The Workers’ Provident Fund (EPF) lately published additional main points in regards to the 2022 Particular Withdrawal which permits participants to withdraw as much as RM10000. Taking to its legit Fb web page, the statutory frame published that just one unmarried cost will likely be made to participants below the scheme, ranging from 20 April 2022.
To be eligible for the Particular Withdrawal, participants should be below 55 years outdated and feature a minimum of RM150 ultimate of their EPF accounts. But even so Malaysian voters, the scheme is to be had for non-Malaysian voters too, together with Everlasting Citizens.
Moreover, EPF additionally introduced that eligible participants can withdraw no less than RM50 all of the manner as much as RM10000 below the scheme. Withdrawals may also be deducted from EPF participants’ Account 2 and can handiest get started deducting from participants’ Account 1 if the steadiness in Account 2 has been exhausted.
EPF additionally lets in for withdrawal of as much as RM10000 provided that its participants would nonetheless have a minimum of RM100 steadiness of their Account 1 after the withdrawal. Additionally, as soon as the applying has been despatched with the member’s desired withdrawal quantity, the applying can’t be amended or cancelled.
The statutory frame additional introduced that the 2022 Particular Withdrawal will likely be given perfect precedence these days, in comparison to different EPF withdrawal packages by means of its participants. But even so that, EPF additionally reminded its participants to accomplish a couple of easy duties in an effort to make sure that a clean software procedure.
Those come with updating their profiles with their newest cell phone quantity, checking their present EPF account steadiness and to make sure that their financial institution accounts related to EPF are these days lively. Moreover, participants also are reminded to test whether or not their EPF accounts are registered below their very own title and now not a joint account or an organization account.
It is because the 2022 Particular Withdrawal is handiest appropriate for EPF worker accounts below a person’s title. For EPF participants that don’t have any financial institution accounts, the statutory frame mentioned that those people can nonetheless follow however make a selection a unique way of cost. For more info, EPF mentioned that it’s going to be publishing Regularly Requested Query (FAQ) segment quickly.
What do you guys call to mind EPF’s newest data at the 2022 Particular Withdrawal? Would you be making use of for the scheme?
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