FROM POLA SINGH Kuala Lumpur
PETALING JAYA: This could be a factor in the increase in Employees Provident Fund members who are voluntarily contributing more to their account: The user-friendly and interactive KWSP i-Akaun app that helps you manage your EPF savings easily.
The app allows members to see their total savings for both Account 1 and Account 2 right away, along with the yearly dividend rates credited into the account.An interesting feature is a retirement savings calculator with which members can calculate their estimated total savings by age 55. After keying in the estimated increments, annual bonuses and current salary, the calculator will show how much can be withdrawn monthly after retirement.And the app makes voluntary contributions easily too. Members can contribute more beginning with just RM10 from their bank accounts.Self-employed individuals can sign up for the i-Saraan voluntary contribution initiative.
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