The fake account promotes a ‘special EPF withdrawal’ for members under 55, claiming it’s available online from 7 to 30 October 2024.
M’sians Surprised by Young Adults’ Unexpectedly High EPF Savings
Only a few respondents reported lower savings, with one showing a six-figure EPF balance as proof.
Over 90% Of Malaysians Below 30yo Don’t Have Enough EPF Savings For Retirement
Malaysians should save RM35,000 by age 30 to reach RM250,000 by 55.
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25% Of M’sians Found To Have Spent All Of Their EPF Savings Within 5 Years
1 in 4 Malaysians deplete EPF savings in 5 years, making retirement homes at RM2,500–RM10,000/month hard to afford.
42% Of M’sians Withdrew Cash From EPF Account 3 To Repay Debts, Poll Shows
Are you part of the figure too?
Over 13,000 Employers In M’sia Fail To Pay EPF Contributions And Now Face Travel Restrictions
635 company directors’ names have been sent to the Immigration Department for travel restrictions.
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M’sian Beauty Product Founder Accused Of Paying Workers Only RM5 Per Hour
She allegedly called them ‘spoiled’ and never paid for their EPF and SOCSO contributions.
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M’sian Man Withdraws Entire EPF Savings For GF Who Later Ghosts HimÂ
The man’s financial situation deteriorated drastically following the transfer.
MOF: EPF Account 3 Withdrawals Reach RM7.81bil As Of June 24
Astronomical amount.
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2.93 Million EPF Members Withdraw Nearly RM7 Billion From Flexible Accounts
The Ministry noted that the average withdrawal from the Flexible Account was RM2,382.
M’sian Man Drains RM750K In EPF Savings Within 7 Years, Uses Wife’s Pension To Survive
He’s fortunate his wife’s pension lightens their financial load in their later years.
25% Of M’sians Drain Their EPF Savings Within 5 Years After Reaching 55yo
26.1% of those aged 60 and above said they would work until they’re not able to.