Published on March 5, 2014
EPF Member Investment Scheme for Unit Trust Presented by: M Khairul Shaleh B Eng, MSc, FIMM
Introduction With the rising inflation rate and living standard, it is important that you • invest to increase your retirement savings and • to avoid a significant decrease in your future purchasing power. Consider investing via EPF Members Investment Scheme to help achieve your retirement goal.
What is EPF Member Investment Scheme? • EPF Member Investment Scheme allows EPF members to invest 20% of the amount in excess of the required Basic Savings in Account 1 through an appointed unit trust management company by the Ministry of Finance.
Benefits of Investment through EPF Members Investment Scheme • No Cash Investment Required – Investment is transacted from your EPF Account 1. • Diversification – Opportunity to diversify your retirement funds with EPF-qualified unit trust funds. • Overseas Investment Exposure – Diversity abroad with domestic funds that can invest up to 30% of the fund’s net asset value in foreign markets. • Capital Appreciation – Opportunity to reap capital growth as part of the return on your investment to boost the total value of your EPF savings.
How to Invest? • The amount that can be invested is 20% of the savings in excess of the Basic Savings required in Account 1. • Minimum investment is RM1,000. • Investments can be made once every three months. • Sales Charge per unit – up to 3% of net asset value per unit as regulated by the EPF.
Find Out if You Qualify • Check your account balance at any EPF Smart Kiosk* nationwide by using your Mykad or; • Refer to your latest EPF statement or; • Log on to EPF website (www.kwsp.gov.my) if you are an i-Akaun registered user.
Required Basic Savings in Account 1 Example: Mr A is 35 years old. From his EPF latest statement, the amount in his Account 1 is RM80,000. According to the above Basic Savings table, his basic savings required in Account 1 is RM46,000. This means he is qualified to withdraw the minimum RM1,000 and maximum RM6,800 from his EPF savings to be invested in unit trust. CALCULATION: (RM80,000 – RM46,000) X 20% =RM6,800
To Learn More Contact: firstname.lastname@example.org FB – MKhairul Shaleh SMS/Whatapps 019 6661250 “We Give You Idea, You Give Your Commitment”
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