RETIREMENT
This refers to employees from the private sector (formal and non formal) or government sector who contribute under the Employees Provident Fund (EPF) scheme. EPF retirement savings can be withdrawn at three stages: Withdrawal at age 50 Withdrawal at age 55 Withdrawal at age 60
EPF allows partial withdrawal of retirement savings when you reach the age of 50 as a pre-retirement withdrawal. Key details: Application can only be made once For members aged 50–54 years Withdrawal can be partial or full from the Sejahtera Account
When you reach age 55, all EPF accounts (Retirement Account, Sejahtera Account, and Flexible Account) will be consolidated into a single account known as Account 55. You may choose to: Keep the savings in Account 55 so it continues to generate annual dividends Withdraw partially Withdraw all savings from your EPF account
Contributions made after age 55 will be placed into the Akaun Emas (Gold Account). What is Gold Account? Gold Account is an account created once members reach age 55. Contributions after age 55 can only be withdrawn when members turn 60.