New ‘Akaun Emas’ to lock in savings until contributor turns 60

KUALA LUMPUR: In one move, the Employees Provident Fund is taking into account what its members want and, at the same time, making sure they have enough for their golden years.

From Jan 1, a new account – Akaun Emas – will be opened for all contributors who turn 55. The money in that account cannot be withdrawn until the member turns 60. All contributions made until the age of 55 will be available to the member.