Another con,
Subject to sudden change of withdrawal policy like 55 to 60 years old.
Max per year deposit amount is 60k only, to you maybe 'no meat' for such hassle.

I personally prefer those 5% after tax REITs rather than EPF, any winter melon and tofu happen to Malaysia economy, you can liquidate within 4 trading days. But it all depend on individual risk tolerance.

And best of all, if you are a worker, better to negotiate with your employer for them to contribute more than getting a pay rise as whatever is "paid" to you into your EPF is TAX FREE. For self employed, don't know if the tax free thingy applies.

Bro, I was talking about employer's contribution and not "your" contribution into the EPF account (which is true as you mentioned above). Think about it and you'll understand (if you pay income tax).

Top Goat,

Sorry I made a mistake. It is 6000+ members, not 1000+ members... paiseh 

Since you are interested, I retrieved my 2012 data about KWSP members' money
in their EPF accounts.

KWSP members: 12 million

(1) 6000+ members have more than a million Ringgit in their EPF accounts.
(2) 5.45 million members have less than RM 150K in their EPF accounts.
(3) 58K members from (2) who aged at 54 years old have approximately
    RM 140K in their EPF accounts.

Chairman of KWSP said, each retiree needs to spend at least RM 2000 per month
for their standard cost of living.

So, for those retirees who have only RM 140K in their EPF accounts, this RM 140K can
only last them for 5.8 years.