How to Make Withdrawal from your EPF account for Investment?

This withdrawal allows you to withdraw part of your savings in Account 1 for investments to increase your retirement fund to support your life after retirement. You are allowed to invest not more than 20% of the total amount in excess of your Basic Savings in Account 1 through Appointed Fund Management Institutes approved by the Ministry of Finance.

Basic Savings is a pre-determined savings amount in your Account 1 according to your age to enable you to achieve a minimum savings amount of RM120,000.00 when you are 55 years old. The savings cannot be withdrawn until you are 55 years old.

For further details on Terms and Conditions, Eligibility, Withdrawal Amount Eligibility, The Basic Savings Schedule, Approved Fund Management Institutes and etc., please refer to http://www.kwsp.gov.my/ or visit any EPF office.

Notes: I would prefer either Tabung Haji or PNB as my selected Fund Management Institutes.

Should you have any enquiry or require additional information regarding this withdrawal, kindly contact:

·         Any EPF Office nearest to you;

·         The EPF Call Management Centre (CMC) at: 03-8922 6000

·         Customer Feedback: http://enquiry.kwsp.gov.my

MAIN DOCUMENTS

1.    KWSP 9N (AHL) Application Form.

2.    The latest EPF Statement

3.    Personal Identification Card

a)    MyKad / Military Identification Card / Permanent Resident Identification Card (MyPR)

OR

b)    Police Identification Card AND Verification Letter from Employer stating that the Police number and Identification Card number refer to the same person (if without MyKad)

OR

c)    Passport. If the member is not a Malaysian citizen and has become an EPF member before 1 August 1998.

(EPF reserves the rights to request any additional documents if required and reject any incomplete applications and do not comply with the terms and conditions.)

Notes: Please get the form and statement from EPF Office as the printed forms downloaded from EPF website are not accepted.

SUMMARY

1.    Please check the details at http://www.kwsp.gov.my/ or visit any EPF office before you proceed with the withdrawal.

2.    You are advised to check your Account 1 balance and withdrawal eligibility before applying and complete only one form for every withdrawal made.  You can check your withdrawal eligibility amount at EPF Office OR if you have registered i-Akaun, you can calculate it by yourself.

3.    Always remember that the investment amount transfer falls under your responsibility and withdrawal cancellation after the approval is not allowed.

4.    Submit the completed application form and all the required main documents through any of the selected Fund Management Institutes.

5.    The Fund Management Institutes will then submit your application to EPF for processing.

6.    EPF will transfer the applied invested amount from your savings directly to the relevant Fund Management Institutes.

7.    You will receive letters from Fund Management Institutes and EPF.

8.    Check your next EPF statement.

Source from : http://www.kwsp.gov.my/