Allowing excessive early EPF withdrawal risks contributors' future: PM
BernamaPublished: Mar 4, 2025 5:51 AM | Updated: Mar 4, 2025 6:55 AM
PARLIAMENT | Allowing contributors to excessively withdraw their Employees Provident Fund (EPF) savings before maturity is like “punishing” depositors when they grow old and retire, said Prime Minister Anwar Ibrahim.
He said that for decades, including during his previous tenure as finance minister, the principle was to avoid excessive withdrawals as EPF savings are intended for retirement.
View Comments0