fbpx

EPF introduces flexible account to allow withdrawal

epf-introduces-flexible-account-to-allow-withdrawal

THE Employees Provident Fund (EPF) will restructure its members’ accounts, effective May 11, to include a third account called “Akaun Fleksibel” to allow contributors under the age of 55 to withdraw their savings for their short-term financial needs.

Savings in the third account can be withdrawn anytime.