Government permits up to RM10k EPF withdrawal

March 28, 2022 by No Comments

Government permits up to RM10k to be withdrawn from EPF (Employees Provident Fund), says Prime Minister Datuk Seri Ismail Sabri Yaakob. Scroll to continue reading…

The government permits members to withdraw up to RM10k from EPF accounts

The proposal was made around November last year in which Finance Minister, Tengku Datuk Seri Zafrul Abdul Aziz stated in the Dewan Rakyat that those who have been affected by the Covid-19 pandemic and have lost their income or are experiencing a reduction in revenue or business are now eligible to withdraw money from their Account 1 under the i-Sinar facility. – The Star TV

Source: The Star TV

On March 16th, Prime Minister Datuk Seri Ismail Sabri Yaakob confirmed that the government permits up to RM10k EPF to be withdrawn from user accounts.

“Based on the findings of comprehensive studies and research in the recovery phase after this pandemic, there are, among Keluarga Malaysia, those who are still affected by the economy, loss of income, and are rebuilding their lives,” he told media.

“Although the government has given permission for this special EPF withdrawal, I appeal to contributors to maintain their savings unless the situation is really urgent.” said Ismail Sabri. – The Edge Market

Members can apply for withdrawal starting April

The Employees Provident Fund (EPF) has announced that from April 1, 2022, and ending April 30, 2022, members under the age of 55 can apply for the special withdrawal facility and the payment will begin on April 20, 2022.

The announcement on the withdrawal has also been announced and confirmed on Employees Provident Fund official site.

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