a question for you guys - what happens when u have exceeded the 100k voluntary deposit into epf ?  does the transaction get rejected ?

a question for you guys - what happens when u have exceeded the 100k voluntary deposit into epf ?  does the transaction get rejected ?

The website says the saving amount is consolidated for withdrawal, not the accounts.

I don't really know as have not reached 60 years of age yet.

"At age 60, all savings in Akaun 55 and Akaun Emas will be consolidated for withdrawal. "
"Pada umur 60 tahun, kesemua simpanan yang terkumpul dalam Akaun 55 dan Akaun Emas akan digabungkan untuk pengeluaran. "

I just copied the english and malay sentences here for reading. It does seem that both accounts will be combined. To me, the words "for withdrawal" and "untuk pengeluaran" are just to stress that we have access to everything at 60 and above.
But a old article mentioned this, which seems to imply the account 55 will last till 100 years old:
"“Akaun 55 will remain open as long as a contributor lives or until he reaches 100 years old. It will only close after he has withdrawn all his savings from it."
link as below.
https://thesun.my/home-news/epf-contributio...t-60-BF10731734
To me, it doesn't really matter. combined or not, at age 60 and above, everything is accessible. ie makes no diff to us.

Huh..
Headache like this...

Anyway...
Just for own knowledge...

Still long way to go for me...
No effect as for now...

Hopefully it's stay that way...
Don't suddenly says full withdrawal only at 65yo 😭

Why headache? It's a non-issue.

Although both Akaun 55 and Akaun Emas remain after 60y/o, you can withdraw any amount you want at any time. It will deduct from Akaun 55 first before starting to deduct the Akaun Emas.

based on what I seen so far, those continue to work after 55, normally with pay cut, many got retrench before that.
check the company you working with, how many now age between 55-60?

i work for global fmcg mnc, malaysia entity has 0 headcount between 55-60.

Ooh it's work Iike this....

You seems to have knowledge about all these things..

I assume you above 60yo?? Correct 😁

Now EPF building still got a lot ppl queue up to setup withdrawal or the queue has die down? I wanna go there to setup my withdrawal thumb printing

Now EPF building still got a lot ppl queue up to setup withdrawal or the queue has die down? I wanna go there to setup my withdrawal thumb printing

I tried to download 2024 statement from web, got this message, the new website link is not working.
Anyone has similar issue?

are you on the old website? try https://iakaun.kwsp.gov.my/portal/member/login

i have no issue

I didn't go personally but friend of mine went there last week...

KL branch...

Not much people... Like the first few weeks of flexible account gone live...

Thanks for the update
Better to setup now if continue wait then suddenly gov announced that can move additional 5% from account 1 to account 3 then gila again the queue

if OPR naik sure rakyat bising for another round of withdrawal but now i dont think so

successfully test withdrawal of rm3000.01 with thumbprint verification. just in case anything can withdraw online next round.

easily done at epf kiosk. nobody at the melaka branch

successfully test withdrawal of rm3000.01 with thumbprint verification. just in case anything can withdraw online next round.

easily done at epf kiosk. nobody at the melaka branch