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Savings For Retirement, Not For Anything Else

P. Gunasegaram, Independent Business Writer

10-May-23 08:30

Savings For Retirement, Not For Anything Else

The EPF has been constantly in the news since the pandemic hit in 2020 - from the various special Covid-19 withdrawal schemes to proposals to allow members to use their savings as collateral for loans. More recently, a workers’ union group wants employers’ EPF contribution increased from 13% to 20%; and PM Datuk Seri Anwar Ibrahim wants the fund to increase its domestic investments from the current 64% to 70%. Independent business writer P Gunasegaram unpacks what all these mean.

Image by: Shutterstock

Produced by: Mark Tan

Presented by: Keith Kam, Shazana Mokhtar, Mark Tan

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Categories:  governmentinvestmentsfinancial wellnessalternatives

Tags:  epfmalaysian governmentinvestments

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