Govt pledges easier EPF withdrawals as RM24 billion approved for 3 million
The EPF will provide an advance payment of up to RM1,000 for each eligible applicant under the i-Sinar Category 2.
8 million people can now withdraw from EPF under i-Sinar programme
All Malaysians will be allowed to make withdrawals from Account 1 of their EPF.
Short-term gain might be long-term pain, experts warn on EPF withdrawals
They say contributors, especially those from the lower income group, may have trouble replacing funds withdrawn now to buffer the effects of the Covid-19 pandemic.
Govt to study proposal for EPF Account 1 withdrawals
PM says he has discussed the issue with the finance ministry.
Pandemic will end but so will EPF savings
Some 15 million EPF depositors may face the spectre of insufficient retirement funds if withdrawals from Account 1 are allowed.
Alternatives to withdrawing from EPF Account 1
EPF savings are created for the future.
