This replacement would be done, where 100% of the new contribution would be first deposited into Account 1, a statement from EPF said. Once the total amount accessed from i-Sinar is completely replaced, the contribution distribution rate will return to normal at 70% (Account 1) and 30% (Account 2).
KUALA LUMPUR: The Employees Provident Fund (EPF) clarified that contributors applying for an advance from their Account 1 under the i-Sinar facility will have to replace the amount with future contributions.
This replacement would be done, where 100% of the new contribution would be first deposited into Account 1, a statement from EPF said.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
