SHAH ALAM: The Employees Provident Fund (EPF) will introduce the i-Legasi scheme, enabling contributors aged 55 and above to pass down their retirement savings to their children.
Speaking at the pension fund’s 2025 dividend briefing, EPF chief executive officer Ahmad Zulqarnain Onn said the scheme would allow members to transfer their savings "intergenerationally" to their children.
However, he said this will apply only to members who are already eligible to withdraw their savings.
EPF chief operating officer (COO) Sazaliza Zainuddin said an announcement on the initiative will be made soon.
“Currently, if we want to top up any money for our children, we have to pay from our own account. This scheme will allow members to transfer part of their savings directly to their children's accounts,” he said on Saturday (Feb 28).
At present, EPF members aged 55 and above are allowed to withdraw their savings.
