The mandatory EPF contribution represents the main pillar in the citizens’ financial old age security, with more than 14 million Malaysians relying on EPF as their retirement safety net.
KUALA LUMPUR: The Malaysian Financial Planning Council (MFPC) has supported the government’s decision not to allow further Employees Provident Fund’s (EPF) withdrawal schemes.
MFPC strongly supports initiatives to encourage and offer incentives for long-term saving through its Private Retirement Scheme, which will help resolve the issue of insufficient retirement funds.
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