Budget 2021- EPF contributors can withdraw RM500 monthly from Account 1 from January 2021

  • 4 years ago
Employees Provident Fund contributions will decrease to 9 percent from 11 percent beginning Jan 1 for a 12-month period to increase disposable income.

EPF will also allow Account 1 withdrawals of up to RM6,000 over a 12-month period. The measure was suggested by Umno. Withdrawals can be made from Jan 1 onwards.