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 KWSP withdrawal for house renovation, Advised needed

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samkps
post Nov 23 2015, 06:10 PM

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QUOTE(lai_dm @ Nov 23 2015, 04:39 PM)
huh ?
then i can apply 1 time payment for my 2nd house ?

fyi ,  i already withdraw from epf for my 1st house  few years ago, now the still my name
*
This can be done for second house after the disposal of first house. Disposal from EPF context not only sell off, it can be transfer of name because of love and affection, due to natural disaster, or even an abandoned housing project.

http://www.kwsp.gov.my/portal/documents/10..._D8_Jun2014.pdf

"Disposal of ownership means loss of ownership of the first house owned through previous EPF withdrawal due to auction, surrender
of property by court order, transfer of ownership because of love and affection, destruction of house due to natural disaster, abandoned housing
project or cancellation of purchase."
samkps
post Nov 23 2015, 06:15 PM

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There is a new withdrawal faciltieis from EPF call Flexible Housing Withdrawal, which you can use "monthly contribution to the EPF is considered as an income".

Read the eligibility and terms and condition carefully.

http://www.kwsp.gov.my/portal/documents/10..._Withdrawal.pdf



 

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