The Employees Provident Fund (EPF) has disbursed a substantial RM708 million Government’s Additional Contribution Incentive to 1.4 million members aged between 40 and 55. This one-time RM500 incentive targets those with EPF savings of RM10,000 and below in their Account 1 as of Feb 24, 2023, aiming to bolster retirement savings for individuals nearing the golden years.
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1.4m EPF members
Introduced during the Budget 2023 announcement, the incentive aligns with EPF’s mission to enhance savings adequacy and contribute to a resilient financial future. Members can access additional details on the EPF website or contact the management center for further assistance.
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