KUALA LUMPUR: The Employees Provident Fund (EPF) will revise upwards the Basic Savings quantum – the minimum target savings that its members should have when they reach 55 – from RM196,800 to RM228,000 effective Jan 1 next year.
The fund said in a statement that members would now be required to have higher savings in their EPF account in order to be eligible to participate in the EPF Members Investment Scheme (EPF-MIS).
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