How much can you withdraw?. However, there must be at least RM100 remaining in Account 1 after the withdrawal. According to EPF, this is to maintain the status of an active member.
As shown in the above example, the withdrawal will fully utilise Account 2 first before utilising Account 1 if there’s insufficient balance. If you don’t have RM150 in total , you are not eligible to withdraw.After making the withdrawal, you do not need to increase your monthly EPF contribution for repayment. However, the percentage of subsequent EPF contributions will be prioritised to Account 1 until it has been replenished with the desired amount.
According to the EPF, the replenishment of Account 1 will include an additional 20%. This means if you have withdrawn RM10,000, EPF will set to replenish a total of RM12,000 to Account 1 before resuming the usual distribution of 70% to Account 1 and 30% to Account 2 for your subsequent EPF contributions.
To recap, Account 1 is meant for retirement, while Account 2 can be used for other purposes including housing, medical, reducing loan repayment, education and haj.
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