A private-hire driver took a laptop that a passenger accidentally left behind and lied that he had not seen it.
KUALA LUMPUR: The Employees Provident Fund ’s decision to allow its members the option to move their contribution in Account 3 to Account 1 or 2 or both is welcomed, say financial experts.
Hijrah Wealth Management Sdn Bhd founder and principal consultant Rohani Mohd Shahir said a reform to meet the request of some members might not be suitable for everyone, especially in the context of Account 3. “If a member decides not to utilise Account 3, they will not have an option of withdrawing retirement savings from that account in the event of an emergency.
“Those who choose this option should have alternative emergency funds or already be practising monthly savings apart from EPF savings,” she told Bernama. Rohani said Account 3 is advantageous for contributors to withdraw funds for emergencies without resorting to other avenues such as loan sharks or burdensome loans. However, she said members must have the discipline not to misuse this facility for other purposes other than emergencies as that would be detrimental to their future retirement needs.
Employees Provident Fund Account 3
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
EPF Account 3: How to transfer funds to Account FleksibelEPF is allowing members to withdraw funds from Akaun Fleksibel which starts from RM0. Here's how you can transfer funds from Account 2 to 3 with KWSP i-Akaun.
Read more »
Follow This Simple Guide To Transfer Your EPF Savings From Account 2 To Account 3Easy peasy lemon squeezy.
Read more »
EPF Account Fleksibel: What is the withdrawal limit for Account 3?It was reported that EPF Akaun Fleksibel withdrawals are limited to RM250/day. Is this true? Here's what you need to know EPF Account 3 withdrawals via i-Akaun.
Read more »
Over RM8bil in EPF transfers from Account 2 to Account 3, says CEOA private-hire driver took a laptop that a passenger accidentally left behind and lied that he had not seen it.
Read more »
EPF Account 3 to allow hassle-free RM250 maximum withdrawal per dayWe have gone past ‘global warming’ and moved on to ‘global boiling’ at this point.
Read more »
Not many keen on using EPF Account 3MUNICH, Germany (Reuters) - Departing Bayern Munich coach Thomas Tuchel opted on Sunday to quietly slip into the changing rooms instead of joining his players to celebrate the final home match of the season with the fans after the Bavarians beat VfL Wolfsburg 2-0.
Read more »