EPF’s New Account Structure: A Step Towards Financial Flexibility and Security [Issue 2 of 2]
From May 12, 2024, to August 31, 2024, individuals have the opportunity to opt for an initial amount transfer. This selection is crucial as it can only be made once and cannot be reversed. Here’s a breakdown of the scenarios and options available for transferring your initial amount.
Scenario 1: Balance in Akaun Sejahtera is RM3,000 and above
If your Akaun Sejahtera balance is RM3,000 or more, the transfer will be divided as follows:
Scenario 2: Balance in Akaun Sejahtera exceeds RM1,000 but does not exceed RM3,000
For balances in Akaun Sejahtera between RM1,000 and RM3,000:
Scenario 3: Balance in Akaun Sejahtera is RM1,000 and below
If your Akaun Sejahtera balance is RM1,000 or less, the options are slightly different:
These options provide flexibility for managing your retirement funds. It’s essential to consider your current and future financial needs before making a decision, as this selection is permanent. Ensure to review your account balances and transfer preferences carefully to make the most informed choice.
