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[WTA] How much can be taken from EPF, To fund for property Purchase ?
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TSnujikabane
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Jun 13 2010, 06:22 PM, updated 16y ago
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Hello all. I am planning to buy property & plans to use EPF to fund for the property purchase. Question is, how much can be taken from the EPF?
And is there a set limit e.g minimum amount in the fund, minimum years worked ?
Kindly advice, thank you.
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9876789
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Jun 13 2010, 06:26 PM
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http://www.kwsp.gov.my/index.php?ch=p2life...ife_house&ac=79i don't know much, but there maybe 2 options for you : house or investment. for more information, you should read through all the FAQs there. This post has been edited by 9876789: Jun 13 2010, 06:27 PM
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leongal
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Jun 13 2010, 08:59 PM
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it depends on how much you have in account 2....regardless of how long you have been working....so, depends on your salary also
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airline
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Jun 14 2010, 12:22 AM
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at how old u guys usually withdraw from account 2. want to do poll soon.
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TSnujikabane
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Jun 14 2010, 09:30 PM
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I've never touched the money in my EPF as yet
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sonerin
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Jul 4 2010, 06:23 PM
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Depend on the cost of your property compare to the amount you have in EPF account 2. If I am not mistaken you can withdraw up to 90% of the cost of your house purchase price. For example, if your property purchase price is RM100000. Then you can withdraw RM10000 from your account 2. If your account 2 amount is less than RM10000, then you can withdraw all of the amount available.
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lexiqa
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Jul 7 2010, 02:32 AM
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should be able to withdraw all from account 2 if the property price is higher than ur account 2 total.
eg: if ur account 2=rm100k, and ur property is 200k. u can opt to take out all from account 2 or part of.
just show ur S&P to EPF officers. can take out for buying house or to pay off remaining instalments of current house.
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