The cost of living is constantly on the rise and many Malaysians now realize they will need to make their retirement funds work harder. By investing your EPF monies in unit trust product, you are giving yourself more opportunity to overcome the effects of inflation and enjoy your golden years.
“About 70% of contributors who withdraw their EPF saving at the age 55 tend to spend all their savings within three years”
-Employees’ Provident Fund (EPF)
(Source: NST, 27 December 2008)
Benefits
No cash investment required
Investment is transacted directly from your EPF Account 1
Diversification
Capital appreciation
the total lump sum of your EPFsavings.
EPF Members Investment Scheme
This scheme allows EPF members to invest 20% of the amount in excess of the required Basic Savings in Account 1.
You can only invest through appointed unit trust Fund Company or Institusi Pengurus Dana (IPD) by Ministry of Finance.
Public Mutual’s IPD number is 003.
You are allowed to make your second withdrawal three month after your first withdrawal, provided you are still eligible.
To Qualify
EPF Members must have Basic Savings as stipulated below according to age in order to invest.
Basic Savings required in Account 1 | |||
Age | Basic Savings that has to be maintained in Account 1 (RM) | Age | Basic Savings that has to be maintained in Account 1 (RM) |
18 | 1,000 | 37 | 34,000 |
19 | 2,000 | 38 | 37,000 |
20 | 3,000 | 39 | 41,000 |
21 | 4,000 | 40 | 44,000 |
22 | 5,000 | 41 | 48,000 |
23 | 7,000 | 42 | 51,000 |
24 | 8,000 | 43 | 55,000 |
25 | 9,000 | 44 | 59,000 |
26 | 11,000 | 45 | 64,000 |
27 | 12,000 | 46 | 68,000 |
28 | 14,000 | 47 | 73,000 |
29 | 16,000 | 48 | 78,000 |
30 | 18,000 | 49 | 84,000 |
31 | 20,000 | 50 | 90,000 |
32 | 22,000 | 51 | 96,000 |
33 | 24,000 | 52 | 102,000 |
34 | 26,000 | 53 | 109,000 |
35 | 29,000 | 54 | 116,000 |
36 | 32,000 | 55 | 120,000 |
Example:
Ahmad is 33 years old. From his EPF latest statement, the amount in his Account 1 is RM70, 000. According to the above Basic Savings table, his basic savings required in Account 1 is RM24, 000. This means he is qualified to withdraw the minimum RM1, 000 and maximum RM9, 200 from his EPF savings to be invested in unit trusts.
Calculation = (RM70,000-RM24,000) x 20% = RM9,200 |
Find Out If You Qualify
Refer to your latest EPF statement; or
Check your account balance at any EPF Smart Kiosk*nationwide by using your Mykad; or
Log onto http://www.kwsp.gov.my/ if you are an i-Account register user.
*Please refer to http://www.kwsp.gov.com.my/ for detailed information related to Smart Kiosk location and operating hours.
Start growing your EPF saving with Public Mutual
Why?
Industry leader
Public Mutual is a leading player in the private unit trust industry in
Being No. 1 in the industry, we manage more than 60 funds with a total net asset value of RM23.5 billion for over 2,000,000 account holders.
As a wholly owned subsidiary of Public Bank, Public Mutual is supported by vast resources of the Bank.
Award-winning track record
The most awarded unit trust fund manager in
Vast experience
Has a wealth of 28 years experience in managing funds.
EPF Approved Funds offered by Public Mutual
Public Mutual offers a wide range of funds to meet your investment needs. Whether you are an aggressive, moderate or conservative investor, we have just the right fund for you.
EPF Approved Funds | Shariah-based |
Equity Funds | |
Public Index Fund | |
Public Regular Savings Fund | |
Public Islamic Equity Fund | |
Public Islamic Dividend Fund | X |
Public Sector Select Fund | |
Public Islamic Sector Select Fund | X |
Public Islamic Select Treasures Fund | X |
Public Islamic Optimal Growth Fund | X |
Balanced Fund | |
Public Select Balanced Fund | X |
Bond Fund | |
Public Select Bond Fund | |
Money Market and Fixed Income Funds | |
Public Money Market Fund | |
Public Islamic Money Market Fund | X |
Public Islamic Income Fund | X |
Minimum Investment Amount and Charge
Minimum investment - RM1, 000.
Service Charge per unit – up to 3% of net asset value per unit, as regulated by EPF
For more information.
SMS or email me as bellow:
hatiwaja@gmail.com
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