Whopping RM13bil in voluntary ‘top-up’ by EPF members last year

Free Malaysia Today

The contributions came from 1.6 million EPF members including 400,000 self-employed and casual workers.  Read More:  https://www.freemalaysiatoday.com/category/nation/2025/02/03/whopping-rm13bil-in-voluntary-top-up-by-epf-members-last-year/  Laporan Lanjut:  https://www.freemalaysiatoday.com/category/bahasa/tempatan/2025/02/03/kwsp-raih-rm13-bilion-caruman-sukarela/  Free Malaysia Today is an independent, bi-lingual news portal with a focus on Malaysian current affairs.    Subscribe to our channel - http://bit.ly/2Qo08ry   ------------------------------------------------------------------------------------------------------------------------------------------------------ Check us out at https://www.freemalaysiatoday.com Follow FMT on Facebook: https://bit.ly/49JJoo5 Follow FMT on Dailymotion: https://bit.ly/2WGITHM Follow FMT on X: https://bit.ly/48zARSW  Follow FMT on Instagram: https://bit.ly/48Cq76h Follow FMT on TikTok : https://bit.ly/3uKuQFp Follow FMT Berita on TikTok: https://bit.ly/48vpnQG  Follow FMT Telegram - https://bit.ly/42VyzMX Follow FMT LinkedIn - https://bit.ly/42YytEb Follow FMT Lifestyle on Instagram: https://bit.ly/42WrsUj Follow FMT on WhatsApp: https://bit.ly/49GMbxW  ------------------------------------------------------------------------------------------------------------------------------------------------------ Download FMT News App: Google Play – http://bit.ly/2YSuV46 App Store – https://apple.co/2HNH7gZ Huawei AppGallery - https://bit.ly/2D2OpNP  #FMTNews #EPF #Contributions

Transcript

00:00The voluntary contribution for savings and top-up scheme for EPF members attracted some

00:0613 billion ringgit last year, which an official says shows the public's confidence in keeping

00:12their money with the statutory body.

00:15Speaking to FMT, the official said over 1.6 million members opted to save their money

00:20in EPF instead of banks, presumably because of the much higher and consistent dividend

00:25rates over the last couple of decades.

00:28The contributions involved 1.2 million members and another 400,000 via the ISARAN scheme,

00:35a voluntary contribution for self-employed persons and casual workers without fixed income.

00:42Contributors under ISARAN will receive a special incentive of 20% up to a maximum of 500 ringgit

00:48from the government for their total voluntary contributions.

00:53The official said 70% of members did not touch their funds in the flexible account, which

00:58allows them to withdraw any amount at any time.

01:01About 3 million members who have reached 55 and are eligible to withdraw their entire

01:06savings are still keeping their money with EPF given the better returns and security,

01:11the official said.

01:13He said this shows that Malaysians are taking their EPF savings seriously, adding that awareness

01:17of the advantages of voluntarily saving with EPF is catching on.

Category

Transcript

Recommended