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KUALA LUMPUR: The Employees Provident Fund (EPF) will revise upwards the Basic Savings quantum – the minimum target savings that its members should have when they reach 55 – from RM196,800 to RM228,000 effective Jan 1 next year.
KUALA LUMPUR: The Employees Provident Fund (EPF) has reminded its members on the new quantum Basic Savings set at RM196,800 as the minimum amount that must be in their EPF account by the time they reach the age of 55, effective next month.
PETALING JAYA: The National Higher Education Fund Corporation (PTPTN) launched the SSPN Savings Week to encourage more parents and other groups in the community to save for their children's education.
KUALA LUMPUR: The Employees Provident Fund (EPF) is set to raise the savings threshold of contributors to RM228,000 next year to ensure retirees ‘have a good life’ when Malaysia becomes an ageing population.
PETALING JAYA: The Employees’ Provident Fund (EPF) has urged the public to take advantage of its Flexible Age 55 Withdrawal scheme, which allows them to manage their savings via flexible withdrawal options.
PETALING JAYA: The Employees Provident Fund (EPF) has increased its Basic Savings quantum to RM240,000 effective Jan 1, 2019.
IPOH: A retiree lost her life savings of over RM180,000 after falling prey to a phone scam, known as the Macau Scam, where she was told she was suspected of being involved in a drug offence.
A housewife in Air Putih banked in her savings of RM113,000 into two accounts of a 'judge' after being told that she was suspected to be involved in illegal money-lending.
A pensioner was cheated of his life savings and his wife's Tabung Haji savings totalling RM110,000 over a bogus land deal.
OVER 60% of retirees used up their Employees Provident Fund (EPF) savings within three years of retiring, I>Utusan Malaysia /I>reported.