EPF Investment Scheme

Obtained from http://www.kwsp.gov.my/



Member's Investment Withdrawal Eligibility

Effective 1 November 2007

Basic Savings is an amount to be put aside in Account 1 progressively at various pre-determined age levels to enable a member to accumulate a minimum savings of RM120,000 at age 55.



Conditions For Investment Withdrawal
Effective 1 February 2008, members can invest not more than 20% of their credit in excess of Basic Savings in Account 1 in products through approved external fund managers.
The minimum amount of savings that can be withdrawn is RM 1,000 and can be made at intervals of three months from the date of the last transfer, subject to the availability of the Basic Savings required in Account 1.
There are no other changes in conditions for the Member’s Investment Withdrawal.
Please refer to the Appendix for the Basic Savings Table and examples of allowable withdrawal for the Member’s Investment Withdrawal.




How to Make Withdrawal
Before submitting the withdrawal application, you must obtain 'Penyata Caruman Yang Boleh Dilaburkan' from any EPF office. To obtain it, you need to produce your Identification Card at the counter. Enquiries made through the telephone or e-mail will not be entertained.
Your request will only be entertained if you are eligible to make an investment withdrawal at that particular time. You then need to open an investment account with the chosen fund manager (unless you already have an account with that fund manager).

Documents needed for submission to the fund manager are:
Form KWSP 9N (AHL) which is duly completed;
'Penyata Caruman Yang Boleh Dilaburkan' statement; and
Member's Identification Card/Smart Card or Police Identification Card :
For Police Identification Card holder, please produce a letter from Police Department confirming your Identification Card number.
For Smart Card holder, please produce a photocopy of your Smart Card and affix your right and left thumb impression on the copy.
'Amaun yang dipohon' field on the form should be filled in after members have discussed with the respective fund manager on the amount that they wish to invest on condition that the amount does not exceed the maximum amount allowed. The fund manager will submit the duly completed Form KWSP 9N (AHL) to the EPF to be processed.
It is important that you fill up the right forms correctly and make sure that all your supporting documents are in order. This is to avoid unnecessary delays in the processing of your application.
Please take note that thumbprint impressions are required for the application form and MyKad photocopy. You must use the thumbprint pad that is specifically meant for making thumbprint impressions. Use of other types of materials such as the inkpad for rubber stamps is not acceptable by the EPF.