Employees Provident Fund (EPF) - Members Investment Scheme
The Employees’ Provident Fund (EPF) Members Investment Scheme provides an option for EPF members to diversify a part of their retirement savings from EPF Account 1 to unit trust investments. These unit trust investments are available through Unit Trust Management Companies (UTMCs), which are members of appointed Fund Management Institutions (FMIs) by EPF.
eUnittrust.com.my as the online unit trust distribution platform for Phillip Mutual Berhad are among the Institutional UTS Adviser (IUTA) registered by Federation of Investment Managers Malaysia (FIMM) and authorized to distribute EPF approved unit trust schemes of the various 3rd party funds available on our platform.
Amount to be invested = (Account 1 – Basic Savings) X 30%
Effective 10 December 2018, EPF has announced a revised Basic Savings Schedule for its Members Investment Scheme. The schedule is an amount set in accordance to age to enable members achieve a minimum savings of MYR 240,000 upon reaching retirement age of 55.
The amount in excess of the Basic Savings can be invested in products offered by appointed Fund Management Institutions.
The amount in excess of the Basic Savings can be invested in products offered by appointed Fund Management Institutions.