Only 10.2% of Employees Provident Fund (EPF) members working in the formal sector would be able to afford a comfortable retirement with ­savings of RM1.3mil by the time they reach 60.

The most effective retirement strategy is a combination approach, using EPF or PPF for stability and NPS for growth potential ...

The EPF Basic Savings target serves as a benchmark for how much Malaysians need to cover monthly expenses for 20 years after ...

Retirement planning can benefit from PPF, EPF, and VPF, which offer high interest rates and tax exemptions. PPF provides ...

Experts are divided over the Employees Provident Fund's plan to consider allowing more withdrawals from Account 2 for the ...

Understanding Two Popular Government-Backed Retirement Schemes Planning for retirement is a crucial part of financial management. Most individuals aim to build a strong financial cushion that can ...

Currently, EPF members can fully withdraw their EPF savings at age 55, while those aged below 55 are not allowed to withdraw the bulk of their savings as these are meant for retirement.

An estimated 60 per cent of Employees Provident Fund (EPF) members can potentially reach the basic savings level of around ...

Finance Minister II Datuk Seri Amir Hamzah Azizan said around 3.1 million members had already met the basic savings level by ...

Give them a leg up by investing in their social security savings early.

EPFO has announced an 8.25% interest rate for the financial year 2025-26. This rate remains unchanged from the previous year.

The government is not currently planning any specific changes to the Employees' Provident Fund Organisation (EPFO) scheme as part of the new labour codes, the Labour Ministry informed the Rajya Sabha.