Hi guys, I had became the viction of EPF. EPF has implemented a new rule for those wanna withdraw the money in acc 2 to buy the 1st house. If you havent marry with your partner and buy house together, pls forget about taking your EPF $$$$. Their new rule is they only will to approve the withdrawal of EPF $$$ if you can show them your marriage certificate. If not, all the application will be rejected. This is effective 5th Nov 2008.

BUT the problem is they never made any annoucement on this matter. No one know. No news published on newspaper, even until now KWSP website was not being updated. I had pay the 5% of downpayment to buy my dream house with my bf and when both of us went to apply to withdraw the $$$$ from EPF on 7th Nov, their officer never told us to wait for 3 weeks and we can see the $$$ in our account. However, on th 10th they called us saying our application cannot be processed. Now both of us cant get back our saving in EPF. I had appeal to them and now still waiting for their reply. Already 3 days passed, probably they have chunk my application to the dustbin.

I still need to pay the remaining 5% of DP to the owner. Because of this new rule all my plan ruined. Im now have a big head trying to find $$$$ to settle my problem..

Guys, in future if u guys plan to withdraw your $$$ from EPF to buy anything.... u guys better check with EPF whether they gonna implement any new rule or not. cz they NEVER inform us..... this is reali UNFAIR!!!!!!!!!!!!!!!!!!!!!!!!

This post has been edited by desperado80: Nov 13 2008, 12:26 PM

since both of you has plan to buy house mean both of you will get marrid soon or infuture rite? just go register your married certificate lor...

yes...marriage can settle this prob.. but what if Im buying with my fren who is same gender with me??? i just wan to point out tat epf can simply do anything on our $$$$. tats MY money...

means u combine name with ur bf for the property?

then could u still withdraw from ur account or ur bf's account ONLY?

this is a stupid rule. If I want to buy a house with my family(sister/brother) then I cannot take the money because I'm still single? Lol

come on girl, just go REGISTER... get the register CERT can ad la! what so hard? unless u dont trust ur bf.. or ur bf dont wan

does this new ruling apply to withdrawing for loan settlement or just for paying the initial downpayment?

This wont be long, its a stupid rules, this will kill the development biz and contruction for housing. Most probably temporary.

hope ur rite, im not so optimistic unless people complain publicly

I called to their customer service line, they said can withdraw from my bf account. but when i walked in the branch and asked they said both cannot withdraw..they make me confuse...

---

Added on November 13, 2008, 2:17 pmyou can buy with ur family member but need to show them your birth cert... stupid right??

This post has been edited by desperado80: Nov 13 2008, 02:17 PM

This is turning into a rant thread.
If it persist, than I would move it to Kopitiam.

Anyway, back to topic; can someone else pls verify the source? As I've went to KWSP website and didn't see anything stated there.
http://www.kwsp.gov.my/
The latest news is: "Lower EPF Employees' Contribution Rate Starting January 2009 Wage"

desperado80, demand the office to show you their circular as you have your right to say that the call center and the website didn't show anything.

I even went to their branch and ask them to show me the notification, they admit they didnt make any anouncement... but they oni received internal circulation memo.. im so frustrated because oni EPF ppl aware of the new rule but not the public... and now they said they cant do anything since their upper mgmt has enforced the rule...

I just bought a house recently and I believe I've never heard of this rule. What I understand is, even if you and your bf are not married, you can still withdraw from your account and him from his. However, BOTH of you must be the name owner of the property in the grant.

But that piece of info was valid up until September 2008. I personally do not believe what the call centre fellow told you as it does not make any sense. Let's take the bf/gf issue out of the picture and imagine that I can't withdraw money to pay for a house purchase assuming it is shared with someone else? That does not sound right to me at all.

ask to see the manager for further explaination.

I went to see the manager oledi... they will escalate my case and talk to higher mgmt...actuali not oni my case...there r many cases..
today i called tat manager again...she said she will attend a meeting to discuss on this issue and will get back to me.. but now oledi 6pm, no answer from her.. i have to go epf branch tmrw morning to see her again... i wan them to give me a definite answer!!!!

---

Added on November 13, 2008, 6:04 pm

you r reali lucky...this new rule was just implemented on 5th nov...

This post has been edited by desperado80: Nov 13 2008, 06:04 PM

TS, pls update us if there is any confirmation from the manager

If you want one drastic solution, than tell them you're going to the press in regards to this matter.

Also, call the call center again and ask in regards to the issue. Get the name of the caller that attended to you. So if you really want to file a complain, there's points of contact; i.e. call center XXX give you this infor and XXX from branhc gives you another set of infor.

Stated very clearly in EPF website


Withdrawal to Purchase a House

This withdrawal allows you to withdraw your savings in Account II to partially finance the purchase of a house either via:

1. Individual purchase; or
2. Joint purchase with spouse/family members only. Joint purchase with other individuals who do not have any family relationship is NOT allowed. Proof of kinship is required to validate your joint purchase.


