EPF

1. EPF 2024 Dividend at 6.3%: A Record High in Recent Years The Employees Provident Fund (EPF) has officially announced a 6.3% dividend for both conventional and Shariah savings accounts in 2024. 📈 Key Highlights: ✔️ 6.3% dividend for both Conventional and Shariah accounts – the highest since 2019. ✔️ Total payout of RM73.24 billion, a major boost for contributors. ✔️ Investment...

1. EPF’s Strong Performance in 2024: Higher Dividends Expected The Employees Provident Fund (EPF) is on track to deliver a higher dividend payout for 2024, following a strong investment performance in the first three quarters of the year. 📈 Key Highlights:✔️ RM57.5 billion investment income by Q3 2024 – surpassing 2023’s performance.✔️ Expected 2024 dividend rate to exceed 6%, higher...

EPF Dividend Set to Exceed 5.8%: A Boost for Property Investment in Malaysia? The Employees Provident Fund (EPF) is expected to declare a dividend of over 5.8% for conventional savings in 2025, surpassing last year’s 5.5% payout, according to sources. Meanwhile, shariah-compliant savings are likely to see dividend rates between 5.4% and 5.6%, up from 5.4% in 2024. If confirmed, these higher dividends...

EPF Introduces New Three-Tier Retirement Savings Framework The Employees Provident Fund (EPF) has launched the Retirement Income Adequacy (RIA) Framework, a comprehensive savings benchmark designed to help Malaysians achieve financial security post-retirement. Effective January 2026, the framework introduces three tiers of savings — basic, adequate, and enhanced — aligned with individual retirement...

Malaysia Proposes Mandatory EPF Contributions for Foreign Workers to Boost Wage Equity The Malaysian government has proposed mandatory contributions to the Employees Provident Fund (EPF) for foreign workers in an effort to address wage equity and ensure local workers are not disadvantaged. Finance Minister II, Amir Hamzah Azizan, announced this initiative at the ESG and Sustainability Conference 2024,...

EPF’s Investment Income Surges 20% in First Nine Months of 2024, Driven by Equity Gains and Economic Growth Malaysia’s Employees Provident Fund (EPF) reported a robust investment income increase in Q3 2024, reaching RM19.67 billion, up from RM14.67 billion in Q3 2023. This brought EPF’s total investment income for January-September 2024 to RM57.57 billion, marking a 20% increase compared to RM47.86...

Financial Awareness Vital as Malaysians Face Retirement Challenges With life expectancy in Malaysia now averaging 76.6 years, coupled with inflation and rising living costs, it is more important than ever for Malaysians to be financially prepared early on. According to Yew Yee Tee, Executive Director and General Counsel of the Securities Commission Malaysia (SC), one of the most significant challenges...

Malaysians Withdraw RM7.81 Billion from EPF After Pension Fund Restructuring Malaysians have withdrawn a significant RM7.81 billion (US$1.66 billion) from their retirement savings following the restructuring of the country’s national pension fund, the Employees Provident Fund (EPF), in May. This figure, recorded as of June 24, marks an increase from RM6.98 billion withdrawn as of June 10. The EPF...

Enhancing Financial Security: The Strategic Restructuring of Malaysia's EPF Accounts In a significant move to refine the landscape of retirement savings, the Employees Provident Fund (EPF) of Malaysia has announced a transformative restructuring of its members’ accounts. Now segmented into three distinct entities—Akaun Persaraan, Akaun Sejahtera, and Akaun Fleksibel—this strategic overhaul is set to...

Imagine a future where your dream of owning a home in the bustling city of Kuala Lumpur is not just a distant dream but an achievable reality. Thanks to a pivotal restructuring by the Employees Provident Fund (EPF), this vision is closer than ever for many Malaysians. The introduction of a new, flexible account structure is set to revolutionize how contributors can manage their finances, potentially easing...