[EPF-MIS] Revised Basic Savings Table and Calculation effective Jan 2017


Attention to all EPF members investment scheme (MIS) members, EPF has just announced that they will revised the basic savings threshold before a member can withdraw for investment purpose effective Jan 2017.



According to EPF, the basic savings refer to the amount that is considered sufficient to support members’ basic retirement needs for 20 years from age 55 to 75 aligned with the Malaysian life expectancy.


In view of the escalating cost of living, longer life expectancy and higher inflation rate, the EPF has made the decision to revise the basic savings upwards to RM228,000 from RM196,800.

Meaning LESSER amount can be withdrawn ?
Wait... There is another announcement too...

Effective Jan 1, 2017, the eligible amount members will be allowed to invest under the EPF-MIS has been increased to up to 30% in excess of their basic savings from Account 1, from the current 20%.

So, can we withdraw MORE or LESSER then?

Referring to examples below provided by licensed financial planner Alex Yeoh, it all depends on how much you're having in EPF account 1 actually. No straight-forward answer for this. Generally, the more you have in excess above the minimum basic savings set, the more you can withdraw for EPF-MIS.

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