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Ideas warns that the government’s recent decision to allow another withdrawal of up to RM10,000 from EPF savings risks leaving even more EPF contributors with insufficient savings once they reach retirement.
Ideas warns that the government’s recent decision to allow another withdrawal of up to RM10,000 from EPF savings risks leaving even more EPF contributors with insufficient savings once they reach retirement.
Focus
EPF withdrawals should be a last resort policy - Ideas
SHAH ALAM - The Institute for Democracy and Economic Affairs (Ideas) believes that the withdrawal of...
Expressing his concern for Malaysia's ageing society, Malaysian Healthy Ageing Society adviser Professor Nathan Vytialingam said retirees will need every penny they could save in order to sustain a healthy lifestyle that can help reduce the risk of falling sick. - Picture credit of Malaysian Healthy Ageing Society
Expressing his concern for Malaysia's ageing society, Malaysian Healthy Ageing Society adviser Professor Nathan Vytialingam said retirees will need every penny they could save in order to sustain a healthy lifestyle that can help reduce the risk of falling sick. - Picture credit of Malaysian Healthy Ageing Society
Exclusives
Lack of retirement savings greatly impacts healthcare in your golden years
SHAH ALAM - The lack of retirement savings will greatly affect the quality of health care as one...
Lack of retirement savings could lead to social crises such as homelessness according to economists. - Picture courtesy of Johor Bahru City Council
Lack of retirement savings could lead to social crises such as homelessness according to economists. - Picture courtesy of Johor Bahru City Council
Exclusives
Further EPF withdrawals could even lead to homelessness, warns experts
SHAH ALAM - It is extremely challenging to recoup retirement savings, especially monies from the...
Finance Minister Datuk Seri Zafrul Aziz says due to emergency he could not attend the Dewan Rakyat sititng this morning.
Finance Minister Datuk Seri Zafrul Aziz says due to emergency he could not attend the Dewan Rakyat sititng this morning.
National
Zafrul Aziz denies resigning from his finance post
SHAH ALAM - Finance Minister Datuk Seri Zafrul Aziz has denied resigning from his post after news of...
6.3 million of 14 million contributors have lesser than RM10,000 in savings
6.3 million of 14 million contributors have lesser than RM10,000 in savings
National
Economists warn 'society of poverty' if early EPF withdrawal continues
SHAH ALAM: Two economists warned early retirement fund withdrawal would create a "society of...
Financial Expert, Professor Dr Mohamad Fazli Sabri said, contributors should make advance planning on how to utilise the funds before withdrawing their EPF savings. - Bernama Photo
Financial Expert, Professor Dr Mohamad Fazli Sabri said, contributors should make advance planning on how to utilise the funds before withdrawing their EPF savings. - Bernama Photo
National
Do not rush to take out EPF savings, cautioned financial expert
SHAH ALAM - An expert has recommended that Employee Provident Fund (EPF) contributors do not...
EPF says latest special withdrawal initiative of RM10,000 announced by the government on Wednesday, should be the last scheme.
EPF says latest special withdrawal initiative of RM10,000 announced by the government on Wednesday, should be the last scheme.
National
This fourth special withdrawal should be the last - EPF
SHAH ALAM - The Employees Provident Fund (EPF) said the latest special withdrawal initiative of...
Photo for representational purpose only
Photo for representational purpose only
National
Bosses against RM10,000 EPF blanket approval - MEF
SHAH ALAM - Bosses are saying that the RM10,000 special withdrawal from the retirement fund should...
BNM said the loss of confidence in the ringgit and domestic government bond market will result in a huge cost to Malaysia, especially as the country is part of the international financial market. - 123RF Photo
BNM said the loss of confidence in the ringgit and domestic government bond market will result in a huge cost to Malaysia, especially as the country is part of the international financial market. - 123RF Photo
National
Policies, measures beyond Central Bank's mandate will dampen investors' confidence
KUALA LUMPUR - The implementation of policies and measures that go beyond Bank Negara Malaysia’s...
PM Datuk Seri Ismail Sabri Yaakob has allowed the EPF withdrawal of RM10,000 but cautioned depositors to do so wisely. - Bernama Photo
PM Datuk Seri Ismail Sabri Yaakob has allowed the EPF withdrawal of RM10,000 but cautioned depositors to do so wisely. - Bernama Photo
National
More M'sians allowed to tap into EPF, withdrawal ceiling raised to RM10,000
SHAH ALAM: Prime Minister Datuk Seri Ismail Sabri Yaakob today announced that Malaysians will be...
New
People walk past posters campaigning for Democratic presidential nominee, US Vice President Kamala Harris are seen on a wall along twelfth street on November 04, 2024 in Philadelphia, Pennsylvania. - File photo by AFP
People walk past posters campaigning for Democratic presidential nominee, US Vice President Kamala Harris are seen on a wall along twelfth street on November 04, 2024 in Philadelphia, Pennsylvania. - File photo by AFP
Harris needed Hawaii vacation after losing presidential election - White House
American singer Bruno Mars and K-pop singer Rose in the music video of Apt. Photo: ROSE/YOUTUBE
American singer Bruno Mars and K-pop singer Rose in the music video of Apt. Photo: ROSE/YOUTUBE
Rosé, Bruno Mars to perform viral hit for first time
In Dewan Rakyat yesterday, Anwar explained the government’s new strategy to reduce overseas travel expenses was to invite companies such as Petronas, Proton, and others to participate. - Photo credit: Anwar Ibrahim/Facebook
In Dewan Rakyat yesterday, Anwar explained the government’s new strategy to reduce overseas travel expenses was to invite companies such as Petronas, Proton, and others to participate. - Photo credit: Anwar Ibrahim/Facebook
Govt saves nearly RM1 million in Anwar's flight cost for visits to five countries - Fahmi
Abang Adik has garnered recognition at prestigious events such as the 37th Fribourg International Film Festival in Switzerland and the First Film Festival in China. - File photo
Abang Adik has garnered recognition at prestigious events such as the 37th Fribourg International Film Festival in Switzerland and the First Film Festival in China. - File photo
Abang Adik wins best film award in Los Angeles
Britain's King Charles III. Photo by Thibaud Moritz/AFP
Britain's King Charles III. Photo by Thibaud Moritz/AFP
King Charles' coronation cost £72 million, government accounts show
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King Charles' coronation cost £72 million, government accounts show
Britain's King Charles III. Photo by Thibaud Moritz/AFP
Britain's King Charles III. Photo by Thibaud Moritz/AFP
Police collect over RM1 million in discounted summonses on first day of 2TM programme
Photo for illustrative purposes only. Bernama FILE PIX
Photo for illustrative purposes only. Bernama FILE PIX
Abang Adik wins best film award in Los Angeles
Abang Adik has garnered recognition at prestigious events such as the 37th Fribourg International Film Festival in Switzerland and the First Film Festival in China. - File photo
Abang Adik has garnered recognition at prestigious events such as the 37th Fribourg International Film Festival in Switzerland and the First Film Festival in China. - File photo
One dead, one injured in Australian helicopter crash
Photo for illustrative purposes only - Canva
Photo for illustrative purposes only - Canva
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