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<\/p>\nPETALING JAYA: The majority of Employees Provident Fund (EPF) members who were eligible to make withdrawals from their Akaun Fleksibel opted not to do so up to October of last year.<\/p>\n
EPF\u2019s research report \u201cEnduring Today, Shaping Tomorrow: Akaun Fleksibel as a Financial Lifeline for Wellbeing\u201d stated that about 63% or 8.4 million people have left the funds untouched.<\/p>\n
It said that 44% had a sufficient balance in the account, while 56% were unable to withdraw money because of insufficient balance.<\/p>\n
\u201cAbout 37%, or five million members, have made at least one withdrawal between May 2024 and October last year.<\/p>\n
<\/p>\n
\u201cThe total amount was about RM16.6bil,\u201d it said, adding that there were about 13.3 million eligible members.<\/p>\n
The report also highlighted that about 4.1 million individuals transferred a total of RM14.5bil from their Akaun Sejahtera to Akaun Fleksibel during the one-time fund transfer option between May 11 and Aug 31, 2024.<\/p>\n
\u201cAnd by October last year, 81% of those who made withdrawals had less than RM500 left in their Akaun Fleksibel, while 6.2% had fully depleted their balances,\u201d it said.<\/p>\n
Akaun Fleksibel was launched in May 2024 to allow members to withdraw their funds at any time, provided they have a sufficient amount.<\/p>\n
The report also indicated that members earning less than RM3,000 per month accounted for the largest proportion of withdrawals, at 51.1%.<\/p>\n
\u201cA survey found that withdrawals by 14,204 members from Akaun Fleksibel between May 2024 and June 2025 were largely for essential needs.<\/p>\n
\u201cThese included daily necessities, health-related expenses, emergencies, debt and investment obligations, and seasonal or lifestyle spending,\u201d it added.<\/p>\n","protected":false},"excerpt":{"rendered":"PETALING JAYA: The majority of Employees Provident Fund (EPF) members who were eligible to make withdrawals from their…\n","protected":false},"author":2,"featured_media":392560,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[145656,149762,72,30269,173881,176,173876,61,173877,60,173880,174,175,173879,173878,57853],"class_list":{"0":"post-392559","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-personal-finance","8":"tag-akaun-fleksibel","9":"tag-akaun-sejahtera","10":"tag-business","11":"tag-epf","12":"tag-essential-needs","13":"tag-finance","14":"tag-financial-wellbeing","15":"tag-ie","16":"tag-insufficient-balance","17":"tag-ireland","18":"tag-may-2024","19":"tag-personal-finance","20":"tag-personalfinance","21":"tag-rm14-5bil","22":"tag-rm16-6bil","23":"tag-withdrawals"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/392559","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=392559"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/392559\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/392560"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=392559"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=392559"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=392559"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}