Account 3 News Today

BIG and complicated issues don’t just appear overnight. These issues compound a little at a time and snowball into a large mess that would take great effort, time, and resources to resolve.

IT is important for Employees Provident Fund (EPF) contributors to evaluate their financial situation and needs before signing up for the new EPF initiative as it may affect their retirement funds, says Wanita MCA.

AFTER the Employees Provident Fund (EPF) announced that it would be introducing the new Account 3 on May 11, some online users have been worried that this new account would impact the dividends they receive.

PETALING JAYA: The latest initiative by the Employees Provident Fund (EPF) to restructure accounts will not have much short-term impact on prospective homeowners, says Real Estate and Housing Developers Association (Rehda) president Datuk NK Tong.

PETALING JAYA: The Employees Provident Fund’s (EPF) introduction of Account 3 has divided many over the new financial decision they have to make in the coming months.

PETALING JAYA: The Employees Provident Fund (EPF) has launched Account 3 with members given a one-time opt-in option to transfer funds from their Account 2 to the newly launched "Akaun Fleksibel".

PETALING JAYA: Employees Provident Fund (EPF) members can make withdrawals of a minimum amount of RM50 from Account 3 or "Akaun Fleksibel" at any time for any purpose.

PETALING JAYA: While some contributors laud the EPF's initiative for Account 3 to allow them the flexibility to withdraw funds, others are determined not to touch their savings.

WITH the announcement that the Employees Provident Fund (EPF) will be introducing the new Account 3 on May 11, there has been some confusion if and when contributors can withdraw from it.

KUALA LUMPUR: As of January, 94,827 or about 35% of the 274,715 Employees Provident Fund (EPF) members aged 54 have less than RM10,000 in their savings.