Refer Here

that's one unfair rule there ... why would EPF care ppl with no 'official' relationship buy house together? So they want to stress that relationship without marriage = no relationship? =_=

Because the scheme intention is for the members to buy house for the family to stay on it. It is not intended for someone buying house using EPF money for investment or other purposes.
You have to ask back as well, why would someone buying house together under joint name that has no relationship or you want to call official relationship in the first place?

Joint name properties is not like joint name bank account whereby joint name account, you can assign either one to operate. Joint properties can't.
Actually it is good to prevent joint name properties as joint name properties can run into a lot of problem/trouble if either one party disagrees on the particular ownership of the house issue, like renting or selling time.
In real life example, there are a lot of issue on joint name properties as well, even in the property section thread that we encounter before.

i dont see this is a problem also...

anyway, whether epf allows or not, it is bad decision to enter a property deal with someone who is not related to you, there is too much issues to be dealt with if things went sour between the two party as the estate is shared equally. A lawyer will will be able to tell you about its disadvantages or if you ponder carefully, the cons are heavily weighted against the pros.

actually it has been like that 15 years ago oredi lor, new rule meh ?

Sorry.. they have updated they website recently due to too many complaints on this matter... furthermore this new rule just implemented since 5th Nov. I wonder y u said since 15 yrs ago??? u may call to their customer service line to clarify... 03 8922 6000

There rules was already there, only recently implemented. They may have closed one eye before this.

I assume there lotsa cases of ownership issue, hence it's now strictly implemented. Well, my assumption only.

Case like this fellow, http://forum.lowyat.net/topic/818945 .

This post has been edited by c9: Nov 14 2008, 11:50 AM

I think EPF is doing the right thing.....if TS why dont you join name and buy house with me....and you draw your epf and i no need to pay single cent......
Will you?

I believe some forumers here have explained the situation clearly.

For example, if you were to buy a house with your mum/bro/sis, there are specific legal provisions on the disposal or transfer of the property BECAUSE YOU ARE RELATED.

So you want to buy a property with your bf, if the relationship turns sour a bf/gf relationship isn't counted in legal terms! Then how do you handle the disposal of the house etc?

The cons are just too many...

i believe its all clear up now. EPF doing this to prevent ppl from buying property as an investment..

huh ? you sure ? oh my god ...pengsan ....

im buying not for investment... its an initial stage for me n my bf to build a home sweet home.. anyhow.. i oledi got my epf $$, epf had approved my application ..they received too many complaints for sudden changed of their rule.. so im the last batch who will get the approval..

I have managed to purchase 1st house property with joint-name (not family related) with both names in the property, then withdraw from both EPF without problem. The last withdrawal was Jan 2008. I am going to withdraw again on Jan 2009. If I can find back this thread, I will update whether it is possible or not

check the small prints perhaps? does it mention any clause such as " we at KWSP has the right to change any terms and condition WITHOUT PRIOR NOTICE" or something like that, if that is so, than you can't do anything0 but I never contribute to KWSP so I am not sure.

we all should have learn something from horror stories of having joint names on a property. the risk is too great.

i am sure government implemented that ruling after receiving many reports on its implication.

i do hope your bf signs an agreement detailing how both of you could amicably settle out things in the event of unfortunate break up. not that i am wishing but i have heard a couple of cases.

This post has been edited by kristal: Dec 11 2008, 10:35 PM

i have this same problem too....

i did my S&P agreement and bank loan in August with my gf....the reason was because during that time, the property was rising so we decided to purchase the property before our marriage....our planning was to purchase the house then met married a year later but this case is giving me a big headache...

i have complained and wrote a letter but there is no news from them yet....before signing the S&P, i did go over to KWSP to enquire about the procedure and got all the info...i followed their procedure and even went there several time before this....but due to some complication with the lawyer, i just managed to get the consent letter for the strata transfer from developer recently....suddenly they told me that i need the marriage cert in order to withdraw without any announcement from them....how can they do this without telling us in advance....

i have thought of signing the cert to solve this problem but getting married is not something you wanna do just to fulfill some stupid requirement....its a lifetime commitment....if we were to get married just because of this issue, it might come back to haunt us in the future...image 10 years from now n when we enter an argument...suddenly anyone of us said " last time i got married to you just because of the house" just out of anger even if we dont mean it....getting married just for this is just not the right thing to do .....

anyone has any idea what i can do?....both of us really need this epf to clear our downpayment....if not i will have to stay paying penalty which is 10% of the house value per year....its a lot of money ....EPF is really pushing me to a corner now....somemore EPF is our own money ....wtf r they doing this to us....they should give us 1-2 months to prepare ourselves before implementation ....

The better solution, buy the house with a single name, solve all the problem

If you bought the house under joint name, then if broke up afterwards, the consequences might be more troublesome than withdrawing the EPF part.

If not broke up, then marry now also make no different, right?

If if thinking of broke up afterwards (as mentioned in your post), it is much better buy with a single name. It doesn't matter the house belonged to whose name if one is trusting each other. If no trust, then better don't buy at all.

You realise that it is a long time commitment in getting married; yet you forgot that buying and servicing a house is also a long term commitment?!
Also you mentioned about getting married because of "fulfill some stupid requirement"....aren't you contradicting yourself in the first place?
Why do you think you want a joint name for a property? Isn't it for both you and your current GF's future?!....

