KUALA LUMPUR, April 25 — The Employees Provident Fund (EPF) much-talked-about Account 3, known as Akaun Fleksibel was announced today and EPF’s 16.07 million members are free...
‘Pu’er’ at Pohutukawa: How a sanctuary in Section 17, PJ exudes both cool Kiwi and warm Taiwanese café vibes
The EPF said starting May 11, 2024, all EPF members under the age of 55 will have their accounts restructured into three accounts, namely Akaun Persaraan, Akaun Sejahtera and Akaun Fleksibel. For all those who opt in, allocation into the new accounts will be as follows: 75 per cent into Akaun Persaraan, 15 per cent into Akaun Sejahtera and 10 per cent into Akaun Fleksibel.Previously, EPF members’ savings would be credited into Account 1 and Account 2, where 70 per cent of their contributions would go into Account 1, and 30 per cent into Account 2.
He said if every EPF member decides to opt in, the total fund that would be moved to Account Fleksibel will amount to RM57 billion, of which about RM25 billion is expected to be withdrawn in the first year.The setting up of the new account will not have an impact on the provident fund’s portfolio, he said.“The current scenario is much different from during the pandemic and our portfolio is now much bigger.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
EPF announces Account Restructuring Initiative, members to have Flexible Account from May 11KUALA LUMPUR: The Employee Provident Fund (EPF) today announced the EPF Account Restructuring Initiative, which will take effect on May 11, with the i...
Read more »
Assemblymen urge state to ‘bury’ proposed PJD Link projectPETALING JAYA: A restructuring exercise by the Employees' Provident Fund (EPF) will see the EPF Account 1 being renamed as Account Persaraan (Retirement Account), Account 2 as Account Sejahtera and the formation of the new Account 3 or the flexible account, say sources.
Read more »
Man, 75, who sexually abused daughter, granddaughter jailed 21 yearsKUALA LUMPUR: The Employees Provident Fund (EPF) has released a revised list of unit trust funds that qualify under the EPF Members Investment Scheme (EPF MIS) effective April 1, 2024.
Read more »
Gold controversy: Man pleads not guilty to 'misusing' gold residue for own useKUALA LUMPUR: The Employees Provident Fund (EPF) has released a revised list of unit trust funds that qualify under the EPF Members Investment Scheme (EPF MIS) effective April 1, 2024.
Read more »
Youth jailed over four years, 12 whippings for robbing convenience storeKUALA LUMPUR: The Employees Provident Fund (EPF) has released a revised list of unit trust funds that qualify under the EPF Members Investment Scheme (EPF MIS) effective April 1, 2024.
Read more »
Card payments in Malaysia to hit RM387bil this year, says data firmKUALA LUMPUR: The Employees Provident Fund (EPF) has released a revised list of unit trust funds that qualify under the EPF Members Investment Scheme (EPF MIS) effective April 1, 2024.
Read more »