Getting a clearer picture: An EPF staff attending to a customer at EPF Kwasa Damansara, Shah Alam. — FAIHAN GHANI/The Star
PETALING JAYA: The intergenerational wealth transfer scheme for Employees Provident Fund (EPF) savings, as proposed in Budget 2025, may be akin to the i-sayang scheme, and may not add value for contributors, warn experts.
During his announcement of Budget 2025 on Friday, Prime Minister Datuk Seri Anwar Ibrahim said the scheme would allow EPF members to transfer part of their retirement savings directly to the EPF accounts of close family members, ensuring financial security for future generations.
