Govt proposes allowing up to RM10k to be withdrawn from EPF

Published on 26 Nov 2020 4:42:36 PM

The government has proposed allowing members to withdraw up to RM10,000 from Account 1 of their Employees Provident Fund (EPF), says the Finance Minister.

Tengku Datuk Seri Zafrul Abdul Aziz said that in his winding up speech of Budget 2021 in the Dewan Rakyat on Thursday (Nov 26), adding that those who have been affected by the Covid-19 pandemic and have lost their income or are experiencing a reduction in revenue or business are now eligible to withdraw money from their Account 1 under the i-Sinar facility.

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