In addition to investing in unit trust by cash or through a regular savings plan, you can also invest using EPF Members’ Investment Scheme. The EPF will process a request to transfer an amount
from a member’s Account 1 to approved unit trusts funds if :-
| 1. | The Account 1 balance is not less than the required basic savings, details of which are enclosed in the table 1 as prescribed by the EPF for respective age of the EPF members. |
Table 1 - Basic Savings Amount in Account 1 (Effective on 1 January 2017) |
GE (YEAR)
|
BASIC SAVING (RM)
|
AGE (YEAR)
|
BASIC SAVING (RM)
|
18
|
1,000
|
37
|
60,000
|
19
|
3,000
|
38
|
66,000
|
20
|
5,000
|
39
|
72,000
|
21
|
6,000
|
40
|
78,000
|
22
|
8,000
|
41
|
85,000
|
23
|
10,000
|
42
|
92,000
|
24
|
12,000
|
43
|
100,000
|
25
|
14,000
|
44
|
108,000
|
26
|
17,000
|
45
|
116,000
|
27
|
20,000
|
46
|
125,000
|
28
|
23,000
|
47
|
134,000
|
29
|
26,000
|
48
|
144,000
|
30
|
29,000
|
49
|
154,000
|
31
|
33,000
|
50
|
165,000
|
32
|
37,000
|
51
|
176,000
|
33
|
41,000
|
52
|
188,000
|
34
|
45,000
|
53
|
201,000
|
35
|
50,000
|
54
|
214,000
|
36
|
55,000
|
55
|
228,000
|
|
| 2. | The member is less than 55 years old |
| 3. | An account in the approved Unit Trust Scheme has been opened into which the transfer
can be processed. |
| 4. | No transfer has been made in the previous three (3) months from the EPF Members’ Investment Scheme Transfers under the EPF Scheme is made at an intervals of three (3) months from the date of the last transfer, subject to the availability of the required
balance in Account 1. |
| 5. | The amount eligible for transfer is not less than RM1,000 |
| 6. | The amount to be transferred is not more than 30% of the Account 1 balance remaining
after deducting the required amount of basic savings prescribed by the EPF (subject to minimum of RM1,000).
Source: EPF Website (click for more info)
What are the documents required to register?
- 2 copies of IC (both front and rear of IC on similar page)
- latest EPF statement
|
|
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