- ENJOY LOWER SERVICE CHARGE BY INVESTING YOUR EPF FUNDS.
The cost of living is constantly on the rise and many Malaysians now realise they will need to make their retirement funds work harder. By investing your EPF monies in unit trust products, you are giving yourself more opportunities to overcome the effects of inflation and enjoy your golden years.
"About 70% of contributors who withdraw their EPF savings at the age of 55 tend to spend all their savings within 3 years."
~ Employee's Provident Fund (EPF) ~
(Source: NST, 27 December 2008)
need to last for 10 years after retirement.
Benefits of Investing Using Your EPF Savings
- No cash investment required
Investment is transacted directly from your EPF Account 1.
-Diversification
Opportunity to diversify your retirement funds with EPF approved funds.
-Capital appreciation
Opportunity to reap capital growth as part of the return on your investment to boost the total lump sum of your EPF savings.
-Lower Service Charge
Enjoy lower service charge of 3% for investment through EPF scheme, as regulated by EPF
EPF Members Investment Scheme
- This scheme allows EPF members to invest 20% of the amount in excess of the required Basic Savings in Account 1.
- You can only invest through appointed unit trust fund company or Institusi Pengurus Dana (IPD) by the Ministry of Finance.
- Public Mutual's IPD number is 003.
- You are allowed to make your second withdrawal three months after your first withdrawal, provided you are still eligible.
To Qualify
EPF Members must have Basic Savings as stipulated below according to age in order to invest.
Example:
Ahmad is 33 years old. From his EPF latest statement, the amount in his Account 1 is RM70,000. According to the above Basic Savings table, his basic savings required in Account 1 is RM24,000. This means he is qualified to withdraw the minimum RM1,000 and maximum RM9,200 from his EPF savings to be invested in unit trusts.
Calculation = (RM70,000 - RM24,000) X 20%
= RM9,200
Find Out If You Qualify
-Refer to your latest EPF statement; or
-Check your account balance at any EPF Smart Kiosk* nationwide by using your Mykad; or
-Log onto www.kwsp.gov.my if you are an i-Account registered user.
* Please refer to www.kwsp.gov.my for detailed information related to Smart Kiosk locations and operating hours.
Public Mutual offers a wide range of funds to meet your investment needs. Whether you are an aggressive, moderate or conservative investor, we have just the right fund for you.