EPF Members Investment Scheme
About EPF Members Investment Scheme
EPF Members Investment Scheme is an investment solution provided by AmBank, which has a range of investment instruments, giving you the tools & opportunities to maximize your Employees Provident Fund (EPF) savings.
EPF members with excess funds in their Account 1 (at least RM5,000 more than the Basic Savings required amount) can invest part of this savings through external fund managers appointed by EPF.
Based on the respective age bracket, there is a basic savings amount required to be maintained in your Account 1. This is to enable you to achieve a minimum of RM196,800 when you reach 55 years old (based on your Birth Date). You may not be able to withdraw this amount until you are 55 years old.
This facility is subject to rules and regulations of EPF.
On average, Malaysians are now living longer. This means that planning ahead for your retirement goals & lifestyle is becoming more important than ever. This also means having to look beyond your EPF savings to meet your desired lifestyle & needs at retirement.
With this scheme, we will work with you in creating tailored investment strategies best suited to your circumstances – based on your retirement goals, risk profile & your current financial circumstances.
The amount that you can withdraw is based on the following:
- 20% of excess funds in Account 1 above the Basic Savings required amount by age (See Table 1)
- Every 3 months after the last disbursement date.
- The minimum amount for investment withdrawal is RM1,000.
Formula
(Total Balance in Account 1 - Total Basic Savings) x 20% = Permitted Amount for Investment
See Table 2 for examples of calculations
