, as of...
PETALING JAYA: Most Malaysians who opted in for Employees Provident Fund's (EPF) Account 3 withdrew the funds to settle debts and outstanding loans, according to a poll by The Star. The online poll, which was held in the week before the last day of the opt-in on Aug 31, saw 1,300 people responded. Around 288 people (42.11%)...
PETALING JAYA: Members of the public went in droves to Employees Provident Fund (EPF) offices to get more information on or opt in for Account 3 after its introduction. Under a restructuring plan that took effect on May 11, EPF accounts are split from two to three for members aged below 55. A survey by Bernama saw...
KUALA LUMPUR: The Employees' Provident Fund (EPF) is expected to announce the flexible account or Account 3 initiative in April, including the withdrawal mechanism and flexibility for contributors, Finance Minister II Datuk Seri Amir Hamzah Azizan said. He said Account 3 will be explained to contributors after the dividend distribution announcement this Sunday. "They (EPF) will also...
