He talking about above 55yo deposit 😁

All deposits upon reaching 55, will go into Emas account.
Once into Emas account, can only withdraw after 60, not "withdrawal can be anytime".

This post has been edited by MUM: Jul 5 2024, 12:13 PM

i just called EPF . all money ac 1, 2, 3 will combined become account 55 when u age 55 (can withdraw anytime)
If u still working after 55, any money in will go to account Emas (cant take out until age 60)

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meaning we no longer can withdraw at age 55?

https://www.kwsp.gov.my/member/life-stages/...at%20any%20time.



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Dude.... you have full access to your entire epf accumulated to 55 at that moment.

some people really good at confusing newbies...

let me explain in simple form...

Age 14 - 55 contribution = You can withdraw ALL balance on your 55 birthday (No more Account 1, 2 & 3 shit anymore). Called Account 55

Age 55 - 60 Contribution = You can withdraw only after your 60 Birthday (Account Emas)

read a few times.... then you'll understand

i dont think its confusing, its those people who have comprehension issue instead

I think EPF really need to use their huge workforce maximum....

I mean, go out.

Do roadshow....
Explain to people on how EPF works...
Withdrawal 55 & 60

it is confusing.

why can't just allow withdrawal age 55 onwards.. so 55 means what? i have 365 days when im 55 years old to withdraw all?

so 55-60, is it full balance, or new contribution from 55 to 60? can i withdraw my up to 55 years old balance?

why leave a 5 year gap in between and only allow withdrawal at the age of 60?



This post has been edited by gashout: Jul 5 2024, 06:10 PM

No need spend so much on roadshow
Use this link https://forum.lowyat.net/topic/2705461/+20520#entry110037256
Don’t even need to raise a ticket

For the highlighted,
When they started to introduce this Emas account in Jan 2017, .... this were their rational. (Simplified in infographic)

https://www.kwsp.gov.my/ms/w/no-change-to-a...e-60-withdrawal


This post has been edited by MUM: Jul 5 2024, 06:16 PM


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Because lots of Malaysians are kaki maximum EPF withdrawal and many cases, after 55 withdraw all, either finished spending within a few years or kena scam by TriumpFX 😆.

Eventually this age will be pushed further to 60/65 for full withdrawal/Emas.

This post has been edited by CommodoreAmiga: Jul 5 2024, 06:18 PM

so if im 58, and i have 2 mil when i reach 55, can i take the 2 mil out? or i need to wait till im 60.

yeah, not many people will need the 55-60 condition

btw, why did you get sus?

What ever you hv accumulated upon reaching 55, will be converted to account 55, you can take out all in account 55, upon reached 55.
What ever you had accumulated in Emas account can only be taken out upon reached 60.

This post has been edited by MUM: Jul 5 2024, 06:26 PM


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got it, thanks!

so it's a good system

basically 55-60 is where you start having an additional small saving funds for your 60 onward..

Anything > RM1 mil can withdraw. No age limit. If you are 18 and have RM2 mil in EPF, can withdraw RM1mil.

Cannot talk about sus. Kim Jong Un is watching.

And you don't have to take all your acct 55. You can treat it almost as ATM while still enjoy the dividend until 100 yrs old.

As for Acct 60, think of it as 5yrs bond/FD when you are 55-60 yrs old.

Actually your last 5 yrs of 55-60 technically is your peak earning and should be sizeable earning even only 5 yrs. Say you earning 22k a month at 55 at 23% contribution, you would accumulate 340++K ..... that more than what majority of the members % that have less than 250k that always published by epf etc.

This post has been edited by gamenoob: Jul 5 2024, 10:21 PM