Age 55 & 60 Withdrawal
When you reach the age of 55, you officially enter your retirement age. After years of accumulating retirement savings, you have the option to either make a full withdrawal or a flexible withdrawal.
About Age 55 Withdrawal
Upon reaching age 55, the contributions made to your Akaun Persaraan, Akaun Sejahtera and Akaun Fleksibel will be consolidated into Akaun 55. You can withdraw all or part of the savings from this account at any time. Should you choose to continue working after the age of 55, all further contributions you make will be credited in your Akaun Emas, to be withdrawn only upon reaching age 60.Pensionable Employees In Government Services
Before applying for this withdrawal, please be advised to ensure that the governments share has been returned to the Retirement Fund through your early government share calculation (Pre-PEN) application. This is to ensure that the government share has been returned to Retirement Fund (Incorporated) (KWAP) for gratuity and pension purposes.
For applicants aged 55 can apply for this withdrawal and Pre-PEN simultaneously. You may then withdraw the balance available in Akaun 55 and Akaun Emas after the return of the government share.
Who Can Apply
Who Can Apply
Categories
- Full withdrawal
- Partial withdrawal
- Monthly payment withdrawal
- Combination of partial & monthly payment withdrawal
- Automatic dividend payment
- Payment withdrawal to the appointed FMIs
What You Can Withdraw
| Withdrawal Eligibility | Malaysian | Non-Malaysian (Become A Member Before 1 August 1998) | Non-Malaysian (Become A Member On/ After 1 August 1998) |
|---|---|---|---|
|
Entire Savings From Your Akaun 55
|
02/03/11 00:00 AM
✓
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✓
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✓
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Partial Withdrawal
(No min. withdrawal) |
✓
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✓
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✕
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Monthly Payment Withdrawal
(Min. RM100/ month or RM1,200/ year for at least 12 months or until age 100) Note: Payments will be credited on the 25th of each month. If the 25th falls on Saturday, Sunday or public holiday, the payment will be credited on the next business day. |
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✓
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✕
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Combination of Partial & Monthly Payment Withdrawal
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✓
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✓
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✕
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Yearly Dividend Payment Withdrawal (lump sum)
Lump sum based on previous year’s savings |
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✓
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✕
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Monthly Dividend Payment Withdrawal
Minimum withdrawal is RM600 (RM100 per month for at least 6 months). The minimum payment period is 6 months and maximum up to 12 months). |
✓
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✓
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✕
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Age 55 Years Withdrawal (Investment)
Note: Application through i-Akaun (Member). Transfer of withdrawal amount from Akaun 55 is only allowed to the appointed FMIs.
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✓
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A paragraph is a self-contained unit of a discourse in writing dealing with a particular point or idea. Paragraphs are usually an expected part of formal writing, used to organize longer prose.
What You Need
With Mykad
A paragraph is a self-contained unit of a discourse in writing dealing with a particular point or idea. Paragraphs are usually an expected part of formal writing, used to organize longer prose.
A paragraph is a self-contained unit of a discourse in writing dealing with a particular point or idea. Paragraphs are usually an expected part of formal writing, used to organize longer prose.
A paragraph is a self-contained unit of a discourse in writing dealing with a particular point or idea. Paragraphs are usually an expected part of formal writing, used to organize longer prose.
A paragraph is a self-contained unit of a discourse in writing dealing with a particular point or idea. Paragraphs are usually an expected part of formal writing, used to organize longer prose.
| Withdrawal Eligibility | Malaysian | Non-Malaysian (Became A Member Prior to 1 August 1998) | heading |
|---|---|---|---|
| content | content | content | content |
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Requirements
Note: Members who have reached the age of 60 are advised to make a Full Withdrawal at Age 60.
Additional documents required for Malaysian and Non-Malaysian Members
The required supporting documents may vary for Malaysian and Non-Malaysian Members. So, it's crucial to get all your documents right to pave your way to smoother applications.
Proof of Identity is needed when:
Proof of Identity is needed when:
- If passport number does not match EPF records
Copy of old passport used when EPF account was registered - If original passport is not with the applicant
Temporary travel permit from the Embassy of applicant’s country in Malaysia - If member’s particulars are incomplete or mismatched in EPF records
Letter Confirming the Identification of Applicant from employer*
OR
Letter Confirming the Identification of Applicant from applicant's embassy
OR
Verification Form of Member's Contribution** from employer - Marriage certificate/Birth certificate/relevant supporting documents
If members' particulars in passport differs from EPF records
Who Can Apply
About Age 60 Withdrawal
This withdrawal is an extension of the Age 55 withdrawal, intended for those opting for later retirement and continuing to work after turning 55. At age 60, all savings in Akaun 55 and Akaun Emas will be consolidated for withdrawal. You can choose to make a lump sum or partial withdrawal anytime to support your retirement.Pensionable Employees In Government Services
Before applying for this withdrawal, please be advised to ensure that the governments share has been returned to the Retirement Fund (Incorporated) (KWAP) through early government share calculation (Pre-PEN) application. This is to ensure that the government share has been returned to Retirement Fund (Incorporated) (KWAP) for gratuity and pension purposes.
