Invest in Unit Trust using your EPF savings?
Yes, you can use your EPF savings to invest in unit trust.
EPF Members' Investment Scheme
Since November 1996, all eligible EPF contributors are allowed to withdraw part of their savings to invest in unit trusts through external fund managers appointed by the Ministry of Finance.
MAAKL MUTUAL is an officially appointed Fund Management Institution that offers the EPF Members’ Investment Scheme. Your investment in this scheme will allow diversification of your EPF savings into many possible investment portfolios.
MAAKL MUTUAL is an officially appointed Fund Management Institution that offers the EPF Members’ Investment Scheme. Your investment in this scheme will allow diversification of your EPF savings into many possible investment portfolios.
Source: MAAKL
Eligibility & Requirement
- All investments must be made through the Fund Management Institutions (FMIs) approved by the Ministry of Finance
- Investments can be made at a three-month interval from the date of the last transfer, subject to balance of savings in Account 1
- Subsequent investments may be made with the same FMI or other approved FMI. However, members can only invest through one FMI at a time.
Required Basic Savings in Account 1 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Example of How To Calculate The Allowable Investment Amount |
Member | Age | Savings in Account 1 (RM) | Basic Savings (RM) | Computation: Savings inAccount 1 – Basic Savings X 20% | Member's Eligiility |
A | 22 | 4,000 | 7,000 | – | Not qualified as the savings is lesser than the basic savings required. |
B | 22 | 8,000 | 7,000 | (8,000-7,000) x 20% = RM200 | Not qualified as the savings is lesser than the required minimum investment amount of RM1,000. |
C | 25 | 20,000 | 13,000 | (20,000-13,000) x 20% = RM1,400 | Qualified as the savings is more than the basic savings and minimum limit. |
D | 40 | 40,000 | 69,000 | – | Not qualified as the savings is lesser than the basic savings required. |
E | 45 | 120,000 | 102,000 | (120,000-102,000) x 20% = RM3,600 | Qualified as the savings is more than the basic savings and minimum limit. |
List of Approved Funds
Manulife - updated for 2014/2015
MAAKL - updated for 2014/2015
Souce: KWSP
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