Nov 10 2025, 10:19 AM
QUOTE(justanovice @ Nov 8 2025, 08:26 AM)
Hi bro thanks for your detail thought.
Well as also explained by other bro above, the numbers are tied to Belanjawanku. This edition of Belanjawanku lasts 3 years. 3 years later they will publish a new one. So logically due to inflation, the new number will be calculated and used to determine the figures required for retirement. This number is what EPF use to increase min balance before withdeawal is allowed.
On a side note I just hit 1m in epf but that’s not the main point, the key point is I am not self contributing more with all the changes happening which is out of my control. Again I’m haopy to let the money stay till when ai am 55 but will be very unhappy if they move it higher.
That's because you are not thinking with brain, but with heart. Well as also explained by other bro above, the numbers are tied to Belanjawanku. This edition of Belanjawanku lasts 3 years. 3 years later they will publish a new one. So logically due to inflation, the new number will be calculated and used to determine the figures required for retirement. This number is what EPF use to increase min balance before withdeawal is allowed.
On a side note I just hit 1m in epf but that’s not the main point, the key point is I am not self contributing more with all the changes happening which is out of my control. Again I’m haopy to let the money stay till when ai am 55 but will be very unhappy if they move it higher.
EPF money is yours. When you reach 60, you get to withdraw it. They might change it, but it will take a longer time.
Say you hit 55 and you have RM1mil, but now EPF say you cannot withdraw the access until its RM1.1mil. You have account 3 which would have 100k or so by then to use. Secondly, how many people need to withdraw 100k the day they turn 55?
And if they need to do so, that is exactly why EPF is trying to stretch the retirement savings rather than having retirees withdrawing vast sums to spend on short term items and then don't have enough to survive. They are also the group that is harder to get a new job to supplement their income.
EPF is a retirement fund. Their goal is to ensure people can retire with the money they require. We are the ones that treat it like a HYSA, then gets surprised when it isn't the case.
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