Wait what? I thought only for people who 'work'? So EPF's OK if I register my still primary school child? Confused ...

I can't read chinese by the way.

Edit:
Sorry, just realised 14-year minimum age. Regardless, I'd definitely do it if I had a child older than that.

This post has been edited by wira1979: Jul 18 2025, 08:47 AM

Wonder why there's not been more debate/discussion on this? If anything, it's offering less flexibility to Malaysians to manage their own wealth.

Maybe it's because most Malaysians have more than RM1.5m in their accounts so this will not impact them. If that's the case, excuse me while I cry due to how poor I am.

Thanks to all who have replied and shared. I must've missed (or ignored) the initial announcement so the recently released news article was an eye-opener for me, at least.

Personally, it's going to force me to relook at my financial planning. If given a choice, I don't see myself working to retirement age and would like to retire as a family at a certain age and live off the dividends from our investments (of which a big part is EPF). Given that now the withdrawal threshold has increased, it'll be harder to access the dividends. I feel they should increase the self contribution threshold to even things out.

At the end of the day, I realise that my grumblings are pretty selfish and not in the spirit of what EPF is trying to achieve. There's also the worry that if they can do this, then what's stopping them from shifting the goalposts again and increasing the threshold to say RM2.0m all of a sudden. I firmly believe that people who have RM1.0m in their EPF (obtained in the right manner, of course), have the knowledge and maturity to manage their own funds without needing an invisible hand to tell them what they can and cannot do.

Ultimately, while I understand the rationale behind EPF’s move and the need to safeguard retirement adequacy, I can’t help but feel uneasy about the shifting rules and their long-term implications. Policy certainty is just as important as financial security, and members who have diligently built up their savings deserve the trust and flexibility to decide what works best for their own circumstances. Striking the right balance between protection and autonomy will be key to maintaining confidence in the system.

This post has been edited by wira1979: Sep 30 2025, 09:09 AM