Well, it may be some 30 years away, or the options may no longer be the same, or we may have something better than EPF,
but for meantime, would like to share what are the available withdrawal options :)
just in case some of us wondering what is EPF, it stands for Employee Provident Fund.
EPF withdrawal options
· full withdrawal.
· partial lump sum withdrawal and the balance paid out on a monthly basis to the member for 5 years with a minimum payment of rm200 per month.
· monthly payment for 20 years with a minimum payment of rm100 per month.
· withdrawing only the dividend every year leaving the principal sum in EPF account
all savings that remains with EPF will be entitled to the annual dividends.
for last year, the EPF dividend rate was 5%
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