FAQs

The EPF is a retirement savings scheme in Malaysia that requires both employers and employees to contribute monthly, providing financial security for employees post-retirement.

All Malaysian citizens and permanent residents working in Malaysia must contribute to the EPF. Foreign workers may contribute voluntarily if offered by their employer.

For employees under 60, the contribution rate is 11% from employees and 12–13% from employers, depending on income. Different rates apply for employees over 60.

Yes, partial withdrawals are allowed from Account 2 for specific needs like housing, education, and medical expenses, while Account 1 is mainly for retirement.

The EPF has two accounts: Account 1 (70% of savings) for retirement and Account 2 (30%) for approved early withdrawals.

Full withdrawal is allowed at age 55, with additional options at age 60. Members may also withdraw all or part of their savings upon permanent disability or for certain other conditions. [...]

Members with sufficient savings in Account 1 can invest a portion in approved funds to potentially grow their retirement savings.

No, EPF withdrawals are tax-exempt, making it a tax-efficient way to save for retirement.

Members can view their EPF balance, contributions, and transaction history through the EPF’s i-Akaun online portal.

EPF savings will be distributed to the nominated beneficiaries or legal heirs, as per the member's nomination or in line with Malaysian succession law.