Since November 1996, all eligible EPF contributors are allowed to withdraw part of their savings from their Account 1 at EPF to invest in unit trusts through external investment managers appointed by the Ministry of Finance.
Effective 1 February 2008, EPF has implemented a new investment withdrawal concept called Basic Savings Concept (BSC). The BSC requires each EPF member to set aside a certain amount of money in Account 1 according to the age. Then, only 20% of the excess savings in Account 1 can be withdrawn for investing in unit trusts funds. The minimum investment amount per transaction is RM1,000 and each member can make withdrawal for investment at intervals of three(3) months from the last disbursement date, subject to the availability of the Basic Savings required in Account 1. Below is a BSC schedule in Account 1 for the various age levels.
Required Basic Savings in Account 1
|
Age
|
Basic Saving (RM)
|
Age
|
Basic Saving (RM)
|
|
18
|
1,000
|
37
|
34,000
|
|
19
|
2,000
|
38
|
37,000
|
|
20
|
3,000
|
39
|
41,000
|
|
21
|
4,000
|
40
|
44,000
|
|
22
|
5,000
|
41
|
48,000
|
|
23
|
7,000
|
42
|
51,000
|
|
24
|
8,000
|
43
|
55,000
|
|
25
|
9,000
|
44
|
59,000
|
|
26
|
11,000
|
45
|
64,000
|
|
27
|
12,000
|
46
|
68,000
|
|
28
|
14,000
|
47
|
73,000
|
|
29
|
16,000
|
48
|
78,000
|
|
30
|
18,000
|
49
|
84,000
|
|
31
|
20,000
|
50
|
90,000
|
|
32
|
22,000
|
51
|
96,000
|
|
33
|
24,000
|
52
|
102,000
|
|
34
|
26,000
|
53
|
109,000
|
|
35
|
29,000
|
54
|
116,000
|
|
36
|
32,000
|
55
|
120,000
|
|
|
|
|
|
|
Examples for Calculation of Eligible Investment Amount Based on BSC
|
Member
|
Age
|
Savings in Account 1 (RM)
|
Required Basic Savings (RM)
|
Computation: Savings in Account 1 – Required Basic Savings x 20%
|
Member’s Eligibility
|
|
A
|
22
|
4,000
|
5,000
|
/
|
Not Eligible
Savings in Account 1 is less than the required basic savings.
|
|
B
|
22
|
8,000
|
5,000
|
8,000 – 5,000 x 20% = RM600
|
Not Eligible
The eligible investment amount is less than the minimum requirement of RM1,000.
|
|
C
|
35
|
40,000
|
29,000
|
40,000 – 29,000 x 20% = RM2,200
|
Eligible
Eligible investment amount: RM1,000 (minimum) & RM2,200 (maximum).
|
|
D
|
34
|
150,000
|
64,000
|
150,000 – 64,000 x 20% = RM17,200
|
Eligible
Eligible investment amount: RM1,000 (minimum) & RM17,200 (maximum).
|
|
E
|
55
|
125,000
|
12,000
|
125,000 – 120,000 x 20% = RM1,000
|
Eligible
Eligible investment amount: RM1,000.
|
|
|
|
|
|
|
|
|
above and 
above.