Good News for Young EPF Contributors
Recently KWSP has lay-off the stringent rules on EPF investors on Unit Trust. This move is warmly welcomed by many young malaysians. During Good Old days it is compulsory to have minimum RM 55K in account 1 before performing withdrawals on Unit Trust Investment (20% of the remainder in Acct 1), However after the lay-off, the minimum amount is only RM20K in account1 and remainder (20% for each withdrawals) is required, this is also tied to one’s age group. So on top of savings & real estates, one can look into EPF withdrawals to diversify your investment goals. Good Luck. If you require the chart for withdrawals - please contact me directly vilves.kesavamurthy@gmail.com !
