Increasing concerns over EPF withdrawals

"... withdrawing EPF dividends as one source of passive income to help partially pay for retirement expenses makes sense,’’ said Manulife Investment Management (M) Bhd licensed financial planner Rajen Devadason.

THE latest withdrawal scheme of up to RM10,000 from the Employees Provident Fund (EPF) has drawn strong concerns on dwindling retirement funds.

This is especially as Malaysia heads towards an ageing society, with a potential retirement crisis where people are financially vulnerable with insufficient savings, investments and income to cover expenses.