EPF Increases Basic Retirement Savings Benchmark From RM240K To RM390K

The Employees Provident Fund (EPF) has announced a significant increase in the basic retirement savings benchmark, which was previously set at RM240,000 and has now been raised to RM390,000. This adjustment comes alongside a revision of the retirement age benchmark, which has been increased from 55 to 60 years old. According to NST, this development … Continue reading EPF Increases Basic Retirement Savings Benchmark From RM240K To RM390K