He owns a two-room apartment and drives a Perodua Myvi, but does not have additional savings or investments.
EPF rolls out major updates for the year ahead.
According to the report, many Malaysians withdraw their entire EPF savings as soon as they turn 55.
i-Sayang is an initiative meant to strengthen women’s long-term financial security.
Higher savings were recorded among older members.
The figure stood at 30.4% in Dec 2022.
EPF said in July its H1 2025 investment income stood at RM38.92b.
“If you work in Singapore and don’t simply spend, you sure can save one.”
The proposal is currently being studied
This would be in addition to the existing lump-sum withdrawal method.
Important update for all employers.
Only a small percentage will go toward the insurance premiums.
Adding 10% savings outside EPF can seriously boost your future.
EPF tak masuk for months? Here’s how to deal with it, step by step.