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Specially For EPF Investors
Posted by gnustiy @ Thu 15 May, 08, 04:37PM under Public Mutual
This blog has been viewed by 254 visitor(s) For those who wants to use their EPF to invest in unit trust, this is considered as a good news. Previously, one would need to have more than RM50,000 in Account I to be eligible for this scheme and can invest a minimum of RM1,000 up to 20% of the saving amounts that exceed the RM50,000. Starting from February 1, 2008, the minimum saving of RM50,000 which applies to all has been changed with respect to the table below - each age level would have its own minimum savings limit in their Account 1.
This is a positive change knowing that not many people are able to accumulate RM50,000 at an early stage in their EPF account. With this, the younger generations are able to invest earlier and reap the effect of compounded ROI. Based on the table above, you can use the following formula to calculate how much you can invest your KWSP money into a privately managed fund. For example, a 25 year-old with savings up to RM20,000 in Account I would be able to invest a maximum of: (RM20,000 - RM9,000) x 20% = RM11,000 x 20% = RM2,200 But still, withdrawal can only be done once every 3 months and the minimum withdrawal remains at RM1,000. For more info, please visit the KWSP website. leave me a message  |
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