EPF Members' Investment Scheme
Retirement Planning
A couple of simple decisions now can mean the difference between a modest or comfortable retirement lifestyle.
On average, Malaysians are now living longer. This means that planning ahead for your retirement goals & lifestyle is becoming more important than ever. This also means having to look beyond your EPF savings to meet your desired lifestyle & needs at retirement.
Take control of your EPF savings…
AmBank has a range of investment instruments, giving you the tools & opportunities to maximize your Employees Provident Fund (EPF) savings.
Let us work with you in creating tailored investment strategies best suited to your circumstances – based on your retirement goals, risk profile & your current financial circumstances.
Purpose & Benefits
EPF members with excess funds in their Account 1 (at least RM5,000 more than the Basic Savings required amount) can invest part of this savings through external fund managers appointed by EPF.
Basic Savings is a pre-determined savings amount in your Account 1 based on your age bracket - to enable you to achieve a minimum savings amount of at least RM120,000.00 when you are 55 years old. This saving may not be withdrawn until you are 55 years old.
Withdrawal Eligibility
The amount that you can withdraw is based on the following:
- 20% of excess funds in Account 1 above the Basic Savings required amount by age (Table 1)
- Every 3 months after the last transfer date is made;
- The minimum amount for investment withdrawal is RM1,000.
Table 1- EPF Withdrawal Eligibility Based on Age and Basic Savings in Account 1
Age as at Birth Date
(Years) |
Basic Savings Required
(RM) |
Age
(Years) |
Basic Savings Required
(RM) |
Age
(Years) |
Basic Savings Required
(Years) |
18 |
1,000 |
31 |
20,000 |
44 |
59,000 |
19 |
2,000 |
32 |
22,000 |
45 |
64,000 |
20 |
3,000 |
33 |
24,000 |
46 |
68,000 |
21 |
4,000 |
34 |
26,000 |
47 |
73,000 |
22 |
5,000 |
35 |
29,000 |
48 |
78,000 |
23 |
7,000 |
36 |
32,000 |
49 |
84,000 |
24 |
8,000 |
37 |
34,000 |
50 |
90,000 |
25 |
9,000 |
38 |
37,000 |
51 |
96,000 |
26 |
11,000 |
39 |
41,000 |
52 |
102,000 |
27 |
12,000 |
40 |
44,000 |
53 |
109,000 |
28 |
14,000 |
41 |
48,000 |
54 |
116,000 |
29 |
16,000 |
42 |
51,000 |
55 |
120,000 |
30 |
18,000 |
43 |
55,000 |
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For the latest information regarding EPF's Members Investment scheme, visit the nearest KWSP office or www.kwsp.gov.my
Table 2- Examples for calculating The Eligible Withdrawal Amount
Member |
Age |
Actual Savings In Account 1 (RM) |
Basic Savings Required (RM) |
Computation:
Actual Savings In Account 1- Basic Savings Required x 20% |
Member's Eligibility |
A |
22 |
8,000 |
5,000 |
(8,000 - 5,000) x 20% = RM600 |
Not Qualified - the savings is lesser than required minimum investment amount of RM 1,000. |
B |
30 |
50,000 |
18,000 |
(50,000 - 18,000) x 20% = RM 6,400 |
Qualified - the savings is more than the basic savings and minimum limit. |
C |
40 |
40,000 |
44,000 |
- |
Not Qualified - the savings is lesser than the basic savings required. |
D |
45 |
90,000 |
64,000 |
(90,000 – 64,000) x 20% = RM 5,200 |
Qualified - the savings is more than the basic savings & minimum limit. |
Should you have any enquiry or require additional information regarding EPF's Members Investment scheme, visit the nearest EPF Office or www.kwsp.gov.my
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Let us help you achieve your desired lifestyle at retirement.
Want to Know more?
Consult any of our Personal Bankers or Wealth Specialist.
For more information, visit your nearest AmBank branch or contact AmBank Contact Centre (24 hours) at (603) 2178 8888 .
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