Close to RM7bil withdrawn from flexible EPF account, Dewan told

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PETALING JAYA: Close to RM7 billion had been withdrawn from the flexible third EPF account as of June 10, the Dewan Rakyat was told.

Prime Minister Anwar Ibrahim, who is also the finance minister, said a total of RM6.98 billion had been withdrawn by some 2.93 million EPF members.Anwar also said that EPF had approved applications by 3.45 million members from the same age group to transfer an initial amount from Akaun Sejahtera or Account 2 to the flexible account, involving a sum of RM10.86 billion.

On May 11, EPF announced that monthly contributions would be split three ways: 75% into Account 1 , 15% into Account 2 , and 10% into Account 3 .Members have the option of transferring a portion of their Akaun Sejahtera savings to Akaun Fleksibel for immediate access.

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