EPF

What’s the Deal with EPF’s Akaun Emas?

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The way EPF handles your monthly monetary contributions is about to change. Previously, both you and your employer (if any) funnel those contributions to EPF, who then splits that amount 70:30 respectively into Account 1 and Account 2. Account 1 stood for the amount that you cannot withdraw no matter what until you’re 55 or permanently incapacitated; Account 2 can ...

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EPF (Employees Provident Fund) – Frequently Asked Questions

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What is EPF? EPF stands for Employees Provident Fund, or KWSP (Kumpulan Wang Simpanan Pekerja) in Malay, and it is Malaysia’s compulsory savings plan and retirement plan created under Employees Provident Fund Act 1991 (Act 452). Who Becomes an EPF member? Any employee working in the private sector, as well as those working in the public sector as a non-pensionable ...

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