PETALING JAYA: Close to RM7 billion had been withdrawn from the flexible third EPF account as of June 10, the Dewan Rakyat was told.

Kuala Lumpur: A total of 3.45 million or 26.6 per cent of Employees’ Provident Fund (EPF) members under the age of 55, have opted to transfer RM10.86 billion from their Sejahtera Account (Account 2) to the Flexible Account (Account 3) as of June 10, according to the Ministry of Finance (MoF).

Kuala Lumpur: The Employees Provident Fund’s (EPF) panel of external fund managers delivered commendable results in 2023 with a record total income of about 22 per cent of the overall income despite facing uncertain and challenging markets.

Kota Kinabalu: Retail businesses in Sabah can expect a boost with thousands of Sabah Employees Provident Fund members thronging EPF offices statewide since Monday to activate their new Akaun Fleksibel (Flexible Account).  .

PETALING JAYA: For a majority of Malaysians, their account in the Employees Provident Fund contains the only savings they have for after retirement.

PETALING JAYA: The EPF is set to undergo significant restructuring, reorganising its members’ existing two accounts into three to include the addition of the much anticipated flexible account.

PETALING JAYA:  The EPF has rubbished a viral message claiming that a member’s entire nomination will be voided if they nominate more than one person as their beneficiary and one of them dies.

PETALING JAYA: The Employees Provident Fund (EPF) has clarified the distribution of dividends and the disparity of the payout between its conventional and shariah-compliant savings.

SHAH ALAM: The median savings of Bumiputera members aged below 55 in the Employees Provident Fund (EPF) have increased to RM8,254 in the financial year ending December 2023 (FY2023) from RM4,900 in FY2022 due to withdrawals during the Covid-19 pandemic.

Kuala Lumpur: The Employees Provident Fund (EPF) board today announced a dividend rate of 5.5% for conventional savings and 5.4% for shariah accounts, bringing the total payout amount for 2023 to RM57.8 billion, EPF chairman Ahmad Badri Zahir said.