Can Your EPF Money Be utilised for Your Housing Loan?
The post How To Withdraw RM500 From Your EPF Account 2 Under i-Lestari appeared first on iMoney Malaysia. Read more Microsoft may earn an Affiliate Commission if you purchase something through.
How do I withdraw money? You can withdraw money from an ISA or a Fund and Share Account. First you need to set up a nominated bank account to withdraw money into, if you haven't already.
Withdrawing EPF This will be my last post of the Malaysia citizenship renunciation series of posts This is one of the method to withdraw your EPF as I found out later that KWSP actually offers other means of withdrawal. I'll share how I did mine. Use borang K to update an existing bank account that were previously opened before renunciation of Malaysia citizenship. This is to change the NRIC.
The Malaysian government has announced new initiatives to ease the burden of Malaysian by allowing us to withdraw RM500 for 12 months from our Account 2, i-Lestari KWSP. You can apply i-Lestari Withdrawal by online( i-Akaun), by email or by mail starting 1 April 2020. You can read more here, from FAQ KWSP official. In details, the application form can be submitted via the following THREE (3.
Given the increasing cost of living in the presence of GST and uncertain rising oil prices, the fate of the retirees that has not reached the age of 60 years will be more difficult if they are not working and they cannot withdraw money from their savings in the EPF. They need to think about the future of their children who are still in school, their health is also noteworthy.
Withdrawals. To facilitate EPF Members in preparing for a comfortable retirement, the EPF allows you to make a partial or full withdrawal from your savings to meet the specific retirement-related needs that are in line with the EPF’s current policies.
For the members who wish to withdraw money from their savings under this particular scheme, they will then need to complete and submit the KWSP 9C (AHL) form. You will also be required to submit other relevant documentation to support you in the process of making withdrawals under this scheme. You need to be aware that the withdrawal for the purchase of a house must be made within 2 years from.