*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).
*The EPF will transfer the amount to be invested directly to the relevant FMIs as per your application.
Member | Age | Savings in Account 1 (RM) | New Basic Savings (RM) | Calculation for Investment (30%) | Eligibility |
---|---|---|---|---|---|
A | 22 | 4,000 | 10,000 | - | Member is not eligible, savings in Account 1 is less than the new Basic Savings |
B | 22 | 11,000 | 10,000 | 11,000 – 10,000 x 30% = RM300 | Member is not eligible, minimum eligibility amount is RM1,000 |
C | 25 | 24,000 | 18,000 | 24,000 – 18,000 x 30% = RM1,800 | Member is eligible, minimum eligibility amount is RM1,000 and maximum amount is RM1,800 |
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.
Age | Basic Savings (RM) |
---|---|
18 | 2,000 |
19 | 4,000 |
20 | 6,000 |
21 | 8,000 |
22 | 10,000 |
23 | 13,000 |
24 | 15,000 |
25 | 18,000 |
26 | 21,000 |
27 | 24,000 |
28 | 27,000 |
29 | 31,000 |
30 | 35,000 |
31 | 39,000 |
32 | 43,000 |
33 | 47,000 |
34 | 52,000 |
35 | 57,000 |
36 | 62,000 |
Age | Basic Savings (RM) |
---|---|
37 | 68,000 |
38 | 74,000 |
39 | 80,000 |
40 | 86,000 |
41 | 93,000 |
42 | 101,000 |
43 | 108,000 |
44 | 116,000 |
45 | 125,000 |
46 | 134,000 |
47 | 144,000 |
48 | 154,000 |
49 | 164,000 |
50 | 175,000 |
51 | 187,000 |
52 | 199,000 |
53 | 212,000 |
54 | 226,000 |
55 | 240,000 |
Institution | BIPD Code & Funds |
---|---|
Affin Hwang Asset Management Berhad Chief Executive Officer: Compliance Officer: Tel: 03 - 2116 6000 |
IPD055 List Of Funds |
Amanah Saham Nasional Berhad Chief Executive Officer: Compliance Officer: Tel: 03 - 7730 8899 |
IPD035 List Of Funds |
Amanah Saham Sarawak Chief Executive Officer: Compliance Officer: Tel: 082 - 231 433 |
IPD004 List Of Funds |
Amara Investment Management Sdn Bhd Chief Executive Officer: Compliance Officer: Tel: 03 - 2162 5688 |
IPD050 |
AmFunds Management Bhd Chief Executive Officer: Compliance Officer: Tel: 03 - 2032 2888 |
IPD019 List Of Funds |
Apex Investment Services Bhd Chief Executive Officer: Compliance Officer: Tel: 03 - 2095 9999 |
IPD033 List Of Funds |
Principal Asset Management Bhd Chief Executive Officer: Compliance Officer: Tel: 03 - 2084 8888 |
IPD034 List Of Funds |
Eastspring Investments Bhd Level 22, Menara Prudential, Chief Executive Officer: Compliance Officer: Tel: 03 - 2052 3388 |
IPD046 List Of Funds |
Hong Leong Asset Management Bhd Chief Executive Officer: Compliance Officer: Tel: 03 - 2081 8600 |
IPD009 List Of Funds |
KAF Investment Funds Bhd Executive Director/Chief Executive Officer: Compliance Officer: Tel: 03 - 2171 0559 |
IPD052 List Of Funds |
Kenanga Investors Bhd Managing Director/Chief Executive Officer: Compliance Officer: Tel: 03 - 2172 3000 |
IPD056 List Of Funds |
Manulife Investment Management (M) Berhad Chief Executive Officer: Compliance Officer: Tel: 03 - 2719 9228 |
IPD057 List Of Funds |
Maybank Asset Management Sdn Bhd Chief Executive Officer: Compliance Officer: Tel: 03 - 2297 7888 |
IPD001 List Of Funds |
MIDF Amanah Asset Management Bhd Acting Chief Executive Officer: Compliance Officer: Tel: 03 - 2173 8888 |
IPD012 List Of Funds |
BOS Wealth Management Malaysia Berhad Chief Executive Officer/Executive Director: Compliance Officer: Tel: 03 - 7712 3000 |
IPD022 List Of Funds |
Pheim Unit Trusts Bhd Chief Executive Officer: Compliance Officer: Tel: 03 - 2142 8888 |
IPD053 List Of Funds |
Phillip Capital Management Sdn Bhd Executive Chairman: Compliance Officer: Tel: 03 - 2142 8888 |
IPD028 |
PMB Investment Bhd Chief Executive Officer: Compliance Officer: Tel: 03 - 4145 3800 |
IPD020 List Of Funds |
Public Mutual Bhd Chief Executive Officer: Compliance Officer: Tel: 03 - 2022 6800 |
IPD003 List Of Funds |
RHB Asset Management Sdn Bhd Chief Executive Officer: Compliance Officer: Tel: 03 - 9205 8000 |
IPD026 List Of Funds |
TA Investment Management Bhd Chief Executive Officer: Acting Compliance Officer: Tel: 03 - 2031 6603 |
IPD014 List Of Funds |
RHB Islamic International Asset Management Berhad Level 8, Tower 2 & 3, Chief Executive Officer: Compliance Officer: Tel: 03 - 9205 8002 |
IPD058 List Of Funds |
*The EPF reserves the rights to request any additional documents and to reject any incomplete applications or those that do not comply with the terms and conditions.
(complete with name, designation and official stamp except for copies of documents which require certification by an EPF officer)
AUTHORISED PERSONS