Thursday, October 06, 2011

Public Mutual : How to Invest?




How to Invest with EPF Members Investment Scheme ??
  • The amount that can be invested is 20% of the savings in excess of the Basic Savings amount in Account 1
  • Minimum investment is RM1,000
  • Investments can be made once every three months
  • Service Charge per unit - up to 3% of net asset value per unit



Example:

Ahmad is 33 years old. From his EPF latest statement, the amount in his Account 1 is RM70,000. According to the above Basic Savings table, his basic savings required in Account 1 is RM24,000. This means he is qualified to withdraw the minimum RM1,000 and maximum RM9,200 from his EPF savings to be invested in unit trusts.

Calculation:


= (RM70,000 - RM24,000) x 20%
= RM9,200


Find Out If You Qualify

  • Check your account balance at any EPF Smart Kiosk* nationwide by using your Mykad or;
  • Refer to your latest EPF statement or;
  • Log on to www.kwsp.gov.my if you are an i-Akaun registered user


* Please refer to www.kwsp.gov.my for detailed information related to Smart Kiosk locations and operating hours.


  hiemash

No comments: