Article Related To special withdrawal

Amirudin said the remaining savings of contributors are becoming more worrying following several special withdrawal initiatives.

More than RM145 bln was withdrawn by 8.1 mln individuals during the pandemic under four special withdrawal schemes, Ahmad Maslan said.

PM Anwar said the government will have to consider the plight and the future of EPF contributors before they are allowed another round of special withdrawals.

The payment for the EPF Special Withdrawal of up to RM10,000 will be made earlier on April 18 as compared to April 20 announced previously.

The Employees Provident Fund (EPF) has received a total of 5.3 million applications worth RM40.1 billion under the Special Withdrawal facility as of 8 pm April 14.

The RM10,000 special withdrawal facility will not affect the Employees Provident Fund's (EPF) investment strategy this year, said chief executive officer Datuk Seri Amir Hamzah Azizan.

The special withdrawal is open to members under 55 years old from April 1 to 30 while payment would be made on April 20.

Ahmad Zahid expresses appreciation to Ismail Sabri for announcing that the govt is allowing EPF contributors to make a special withdrawal.

The government's decision to allow a special withdrawal of RM10,000 from EPF accounts continued to get the attention of delegates at UMNO's Wanita, Youth and Puteri assemblies today.

The potentially higher net selling was due to the requirement for the EPF to raise liquidity for possible withdrawals by its members.

Applications for a special RM10,000 withdrawal facility from the Employees Provident Fund (EPF) is open to members below age 55 starting April 1, 2022.

EPF will be providing further details on the government's move to allow EPF contributors to make a special withdrawal of RM10,000, as announced by Ismail Sabri Yaakob today.

Three special withdrawals from the EPF, namely i-Lestari, i-Sinar and i-Citra have benefitted 7.34 million members or 58 pct of 12.6 million members under 55 years old.

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