Invest in Unit Trust with your EPF Account
Only EPF Account 1 can be used to grow your EPF with Unit Trust Investment, Account 2 is for Education and Housing Payment
The minimum eligible amount in EPF Account 1 to withdraw for any investment in unit trust is only RM1000
Your Age and Basic Savings: Please refer to the EPF Basic Savings Table below. For your age, use age after your birth date. For example, today is 13th June 2011. Birth date is 11th November 1971. Based on the table below, age to be used is 39 and not 40 and the amount for Basic Savings to use is RM41,000.00
Now, your "EPF Balance Account 1" minus your "Basic Savings" in the table at your current age. The result is the excess amount which must be more than RM5000 to be eligible for withdrawal.
The amount that is permissible and allowable by EPF to be invested in Unit Trust Scheme is only 20% out of your excess amount after your Balance Account 1 minus Basic Savings at your current age.
Example:
Your age is 30. Your Basic Savings that you cannot use in the EPF Table is RM18,000.00
Let's say your Balance in Account 1 after you check your statement with EPF (via KIOSK or i-akaun) is RM25,000.00
Then, the only amount that can be withdrawn from your EPF Account 1 is only:-
(RM 25,000 - RM 18,000) X 20%
= RM 7,000 X 20%
= RM 1,400
The minimum amount to invest in Unit Trust with EPF is RM 1,000 as approved by EPF. Therefore the eligible amount from the above example to be withdrawn is maximum RM1,400 only.
Your investment can be added every 3 months using your EPF Account 1 to gain optimal returns (for long term investment) using Dollar Cost Averaging (DCA) Strategy with Single Fund or Multiple Funds from one or more than one UTMC. Please contact me to know more details.
The minimum eligible amount in EPF Account 1 to withdraw for any investment in unit trust is only RM1000
Your Age and Basic Savings: Please refer to the EPF Basic Savings Table below. For your age, use age after your birth date. For example, today is 13th June 2011. Birth date is 11th November 1971. Based on the table below, age to be used is 39 and not 40 and the amount for Basic Savings to use is RM41,000.00
Now, your "EPF Balance Account 1" minus your "Basic Savings" in the table at your current age. The result is the excess amount which must be more than RM5000 to be eligible for withdrawal.
The amount that is permissible and allowable by EPF to be invested in Unit Trust Scheme is only 20% out of your excess amount after your Balance Account 1 minus Basic Savings at your current age.
Example:
Your age is 30. Your Basic Savings that you cannot use in the EPF Table is RM18,000.00
Let's say your Balance in Account 1 after you check your statement with EPF (via KIOSK or i-akaun) is RM25,000.00
Then, the only amount that can be withdrawn from your EPF Account 1 is only:-
(RM 25,000 - RM 18,000) X 20%
= RM 7,000 X 20%
= RM 1,400
The minimum amount to invest in Unit Trust with EPF is RM 1,000 as approved by EPF. Therefore the eligible amount from the above example to be withdrawn is maximum RM1,400 only.
Your investment can be added every 3 months using your EPF Account 1 to gain optimal returns (for long term investment) using Dollar Cost Averaging (DCA) Strategy with Single Fund or Multiple Funds from one or more than one UTMC. Please contact me to know more details.
EPF BASIC SAVINGS TABLE (Please click on the table to read it from KWSP Website)
i-akaun is the best way to check your online EPF statement
I would like to recommend on using i-akaun to check your EPF statement. It's easy and convenient to use i-akaun. You must first need to register at any EPF Kiosk for the first time. Just enter 6 digit pin number that you can memorize and then use it on the EPF website to create your new username and password. From i-akaun you can monitor your EPF withdrawals. It is very important to avoid any mistake and to monitor your investment withdrawals.