Tuesday, November 5, 2024
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EPF Withdrawals: The problem of income inequality

6.1 million members having less than RM 10,000 currently in their savings and a staggering 79% of them having less than RM 1,000 left consequently

PM, don’t listen to Finance Minister – Najib

Najib Razak urged PM Ismail Sabri Yaakob to not listen to the advice from Finance Minister, Datuk Datuk Seri Tengku Zafrul Abdul Aziz on EPF's i-Citra withdrawal

i-Citra: I am not the Finance Minister – Najib

Datuk Seri Najib Razak has been blamed by the netizens as the withdrawal limit for i-Citra of the Employees’ Provident Fund (EPF) has not been raised from RM5,000 to RM10,000.

46% EPF contributors have less than RM10,000 in savings

The Employees Provident Fund (EPF) expressed its concern over the retirement security of the people when 46% of its contributors below the age of 55 have less than RM10,000 in their savings.

EPF i-Citra withdrawal up to RM5,000

The Employees Provident Fund (EPF) will be introducing the new i-Citra withdrawal scheme for its contributors who are affected by the Movement Control Order (MCO).

EPF to close throughout total lockdown

The offices and service counters of the Employees Provident Fund (EPF) will be closed throughout the nationwide total lockdown that will begin from 1 until 14 June.

KWAN and KWSP are different

The following article is submitted to the Editorial of Malaysia Gazette by reader, Hafiz Hassan. KWSP is a well-known acronym for Kumpulan Wang Simpanan Pekerja....

EPF members can amend i-Sinar application amount beginning 8 March

The contributors of Employees Provident Fund (EPF) will be given the leniency to make amendments on their application such as the amount requested, banking information, address, phone number and payment mode at the i-Sinar Online website beginning 8 March.

5 working days for new i-Sinar application

The payment for i-Sinar application made before 25 February will be done in stages beginning today.

EPF announces RM47.64 billion dividend despite double crisis

The Employees Provident Fund (EPF) announced 5.2 percent of dividend distribution amounting to RM42.88 billion for Conventional Savings, and 4.9 percent for the Shariah Savings (RM4.76 billion)