EPF Update: Account 3 and Potential Impacts The Employees Provident Fund (EPF) has been a hot topic lately, with two key developments grabbing headlines: 1. Account 3 (Akaun Fleksibel) - Making Waves The recently launched Account 3 has caused a stir among Malaysian EPF members. This new program allows contributors to transfer a portion of their savings into a separate account for potential future withdrawals. The flexibility and ease of access have generated significant interest, with over RM8 billion transferred already! [The Star] However, there's a catch: the transfer window closes on August 31st, 2024. So, if you're considering utilizing Account 3, be sure to make your decision before the deadline approaches. 2. Potential Impact on Returns - A Balancing Act Financial experts are analyzing the potential implications of Account 3 on the EPF's investment strategy. Since this program allows for member withdrawals, the EPF might need to adjust its portfolio to...
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