MAY 15 — The Malaysia Madani government needs to carefully reconsider its decision on the implementation of the EPF Account 3 also known as Akaun Fleksibel. It must take into...
Observers say PM Anwar's meeting with Hamas leaders in Qatar amid US scrutiny of financial ties could provoke West to act against Malaysia
Wanita MCA said EPF savings should be reserved for retirement purposes as much as possible. — Bernama pic Compelling every EPF contributor under the age of 55 years to automatically open Account 3, instead of providing an option for members to voluntarily open the Akaun Fleksibel, ignores the reality that not all members need or want to withdraw their savings prematurely. It is instead a disguised “enticement” for members to deplete their savings for old age at an early stage as cautioned by Bank Negara.
To ensure that the basic living needs of the people are met, the government should implement effective price control measures, especially for essential goods, to ensure price stability. Through tax policies and subsidy programmes, alleviate the financial burden of low and middle-income households so that they can better cope with life pressures.
EPF Account 3 EPF Account Fleksibel
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Follow This Simple Guide To Transfer Your EPF Savings From Account 2 To Account 3Easy peasy lemon squeezy.
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