For applicants aged 60 can apply for this withdrawal and Pre-PEN simultaneously. You may then withdraw the balance available in Akaun 55 and Akaun Emas after the return of the government share.
Who Can Apply
Who Can Apply
Categories
- Full withdrawal
- Partial withdrawal
- Monthly payment withdrawal
- Combination of partial & monthly payment withdrawal
- Automatic dividend payment
- Payment withdrawal to the appointed FMIs
What You Can Withdraw
| Withdrawal Eligibility | Malaysian | Non-Malaysian (Become A Member to 1 August 1998) | Non-Malaysian (Become A Member On/After 1 August 1998) |
|---|---|---|---|
|
Entire savings from your Akaun 55
|
✓
|
✓
|
✓
|
|
Entire savings from your Akaun Emas
|
✓
|
✓
|
✓
|
|
Partial Withdrawal
(no min. withdrawal) |
✓
|
✓
|
✕
|
|
Monthly Payment Withdrawal
(Min. RM100/month or RM1,200/year for at least 12 months or until age 100)
Note: Payments will be credited on the 25th of each month. If the 25th falls on Saturday, Sunday or public holiday, the payment will be credited on the next business day. |
✓
|
✓
|
✕
|
|
Combination of Partial & Monthly Payment Withdrawal
|
✓
|
✓
|
✕
|
|
Yearly Dividend Payment Withdrawal
Lump sum based on previous year's savings |
✓
|
✓
|
✕
|
|
Monthly Dividend Payment Withdrawal
Minimum withdrawal is RM600 (RM100 per month for at least 6 months). The minimum payment period is 6 months and maximum up to 12 months. |
✓
|
✓
|
✕
|
|
Age 60 Years (Investment)
Note : Application through i-Akaun (Member) . Transfer of withdrawal amount from Akaun Emas/Akaun 55 is only allowed to the appointed FMIs.
|
✓
|
✓
|
✕
|
Additional documents required for Malaysian and Non-Malaysian Members
The required supporting documents may vary for Malaysian and Non-Malaysian Members. So, it's crucial to get all your documents right to pave your way to smoother applications.
Proof of Identity is needed when:
Proof of Identity is needed when:
- If passport number does not match EPF records
Copy of old passport used when EPF account was registered - If original passport is not with the applicant
Temporary travel permit from the Embassy of applicant’s country in Malaysia - If member’s particulars are incomplete or mismatched in EPF records
Letter Confirming the Identification of Applicant from employer*
OR
Letter Confirming the Identification of Applicant from applicant's embassy
OR
Verification Form of Member's Contribution** from employer - Marriage certificate/Birth certificate/relevant supporting documents
If members' particulars in passport differs from EPF records
What You Need To Know
Additional Information
Payment Methods
- Local Payments
a. Full payment in Ringgit Malaysia (RM) will be credited to your account
If you hold an active account with our panel bank and your identification number matches the bank records.
b. You will be issued a Bankers Cheque
If payment to your bank account is unsuccessful.
- Overseas Payments
a. Full payment will be made via Foreign Demand Draft in the currency of your choice
If your preferred currency is included in our list of approved currencies.
b. Full payment will be made via Foreign Demand Draft in US Dollars
If your preferred currency is not available on our approved list.
Important Reminder
- Certify your documents
Ensure ALL copies of documents have been certified and acknowledged by the authorised persons.
(complete with name, designation and official stamp except for copies of documents which require certification by an EPF officer) - Double check your panel banks
Refer to the list of EPF panel banks for direct crediting of payment into member’s account. - Submit to EPF
Send your completed submissions at your nearest EPF Counter or mail it to the EPF.Post to EPF:
JABATAN PENGURUSAN TRANSAKSI
Menara KWSP
No.1 Persiaran Kwasa Utama,
Kwasa Damansara, Seksyen U4,
40150 Shah Alam,
Selangor. - Need more information?
Refer to our product brochure for additional information.
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