EPF clarifies on i-Sinar facility

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.