Experts: Provide incentives to help boost EPF savings

Smart savings: The government could also provide various incentives to encourage those with low retirement funds save more.. — AZLINA ABDULLAH/ The Star

PETALING JAYA: Increase private sector workers’ salaries and provide incentives such as tax exemption to encourage Employees Provident Fund (EPF) members with low savings to work on rebuilding their retirement funds, experts say.

Associated Chinese Chambers of Commerce and Industry of Malaysia (ACCCIM) SMEs committee chairman Koong Lin Loong said EPF contributors had a duty to ensure that they have enough for their retirement.