Related Topics: | HRM Advice | EPF |


When can member made withdrawals from EPF?

 

EPF members are entitled to withdraw the full amount of contributions:

 

-    upon the death of the member;

-    on attaining the age of 55 years;

 

-          if the member is prevented from engaging in any further employment by reasons of physical or metal incapacitation;

 

-    for those expatriate foreign workers who have contributed and are subsequently not required to contribute;

 

-    partial withdrawal of EPF contributions for children’s tertiary education;

 

-    on leaving Malaysia permanently (for non-Malaysian citizens not residing in the Republic of Singapore);

 

-    under Account 2 for the purchase or construction of a residential house or for purposes of reducing a housing mortgage on satisfying the prescribed conditions;

 

-     under Account 3, to meet medical treatment costs; and

 

-      investment in approved unit trust funds

 

Members below the age of 55 years with more than RM50,000 in Account 1 will be allowed to invest up to 20% of the excess in a approved funds.


I want help                                                         FreeAdvice


Please contact Alvin For Advertising & Sponsorship Information

FINMART FreeAdvice® is the leading business advisory site for business people doing business in Malaysia. It provides advice relating to most common business problems and to help business people to understand the way how business should be properly conducted, but is not a substitute for personal business advice from the respective professional and experts. You are welcome to view FINMART FreeAdvice® for your own personal, non-commercial purposes, and subject to our legal disclaimer and conditions of use.

©2000 FINMART. All rights reserved. Legal Disclaimer