EPF withdrawal up to RM10k

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KUALA LUMPUR: Employees Provident Fund (EPF) members can now withdraw up to RM10,000 from their Account 1.Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz said the i-Sinar facility was now widened to all EPF members who lost their jobs or whose income suffered due to the pandemic. “No matter if they are members from the formal sector or self employed, active contributing members or otherwise, as long as their income has been greatly affected, they can withdraw from the Account 1 savings.“Currently, only two million members qualify for the i-Sinar facility but now it has been extended to more than eight million members. “Apart from that, each member was only allowed to withdraw up to RM9,000 but now they can withdraw up to RM10,000, ” said Tengku Zafrul in his winding up speech on Budget 2021.This was met with thunderous thumps on the table by lawmakers who were happy …