EPF Members’ Savings Investment Withdrawal
This withdrawal allows EPF members who have savings of at least RM5,000 more than the Basic Savings amount required in Account I to invest part of this savings through external fund managers appointed by the Ministry of Finance.
Eligibility To Apply
You are eligible to apply if you are:
* A Malaysian citizen; or
* A Permanent Resident; or
* A Malaysian citizen who have withdrawn your savings under Leaving The Country Withdrawal before 1 August 1995 but subsequently returned and re-contribute to EPF; or
* A Non-Malaysian citizen (Expatriate) who became a member of the EPF before 1 August 1998.
* You need to have savings in your Account I and you must also have not reached 55 years of age on the date the application is received by the EPF.
TERMS OF WITHDRAWAL
Approved External Fund Managers
• All investments made must made through External Fund Managers appointed by the Ministry of Finance. Please click the link to obtain the latest List of Approved External Fund Managers.
Frequency of Withdrawals
• Investment can be made at the intervals of three months from the date of the last transfer, subject to the availability of the required balance in Account I.
• Subsequent investments maybe made with the same external fund manager or other approved external fund managers. However, investment is only allowed with one external fund manager at any one time.
Direct Investment
• Direct investment is not allowed. All investments must be done through external fund managers appointed by the Ministry of Finance.
Investment Top-up Using Own Funds
• You are not allowed to top-up your investment using your own funds.
Investment Risks Liability
• You are fully responsible for all investments made with the external fund manage. The EPF will not be responsible for any loss incurred for the investments made by you.
Returning the Investment to the EPF
• You are required to return all invested amounts to the EPF (including the gains) when you decide to sell your investment units. The amount returned to the EPF will be credited back to your Account 1.
• You are not allowed to withdraw any amount (‘no leakages’) from your investment with the external fund manager.
Annual EPF Dividend on the Amount Invested
• You will not be paid dividend declared by EPF on any amount you have invested with the external fund manager because that amount has not been invested by the EPF.
If An Approved External Fund Manager Has Been Delisted
• Your investment with this fund manager must be sold and the funds returned to the EPF by the fund manager.
Service Charge
• No service charge is imposed by the EPF.
Release of Controls on Investments
• The EPF will release its controls on your investment when you reach the age of 55 years old or have withdrawn all of your EPF savings under the Leaving The Country, Incapacitation, Pensionable Employees and Death Withdrawals.
• Claims or selling of the invested units will be handled by you/next-of-kin with the external fund manager.
Nomination
• The amount transferred to an external fund manager is not subject to the nomination made by you. For deceased members, the invested amount will be released from EPF’s controls by. Any payment to the next-of-kin will be made by the external fund manager in accordance to the relevant legislations.
IMPORTANT NOTICE
Amount Withdrawn Not To Be Utilized For Other Purposes
An amount withdrawn shall be utilized solely for the purpose for which the withdrawal was authorized. Where all of the amount withdrawn or any part of the amount is not utilized for the purpose for which such withdrawal was authorized, the member shall return all the amount or the part which is not utilized to the EPF within six months from the date of withdrawal. Any member who contravenes this requirement shall be guilty of an offence.
SUBMISSION OF FALSE APPLICATION
Any application received and found to contain false information or forged documents will be deemed to have committed an offence under Section 59 of the EPF Act and if found guilty shall be liable to imprisonment for a term not exceeding three years or to a fine not exceeding ten thousand ringgit or to both.
Source: http://www.kwsp.gov.my
Eligibility To Apply
You are eligible to apply if you are:
* A Malaysian citizen; or
* A Permanent Resident; or
* A Malaysian citizen who have withdrawn your savings under Leaving The Country Withdrawal before 1 August 1995 but subsequently returned and re-contribute to EPF; or
* A Non-Malaysian citizen (Expatriate) who became a member of the EPF before 1 August 1998.
* You need to have savings in your Account I and you must also have not reached 55 years of age on the date the application is received by the EPF.
TERMS OF WITHDRAWAL
Approved External Fund Managers
• All investments made must made through External Fund Managers appointed by the Ministry of Finance. Please click the link to obtain the latest List of Approved External Fund Managers.
Frequency of Withdrawals
• Investment can be made at the intervals of three months from the date of the last transfer, subject to the availability of the required balance in Account I.
• Subsequent investments maybe made with the same external fund manager or other approved external fund managers. However, investment is only allowed with one external fund manager at any one time.
Direct Investment
• Direct investment is not allowed. All investments must be done through external fund managers appointed by the Ministry of Finance.
Investment Top-up Using Own Funds
• You are not allowed to top-up your investment using your own funds.
Investment Risks Liability
• You are fully responsible for all investments made with the external fund manage. The EPF will not be responsible for any loss incurred for the investments made by you.
Returning the Investment to the EPF
• You are required to return all invested amounts to the EPF (including the gains) when you decide to sell your investment units. The amount returned to the EPF will be credited back to your Account 1.
• You are not allowed to withdraw any amount (‘no leakages’) from your investment with the external fund manager.
Annual EPF Dividend on the Amount Invested
• You will not be paid dividend declared by EPF on any amount you have invested with the external fund manager because that amount has not been invested by the EPF.
If An Approved External Fund Manager Has Been Delisted
• Your investment with this fund manager must be sold and the funds returned to the EPF by the fund manager.
Service Charge
• No service charge is imposed by the EPF.
Release of Controls on Investments
• The EPF will release its controls on your investment when you reach the age of 55 years old or have withdrawn all of your EPF savings under the Leaving The Country, Incapacitation, Pensionable Employees and Death Withdrawals.
• Claims or selling of the invested units will be handled by you/next-of-kin with the external fund manager.
Nomination
• The amount transferred to an external fund manager is not subject to the nomination made by you. For deceased members, the invested amount will be released from EPF’s controls by. Any payment to the next-of-kin will be made by the external fund manager in accordance to the relevant legislations.
IMPORTANT NOTICE
Amount Withdrawn Not To Be Utilized For Other Purposes
An amount withdrawn shall be utilized solely for the purpose for which the withdrawal was authorized. Where all of the amount withdrawn or any part of the amount is not utilized for the purpose for which such withdrawal was authorized, the member shall return all the amount or the part which is not utilized to the EPF within six months from the date of withdrawal. Any member who contravenes this requirement shall be guilty of an offence.
SUBMISSION OF FALSE APPLICATION
Any application received and found to contain false information or forged documents will be deemed to have committed an offence under Section 59 of the EPF Act and if found guilty shall be liable to imprisonment for a term not exceeding three years or to a fine not exceeding ten thousand ringgit or to both.
Source: http://www.kwsp.gov.my
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