You have the option and flexibility to diversify your retirement portfolio and enhance your retirement savings through the Members Investment Scheme (MIS). Under this scheme, members who have sufficient savings can transfer part of the funds in your Account 1 for investments via the appointed Fund Management Institutions (FMIs), including Unit Trust Management Companies and Asset Management Companies.
Effective 1 May 2020, EPF members investing under Members Investment Scheme (MIS) will be entitled to a reduction of upfront fees charged by Fund Management Institutions (FMIs) for a period of 12 months ending 30 April 2021. No upfront fees will be imposed by FMI for investments transacted through i-Invest via EPF i-Akaun, while for investments made through agents, the upfront fee will be reduced from a maximum of 3% to a maximum of 1.5%.
Who Can Apply
Malaysians, OR Permanent Residents (PR) OR Non-Malaysians (registered as EPF Members before 1 August 1998)
Below 55 years of age
Have sufficient savings with the EPF
Application via counter/FMI's agent or i-Akaun (Member)
*Malaysians who made a Leaving the Country Withdrawal before 1 August 1995 and opted to recontribute are also eligible.
*Members aged 55 years and abve, have the option to invest part of the saving in Akaun by making Age 55/60 Withdrawal (Investment). This withdrawal is not part of the Members Investment Scheme. Applications for such withdrawal, can be made through i-Akaun (Member). (Please refer to Age 55/60 Withdrawal Brochure).
What You Can Invest
*The EPF will transfer the amount to be invested directly to the relevant FMIs as per your application.
Member is not eligible, savings in Account 1 is less than the new Basic Savings
11,000 – 10,000 x 30% = RM300
Member is not eligible, minimum eligibility amount is RM1,000
24,000 – 18,000 x 30% = RM1,800
Member is eligible, minimum eligibility amount is RM1,000 and maximum amount is RM1,800
The importance of Basic Savings
Basic Savings is a pre-determined amount set according to age in Account 1 to enable members achieve a minimum savings of RM240,000 when they reach age 55. The implementation of the Basic Savings is to ensure that members have sufficient savings at a minimum amount of RM1,000 per month when they retire in order to support their basic retirement needs for 20 years from age 55 to 75, in line with Malaysians' life expectancy.
The amount in excess of the Basic Savings can be invested in appointed Fund Management Institutions. The latest revision in this quantum has been implemented starting 1 January 2019.
All investments must be made through the appointed FMIs/related IUTA.
Application must be submitted via the FMI`s agent/i-Akaun (Member).
Applications cannot be revoked once submitted.
Application can be made at any time in various unit trust funds / various FMIs appointed by the depending on investment eligibility amount.
Investment eligibility amount will be updated every 3 months.
Member are not allowed to make additional investments using their own funds.
All investment risks are assumed by members. Members are encouraged to fully understand the documents on fund published by FMIs prior to making any investment decision.
Amount invested under this scheme is not entitled to EPF’s annual dividend.
Amount transferred to FMIs is not subjected to member’s EPF nomination.
Members below 55 years, in the event of liquidation of investments or delisting of FMIs, FMIs are required to return the invested amount including any profits to the EPF.
The EPF will release control of the amount invested in the FMI when a member reaches age 55 or has made a full withdrawal through Leaving Country/ Incapitation/ Pensionable Employees/Death Withdrawal.Any investment transaction made is between the member and the FMIs.
Members who are opted for Simpanan Shariah are only allowed to invest in Shariah compliant unit trust products listed by the EPF.
No service charge will be imposed by the EPF. However,it may be imposed by the FMIs/IUTA for the investment made.