EPF’S Account 3: Avoid impulsive withdrawals, financial planning crucial
By Erda Khursyiah Basir KUALA LUMPUR: The ability for Employees Provident Fund (EPF) contributors to withdraw funds from Account 3, especially upon retirement, presents both opportunities and challenges. While the new account, officially called ‘Akaun Fleksibel’ aims to assist members in establishing an emergency fund for their future, the risks far outweigh the benefits, especially […]
Introduction of EPF Account 3 can help contributors during emergency: Expert
KUALA LUMPUR: The introduction of the Employee Provident Fund’s (EPF) Account 3 or Flexible Account is seen as one of the institution’s alternatives to meeting the emergency needs and funds of its contributors in tackling life’s challenges before retiring. Bank Muamalat Malaysia Berhad Economics and Social Finance head Mohd Afzanizam Abdul Rashid said EPF has […]
Mixed reactions on EPF’s Account 3
BY VIVYNNA ANN CHABU KUCHING: The restructuring exercise to have Account 3 for the Employees’ Provident Fund (EPF) has received conflicting opinions within the local community. The EPF has revealed the specifics of Account 3, a new account that allows members to withdraw funds whenever they choose. It seeks to assist persons in sustaining their […]
Financial planner highlights EPF Account 3 withdrawal benefits and impacts
BY NURFARAHIN BINTI OKI KUCHING: The proposed withdrawal strategy from EPF’s Account 3 to reinvest in Accounts 1 and 2 could have multifaceted effects on the local economy, according to financial planner Kenson Cheong Kwang Siang. Cheong noted that the Employees’ Provident Fund (EPF), particularly Account 3, offers flexibility in response to the evolving financial […]
