EPF Investment Scheme
 
What is Basic Savings? >
Required Basic Savings
in Account 1 >
Some Examples to Compute the Allowable Investment Amount >
How to Apply? >
How to Calculate the Amount Eligible to Withdraw? >
Who are the Certifying Officers? >
What about Your Investment? >
Release of Control over Your Investment >
   

Investing in a unit trust fund is a probable method of higher returns for your retirement fund over a long-term period compared to direct investment in the share market. A unit trust fund may provide you with a reasonable level of income with an acceptable level of risk.
What is EPF Investment Scheme or Member's Savings Investment Withdrawal?
 

EPF members who have a savings of at least RM5,000 more than the Basic Savings amount required in Account 1 can withdraw a portion of their savings for investment purpose which will be managed by unit trust fund management institutions, appointed by the Ministry of Finance and Alliance Investment Management Berhad has been declared as one of the appointed fund houses.
Which Alliance Funds are EPF-Appointed?
 
The 3 funds are:
  • Alliance Moneyplus Fund
  • Alliance Dana Adib
  • Alliance Dana Alif
Who is Eligible to Apply?
 
  • A Malaysian citizen;
  • A Permanent Resident;
  • A Malaysian citizen who has withdrawn his savings under the “Leaving the Country Withdrawal Scheme” before 1 August 1995 but returned subsequently and re-contributed to EPF;
  • A Non-Malaysian citizen (expatriate) who became a member of the EPF before 1 August 1998.

Note: You need to have savings in Account 1 and you must also have not reached 55 years of age on the date the application is received by the EPF.
What are the Investment Withdrawal Conditions?
 
  • Effective 1 February 2008, members must have a savings of at least RM5,000 more than the basic savings required in Account 1.
  • Members have not reached 55 years old.
  • The minimum withdrawal amount is RM1,000.
  • The maximum amount invested cannot be more than 20% of the amount exceeding the required basic savings in Account 1.
  • No direct investments are allowed. You are not allowed to make additional investments using your own money.
What is the Frequency of Withdrawal?
 
  • Withdrawals can be made on a quarterly basis or at intervals of 3 months from the date of the last transfer, subject to the Basic Savings requirement in Account 1.
  • There are no other changes in conditions to the Member's Investment Withdrawal.
  • Refer to the Basic Savings Table and examples of allowable withdrawal for the Member's Investment Withdrawal.

Note: Certain parts of the data above are excerpts from the Employees Provident Fund's (EPF) website.
 
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Copyright 2007 Alliance Investment Management Berhad
 

The content in this website is intended for your general information only and must not be construed as an offer or a recommendation to invest in our Funds and neither does it take into account any investor's particular circumstances. Before investing, you are advised to read and understand the contents of the Master Prospectus dated 30 January 2008 which has been registered with the Securities Commission who takes no responsibility for the contents of the Master Prospectus which is obtainable at the Head Office of Alliance Investment Management Berhad (AIMB), AIMB Tied-Advisers, all Branch Offices of Alliance Bank, and other appointed Institutional Unit Trust Advisers. You should consider the fees and charges involved and consult your financial or other professional adviser if you are in doubt about any feature or nature of the respective Funds. The prices of units and distribution, if any, may go down as well as up and past performance of the respective Funds is no guarantee of future performance. Any issue of units to which the Master Prospectus relates will only be made on receipt of the application form referred to in and accompanying the Master Prospectus.