Starting May 11, EPF members can transfer a fixed ratio of their Account 2 savings to Account 3 (Fleksibel) until August 31, 2024. This one-time option enables members to kickstart their new Account 3. However, if members choose not to opt in, their Account 2 balance remains unaffected.
New EPF ratio for account 1,2,3
EPF clarified this policy change amid public inquiries addressed by SAYS in an explainer. EPF allows voluntary contributions up to RM100,000 annually, but contributions can’t be solely directed to Account 3.
Contributions follow a new ratio: 75% to Account 1, 15% to Account 2, and 10% to Account 3 (Fleksibel). Transfers between accounts aren’t permitted to safeguard retirement funds.
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