MAXIMISE YOUR EPF SAVINGS!!!
Since November 1996, all eligible Employees Provident Fund (EPF) contributors are allowed to withdraw part of their savings to invest in unit trust through external fund managers appointed by the Ministry of Finance. Furthermore, effective January 2008, EPF enhanced the EPF members' Investment Scheme by introducing Basic Savings concept which enables younger EPF members to participate in the scheme. - source MAAKL Mutual Fund
Age Basic Savings Age Basic Savings
18 1000 37 34000
19 2000 38 37000
20 3000 39 41000
21 4000 40 44000
22 5000 41 48000
23 7000 42 51000
24 8000 43 55000
25 9000 44 59000
26 11000 45 64000
27 12000 46 68000
28 14000 47 73000
29 16000 48 78000
30 18000 49 84000
31 20000 50 90000
32 22000 51 96000
33 24000 52 102000
34 26000 53 109000
35 29000 54 116000
36 32000 55 120000
Eligibility Calculation
Age 25 Basic Savings RM 20000
RM 20,000-RM 9,000 x 20% = RM 2,200.00
so member is eligible to participate RM2,200. The minimum amount of savings that can be invested is RM1,000
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