In addition to investing in unit trust by cash or through a regular savings plan, you can also invest using EPF Members’ Investment Scheme. The EPF will process a request to transfer an amount from a member’s Account 1 to approved unit trusts funds if :-
1. The Account 1 balance is not less than the required basic savings, details of which are enclosed in the table 1 as prescribed by the EPF for respective age of the EPF members.
Table 1 - Basic Savings Amount in Account 1
Age (Year)
|
Basic Savings(RM)
BEFORE 1st January 2014
|
Basic Savings(RM)
EFFECTIVE from 1st January 2014
|
Difference (%)
|
18 | 1,000 | 1,000 | 0 |
19 | 2,000 | 2,000 | 0 |
20 | 3,000 | 4,000 | 33.3 |
21 | 4,000 | 5,000 | 25.0 |
22 | 5,000 | 7,000 | 40.0 |
23 | 7,000 | 9,000 | 28.6 |
24 | 8,000 | 11,000 | 37.5 |
25 | 9,000 | 13,000 | 44.4 |
26 | 11,000 | 15,000 | 36.4 |
27 | 12,000 | 18,000 | 50.0 |
28 | 14,000 | 21,000 | 50.0 |
29 | 16,000 | 24,000 | 50.0 |
30 | 18,000 | 27,000 | 50.0 |
31 | 20,000 | 30,000 | 50.0 |
32 | 22,000 | 34,000 | 54.5 |
33 | 24,000 | 37,000 | 54.2 |
34 | 26,000 | 41,000 | 57.7 |
35 | 29,000 | 46,000 | 58.6 |
36 | 32,000 | 50,000 | 56.2 |
37 | 34,000 | 54,000 | 58.8 |
38 | 37,000 | 59,000 | 59.5 |
39 | 41,000 | 64,000 | 56.1 |
40 | 44,000 | 69,000 | 56.8 |
41 | 48,000 | 76,000 | 58.3 |
42 | 51,000 | 81,000 | 58.8 |
43 | 55,000 | 88,000 | 60.0 |
44 | 59,000 | 95,000 | 61.0 |
45 | 64,000 | 102,000 | 59.4 |
46 | 68,000 | 109,000 | 60.3 |
47 | 73,000 | 117,000 | 60.3 |
48 | 78,000 | 125,000 | 60.3 |
49 | 84,000 | 134,000 | 59.5 |
50 | 90,000 | 143,000 | 58.9 |
51 | 96,000 | 153,000 | 59.4 |
52 | 102,000 | 163,000 | 59.8 |
53 | 109,000 | 174,000 | 59.6 |
54 | 116,000 | 185,000 | 59.5 |
55 | 120,000 | 196,800 | 64.0 |
2. The member is less than 55 years old
4. No transfer has been made in the previous three (3) months from the EPF Members’ Investment Scheme
Transfers under the EPF Scheme is made at an intervals of three (3) months from the date of the lasttransfer, subject to the availability of the required balance in Account 1.
5. The amount to be transferred is not more than 20% of the Account 1 balance remaining after deducting the required amount of basic savings prescribed by the EPF (subject to minimum of RM1,000)
Source: www.fimm.com.my