I'm not getting into financial here, it' more about your maturity in thinking.
To the point you are assuming an argument being brought up 10 years later and this "getting married" topic got brought up; are you implying that 10 years from now you're still not married to your current GF, things would be easier?

FYI, in later stage of time when you decided to break off the relationship and do transferring of title and all; it's a much difficult situation regardless of married or not.

Look at this thread for a learner:
http://forum.lowyat.net/topic/818945

And think carefully about your decision! You're planning a future, and it's not only about buying property.

i know its a difficult task....the situation that the other topic encounter is very different from my side....we have plans to get married but its not as simple as going to the office to sign the documents....there r still many families in Malaysia that follow traditions n stuff .....for me, when we get married, we need to oblige the requirements of our parents and its not something can be done in a day....

My meaning of "fullfilling some stupid requirement" is definitely not contradicting myself....dont you think its not right for them to implement this ruling without even making any announcement?....we are talking bout money from the Citizens....they did it the wrong way ...if this is indeed something implemented long ago an i did not fulfill the requirement then its my wrong but they did it without giving us any time to prepare ...then i definitely thinks that its a stupid requirement....

to me this, i understand the importance of this ruling but implementing it as they like which causes so much pain to others is definitely wrong....stuff like these needs time and not suppose to an overnight thing....even the back seat belt ruling was implemented after several months of announcement so that others have time to do it ...

I m not saying that i dont wanna marry my GF...i have already stated that we will be getting married the following year but i just dont wanna propose to her because of such a reason which MAY be brought up in future arguements....i wan her to say yes from her heart and not because of any other reason that will influence her decision....

I totally understand your feeling. Me and my bf insisted not to marry just because of this stupid ruling.. but im a little lucky cz they finally release the $$$$ to us.... but do you knoe that epf will approve all the application that submitted before 21st NOv. when did u apply ?

yup ...the manager told me about it but the problem is i submitted it last friday ....the manager told me that the chances are very very low....she asked me to look for other mean of cash ....wtf....where the hell do i find other means of cash ....but at least she is very nice to explain things to me....not blaming her but i was just damn furious....

now having a big headache ....y do they like to do these things ....i agree that the ruling helps in reducing fraud but at least give us some grace period....

i think worst come to worst you have to register with ur gf already... bear in mind that upon submitting all the document for marriage registration, u stil have to wait for another 21 days ...then oni u could fix a date to register and get the cert. When u submit the marriage cert to epf, thye might take another week to process. So the whole thing might take min 4 weeks before you can get the monies...

second option: you can borrow from your family 1st, then after you guys register only withdraw the $$$... this work if your family member is not in need of $$$$

Still can opt to buy the house in single name (either one), still a way out if can't get EPF money.

hopefully, you will not open new thread in property talk in near future....

wey ...dun be so bad lar...anyway...i wil move in my new house in march/apr...then wil register with my bf in july...
actuali its not tat i do not wan to get married b4 buying a house... im coming from outstation n rent a room currently... so when my parent come to kl they dun actuali have a place to stay... so me n my bf think tat we buy a house first then move in..so can invite my parent to come kl to witness my big day...

hope now everything goes as what we plan...

---

Added on December 16, 2008, 3:26 pmthis is also another solution... but since they have signed the s&p and the bank loan...so if they changed the house to single name..meaning they have to spend few K on the stamping & lawyer fees again...



This post has been edited by desperado80: Dec 16 2008, 03:26 PM

stupid ruling by EPF!!

I just submitted last week. Wait 3 weeks, and let you all know Keep finger crossed.

---

Added on March 4, 2009, 10:51 amEPF new record. Joint withdrawal 2x cheques are released within 2 weeks of submission. Previous around 3 weeks.

It is our 3rd/4th withdrawal. No JPN marriage cert. Only submit form, bank loan balance letter, photocopy IC and thumbprints. No need S&P, etc.

The officer asked for marriage cert that day, we say "tak ada", which may mean we did not bring or don't have

Cheque is address to our bank and account no. Not my name. Will bank in today

This post has been edited by cute_boboi: Mar 4 2009, 10:51 AM

Sorry for bumping up old thread but this could be useful info for some people.

EPF just changed their rules on withdrawing EPF account II fund for purchasing house with someone that has no kinship.
Right now you can buy house with your girlfriend as long as both person are the house buyers and borrowers.



Read more here

This post has been edited by roy918: May 24 2009, 10:41 PM

Thanks for the update. I'm sure this is a relieve to many home purchasers. I welcome this decision too.

some update on withdrawal. recently just got mine withdraw. whole trans took 2 days. provided all files n info is ready.
SPA, MOT...

Random question. Is it possible to put property on single wife's name, and also withdraw from my EPF? Or must be joint name then only I can withdraw?

thanks for sharingg..appreciate it so much!

@taitianhin, your application really fast, mind to share which branch?

several people mentioned that the old rules wouldnt last too long...
the "wouldnt last too long" lasted 2.5 years