Only 3% Malaysians can afford to retire, EPF says


Those who have dipped into their EPF savings will need to work an extra four to six years to cover the amount withdrawn over the past two years.– The Malaysian Insight file pic, October 31, 2021.

THE Covid-19-related withdrawals over the past two years have had a massive impact on the savings of Employees Provident Fund (EPF) contributors, as currently, only 3% of them can afford their retirement.

EPF chief strategy officer Nurhisham Hussein said the i-Sinar, i-Lestari and i-Citra withdrawals have caused many under-50s members to have critically low savings.


Effective July 2018, access to full reports will only be available with a subscription. Sign-up now and enjoy one (1) week free access!

Subscribe Now!


Sign up or sign in here to comment.


Comments