Government Agreed to Allow Special EPF Withdrawal RM10,000 Today!

Government Agreed to Allow Special EPF Withdrawal RM10,000 Today! | Good news to all Malaysian! The government had previously allowed the withdrawal of Employees Provident Fund (EPF) contributions through three schemes, namely i-Lestari, i-Sinar, and i-Citra amounting to RM101 billion, involving 7.34 million contributors since the COVID-19 pandemic hit the country two years ago.

Based on the findings of a comprehensive study and research in the recovery phase after this pandemic, there are among Malaysian families who are still economically affected, lose income, and are rebuilding their lives. That includes me and my family, we are still in phase to rise up again after our business was down last year.

Luckily, the Government listens, studies,  and scrutinizes requests from all parties to withdraw EPF contributions. Therefore, today- 16 March 2022, Prime Minister Datuk Ismail Sabri announce that the Government agreed to allow a special EPF withdrawal of RM10,000.

Further clarification on this special EPF withdrawal will be made by the Ministry of Finance and the EPF.

This is a difficult decision as it involves people’s old age savings and this special withdrawal is a middle ground in balancing between today’s urgent needs and future savings.

Although the Government has given permission for this special EPF withdrawal, I appeal to contributors to maintain their savings unless the situation is really urgent.

I hope the contributors make due consideration before making a withdrawal, for the sake of the future.

Thank you Malaysian Government for hearing the request from all the Malaysian. 

I hope everyone will use the opportunity to do wiser things and pay all the debt they have right? 

#KeluargaMalaysia #BekerjaBersamaRakyat