Epf Basic Saving 2019

Effective 1 january 2019 the target savings for epf members will be raised from rm228 000 to rm240 000.

Epf basic saving 2019. The fund said in a statement that effective jan 1 2019 the amount will be set as the minimum target epf basic savings members should have upon reaching age 55. The quantum for the basic savings will be revised from the current rm228 000 to rm240 000 the minimum target epf basic savings. The new quantum for the basic savings in epf account 1 will be revised from rm228 000 rm 950 per month for 20 years to rm240 000 rm1 000 per month for 20 years at member s age of 55 years old. For 2019 the epf dividend rate was 5 45 for conventional and 5 00 for syariah savings.

The employee s provident fund has announced a new target amount for basic savings that it hopes each malaysian will be able to save by age 55. Epf announces that the quantum for the basic savings will be revised from the current rm228 000 to rm240 000 effective 1 january 2019. Epf revises up basic savings target to rm240 000. The latest epf basic savings will take effect on jan 1 2019.

Epf sets new target of rm240 000 for basic savings. Kuala lumpur nov 28. The amount will be set as the minimum target epf basic savings members should have upon reaching age 55. The amount will be set as the minimum target epf basic savings members should have upon reaching age 55 the pension fund said in a.

Save my name email and website in this browser for the next time i comment. For the conventional fund the rate is the lowest it has been since 2008 where the dividend was at 4 5. The employees provident fund epf will be revising the quantum for basic savings from the current rm228 000 to rm240 000 effective jan 1 2019. According to epf the basic savings refer to the amount that is considered sufficient to support members basic retirement needs for 20 years from age 55 to 75 aligned with the malaysian life expectancy.

New epf basic saving 2019.