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Epf new basic savings table 2019.
Epf basic savings table 2017. Basic saving rm29 000 epf acc1 amount 100k. The employees provident fund epf announces that the quantum for the basic savings will be revised from the current rm228 000 to rm240 000 effective 1 january 2019. Like facebook page add friend follow me on. The amount will be set as the minimum target epf basic savings members should have upon reaching age 55.
Effective jan 1 2017 the eligible amount members will be allowed to invest under the epf mis has been increased to up to 30 in excess of their basic savings from account 1 from the current 20. Top recruiter contest 2017 dua kali champion top recruiter 2016 ifp certification like facebook page. New basic savings quantum begins january 2019. Kumpulan wang simpanan pekerja kwsp hari ini mengumumkan bahawa kuantum baharu simpanan asas akan dinaikkan daripada rm228 000 kepada rm240 000 bermula 1 januari 2019 jumlah ini akan ditetapkan sebagai jumlah sasaran simpanan minimum ahli perlu ada apabila mencecah umur 55 tahun.
Basic saving rm27 000 epf acc1 amount 100k eligible amount rm100 000 rm27 000 x 20 rm14 600 year 2017 age 30. Required fields are marked. This amount which was set at rm228 000 previously is the minimum. Epf new basic savings table 2019.
Year 2016 age 30. The new quantum for the basic savings in epf account 1 will be revised from rm228 000 rm 950 per month for 20 years to rm240 000 rm1 000 per month for 20 years at member s age of 55 years old. Updated oct 5 2016. The employees provident fund epf has increased its basic savings quantum to rm240 000 effective jan 1 2019.
To try to avert a retirement crisis the employees provident fund epf has increased the minimum savings of its members at age 55 from rm196 800 to rm228 000. The last time the minimum basic savings was increased was in 2014 january 1. Top recruiter contest 2017 dua kali champion top recruiter 2016 ifp certification like facebook page. Your email address will not be published.
The minimum savings have been adjusted every three years to reflect the rising inflation. Kuantum baharu simpanan asas bermula januari 2019. Kuala lumpur 28 november 2018. The new quantum is benchmarked against the minimum pension for public sector employees.
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