Last updated : 07 Dec 2019    

age55-60

Upon reaching age 55, our members officially enter retirement age. After years of growing your retirement savings, you now have the choice of how you want to manage your retirement funds, either to make a full withdrawal or flexible withdrawal.

Age 60

About Age 55 Withdrawal

Upon reaching age 55, the contributions made to your Account 1 and Account 2 will be consolidated into Account 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to continue working after the age of 55, all further contributions you make will be credited in your Akaun Emas, to be withdrawn only upon reaching age 60.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

Requirements

Requirements

Malaysians & Non-Malaysians

Requirements

Aged between 55 and before reaching the age of 60

Requirements

Have savings in Akaun 55

Categories

  • Full withdrawal
  • Combination of Partial & Monthly Payment Withdrawal
  • Partial Withdrawal
  • Automatic Dividend Payment
  • Monthly Payment Withdrawal

What You Can Withdraw

WITHDRAWAL ELIGIBILITY MALAYSIAN NON-MALAYSIAN
Became A Member Prior to 1 August 1998  Became A Member On/After 1 August 1998
Entire savings from your Akaun 55 Registered before 1 Aug 1998 Registered on/after 1 Aug 1998
Partial Withdrawal
(no min. withdrawal)
Registered before 1 Aug 1998 Registered on/after 1 Aug 1998
Monthly Payment Withdrawal
(Min. RM100/month or RM1,200/year for at least 12 months or until age 100)
Registered before 1 Aug 1998 Registered on/after 1 Aug 1998
Combination of Partial & Monthly Payment Withdrawal Registered before 1 Aug 1998 Registered on/after 1 Aug 1998
Yearly Dividend Payment Withdrawal (lump sum)
Lump sum based on previous year’s savings
Registered before 1 Aug 1998 Registered on/after 1 Aug 1998
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)
Registered before 1 Aug 1998 Registered on/after 1 Aug 1998

Age 55 Years (Investment)

  • Application can be made anytime
  • Minimum transferred amount is RM 1,000.00 
  • Required to retain minimum of RM1,000.00 in Akaun 55 

Note: Application through i-Akaun (Member). Transfer of withdrawal amount from Akaun 55 is only allowed to the appointed FMIs.

What You Need

With MyKad

  • MyKad
  • Birth Certification/Identify Verication Letter by the National Resgistration Department - if the date of birth stated on your identification card differs from actual date of birth
  • Savings account statement/Current account statement/Verification letter of account holder's details from Bank/Account holder's details

*Members are not required to fill in the form, just place a thumbprint on 'Notis Pengesahan Permohonan Pengeluaran' as proof of withdrawal application.


Without MyKad

  • Birth Certificate/Identity Verification Letter by the National Registration Department - if the date of birth stated on your identification card differs from actual date of birth
  • Copy of identification documents with original for verification
  • Passport, Certification of Citizenship & other identification documents – for former Malaysian Citizens that were EPF members before 1 August 1995 who are unable to produce an identification card
  • Savings account statement/Current account statement/Verification letter of account holder's details from Bank/Account holder's details
 

About Age 60 Withdrawal

This withdrawal is an extension of the Age 55 Withdrawal, and caters for those who have opted for later retirement and continue working after 55 years old. At age 60, all the savings accumulated in Akaun 55 and Akaun Emas will be consolidated for withdrawal. You have an option to make a lump sum or partial withdrawal at any time to fund 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

Requirements

Requirements

Malaysians & Non-Malaysians

Requirements

Aged 60 years and above

Requirements

Have savings with the EPF

Categories

  • Full withdrawal
  • Combination of Partial & Monthly Payment Withdrawal
  • Partial Withdrawal
  • Automatic Dividend Payment
  • Monthly Payment Withdrawal

What You Can Withdraw

WITHDRAWAL ELIGIBILITY MALAYSIAN NON-MALAYSIAN
Became A Member Prior to 1 August 1998 Became A Member On/After 1 August 1998
Entire savings from your Akaun 55 Registered before 1 Aug 1998 Registered on/after 1 Aug 1998
Entire savings from your Akaun Emas Registered before 1 Aug 1998 Registered on/after 1 Aug 1998
Partial Withdrawal
(no min. withdrawal)
Registered before 1 Aug 1998 Registered on/after 1 Aug 1998
Monthly Payment Withdrawal
(Min. RM100/month or RM1,200/year for at least 12 months or until age 100)
Registered before 1 Aug 1998 Registered on/after 1 Aug 1998
Combination of Partial & Monthly Payment Withdrawal Registered before 1 Aug 1998 Registered on/after 1 Aug 1998
Yearly Dividend Payment Withdrawal
Lump sum based on previous year's savings
Registered before 1 Aug 1998 Registered on/after 1 Aug 1998
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
Registered before 1 Aug 1998 Registered on/after 1 Aug 1998
Age 55 Years (Investment) 
•    Application can be made anytime.
•    Minimum transferred amount is RM1,000.00. 
•    Required to retain minimum of RM1,000.00 in Akaun 55 (if any)/Akaun Emas.

Note: Application through i-Akaun (Member). Transfer of withdrawal amount from Akaun 55 (if any)/Akaun Emas is only allowed to the appointed FMIs.
 

What You Need

With MyKad

  • MyKad
  • Birth Certificate/Identity Verification Letter by the National Registration Department - if the date of birth on identification card differs from actual date of birth
  • Savings account statement/Current account statement/Verification letter of account holder's details from Bank/Account holder's details

*Members are not required to fill in the form, just put a thumbprint on 'Notis Pengesahan Permohonan Pengeluaran' as proof of withdrawal application. 


Without MyKad

  • Birth Certificate/Identity Verification Letter by the National Registration Department - if the date of birth stated on your identification card differs from actual date of birth
  • Copy of identification documents with original for verification
  • Passport, Certification of Citizenship & other identification documents – for former Malaysian Citizens that were EPF members before 1 August 1995 who are unable to produce an identification card
  • Savings account statement/Current account statement/Verification letter of account holder's details from Bank/Account holder's details
  •   PAYMENT METHODS
    Local Payments Overseas Payments
    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 no. matches the bank records
    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
    You will be issued a Bankers Cheque
    If payment to your account is unsuccessful
    Full payment will be made via Foreign Demand Draft in US Dollars
    If your preferred currency is not available on our approved list
    Payment for Age 55 Years (Investment) will be credited to FMI  
  •   IMPORTANT REMINDER

    1. 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)

    AUTHORISED PERSONS

    2. Double check your panel banks

    Refer to the list of EPF panel banks for direct crediting of payment into member’s account savings/current account.

    EPF PANEL BANKS

    3. Submit to EPF

    Send your completed submissions at your nearest EPF Counter or mail it to the EPF.

    FIND EPF NEAR YOU
    POST TO EPF

    4. Need more information?

    Refer to our product brochure for additional information.

    DOWNLOAD AGE 55 BROCHURE
    DOWNLOAD AGE 60 BROCHURE
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