EPF: Members Cannot Place All Their Monthly Contributions Only Into Account 3

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However, members may voluntarily contribute up to RM100,000 per year, which will be split into all three accounts based on the new ratio.

news EPF : Members Cannot Place All Their Monthly Contributions Only Into Account 3 Cover image via Ahmad Ukasyah/New Straits Times Follow us on Instagram, TikTok, and WhatsApp for the latest stories and breaking news.

This policy change prompted a flurry of questions from the public, which SAYS answered in an explainer after speaking to an EPF spokesperson last week. Read our explainer here. Additionally, members also don't have the option to transfer money from Account 1 to Account 2 or Account 3 because Account 1 is primarily intended for your retirement.From Transfer Options To Dividends: Answering All Your Burning Qs About EPF's Account 3 No, you cannot opt out.

Read the full story 3 Chinese Semiconductor Companies Are Coming To Penang With USD100 Million Investment The investment is aimed at boosting Malaysia's chip industry.

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