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Member's Investment Withdrawal Eligibility

Effective 1 November 2007, EPF under its Beyond Savings strategic initiative has

introduced various enhancements to members benefit structure in stages. Theseenhancements are in accordance to the EPF Act 1991 (Amendment 2007) . One of the

enhancements is the introduction of the basic savings concept that will be used to

determine the minimum sum a member is allowed to withdraw from Account 1 forInvestment Withdrawal.

Definition of Basic Savings

Basic Savings is an amount to be put aside in Account 1 progressively at various pre-determined age levels to enable a member to accumulate a minimum savings of

RM120,000 at age 55.

A member needs to have a basic savings amount at the predetermined age levels. Amountin excess of the basic savings can be invested in products offered by external fund

managers approved by the Ministry of Finance.

Conditions For Investment Withdrawal

Effective 1 February 2008, members can invest not more than 20% of their creditin excess of Basic Savings in Account 1 in products through approved external

fund managers.

The minimum amount of savings that can be withdrawn is RM 1,000 and can be

made at intervals of three months from the date of the last transfer, subject to theavailability of the Basic Savings required in Account 1.

There are no other changes in conditions for the Members Investment

Withdrawal.

Please refer to the Appendix for the Basic Savings Table and examples of

allowable withdrawal for the Members Investment Withdrawal.

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Required Basic Savings In Account 1

Age(Years)

Basic Savings(RM)

Age(Years)

Basic Saving(RM)

18 1,000 37 34,000

19 2,000 38 37,000

20 3,000 39 41,000

21 4,000 40 44,000

22 5,000 41 48,000

23 7,000 42 51,000

24 8,000 43 55,000

25 9,000 44 59,000

26 11,000 45 64,000

27 12,000 46 68,000

28 14,000 47 73,000

29 16,000 48 78,000

30 18,000 49 84,000

31 20,000 50 90,000

32 22,000 51 96,000

33 24,000 52 102,000

34 26,000 53 109,000

35 29,000 54 116,000

36 32,000 55 120,000

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Some Examples To Compute The Allowable Investment Amount

Member Age

Savings In

Account 1(RM)

Basic

Savings(RM)

Computation: Savings

In Account 1- BasicSavings x 20%

Member's Eligibility

A 22 4,000 5,000 -

Not qualified as the savings

is lesser than the basic

savings required.

B 22 8,000 5,000(8,000 - 5,000) x 20% =

RM600

Not qualified as the savingsis lesser than required

minimum investment

amount of RM 1,000.

C 25 20,000 9,000

(20,000 - 9,000) x 20%

= RM2,200

Qualified as the savings is

more than the basic savingsand minimum limit.

D 40 40,000 44,000 -

Not qualified as the savings

is lesser than the basicsavings required.

E 45 100,000 64,000(100,000 - 64,000) x

20% = RM7,200

Qualified as the savings is

more than the basic savings

and minimum limit.

Enquiry

It is important for you to furnish your full current address in EPF Forms when submittingyour applications. Should there be any change to the given address after you made your

submission, you must notify the nearest EPF office immediately. Again, this would avoid

unnecessary delays in processing your application.

If you have any enquiries or require further information about investment withdrawals,please contact:

Nearest EPF office

EPF Call Management Centre at 03-8922 6000

Please quote your EPF number or your Identification Card number and the type of

withdrawal that you have applied for when you contact the EPF. You may also visitEPFs website to obtain further information about EPF withdrawals.

Download form: KWSP 9N (AHL) - Application for Investment Withdrawal [PDF:

94.73kb]

http://www.kwsp.gov.my/index.php?ch=p2members&pg=en_p2members_wdrawtype&lang=enhttp://%20addcounter%28%27index.php/?hdl=bin&rp=293%27,%27wdw_form_savinginvest%27,%271%27);http://www.kwsp.gov.my/index.php?ch=p2members&pg=en_p2members_wdrawtype&lang=enhttp://%20addcounter%28%27index.php/?hdl=bin&rp=293%27,%27wdw_form_savinginvest%27,%271%27);