From April 1, 2022, you can apply for a RM10,000 special EPF withdrawal.
Starting April 1, 2022, members under the age of 55 can apply for a special RM10,000 withdrawal facility from the Employees Provident Fund (EPF).
According to the EPF, the application deadline is April 30, 2022, and payment will begin on April 20, 2022.
Members can withdraw up to RM10,000 and a minimum of RM50, however they must first use up their savings value in Account 2 before they can access their savings in Account 1. More information will be available soon.
Prime Minister Datuk Seri Ismail Sabri Yaakob said today at a special press conference that the government is enabling the extraordinary EPF withdrawal facility to help Keluarga Malaysia still impacted by the Covid-19 outbreak.
Since the pandemic two years ago, the government had previously approved three withdrawal facilities, namely i-Lestari, i-Sinar, and i-Citra, which totaled RM101 billion and involved 7.34 million participants.
Pre-retirement withdrawals were established as a temporary remedy to assist members affected by movement control orders as a result of the epidemic.
