EPF: Some retirees spending all their withdrawals in 30 days


  • Nation
  • Wednesday, 28 Dec 2016

BANGI: The Employees Provident Fund (EPF) is concerned with the spending habits of those who run out of savings too soon after retiring.

Kuala Lumpur EPF branch retirement advisory service (RAS) officer Nornisah Mohd Yusof said many subscribers ran out of their EPF savings within three or five years after retiring although the life span for Malaysians had increased to 75 years.

Get 30% off with our ads free Premium Plan!

Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


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!

Next In Nation

Sabah firefighters brave floodwaters to send food baskets to victims
Dr Wee meets constituents ahead of Chinese New Year
Highway through Tawai reserve will only make elephant poaching easier, say green groups
Malaysia Airlines announces 102 additional flights for CNY period
Malaysian students involved in road accident in Egypt
TikTok likes won't guarantee youth votes, says Amanah leader
Sabah govt allocates RM250mil to build 3,000 affordable houses this year
Man killed after crashing car into toll divider in JB
Over 270,000 i-Sejahtera recipients in Penang to receive payments from March 12
Seek medical care only from licensed facilities, says MMA

Others Also Read