EPF Account 1: Members can withdraw up to RM500 a month over 12 months

By RASHVINJEET S. BEDI

PETALING JAYA: The government has announced that Employees Provident Fund (EPF) members can withdraw up to RM500 a month from Account 1 or RM6,000 over 12 months.

Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz, in tabling of the Budget 2021 in Parliament on Friday (Nov 6), said the withdrawal was to assist EPF members who lost their jobs.

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Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

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KWSP , EPF , Account 1 , Withdrawals

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