The Street Articles

 KUALA LUMPUR: The Employees Provident Fund's (EPF) i-Sinar facility is now accessible to all members who have lost their jobs, given unpaid leave, or have no source of income. Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz told the Dewan Rakyat today that the decision to widen eligibility for withdrawals was made after a meeting with EPF this morning. "Whether you have lost your job or experienced pay cuts; whether your do formal work or are self-employed; whether you are an active member or not, you can apply for the i-Sinar facility. "From the two million eligible members before this, now more than eight million members will be eligible," he said during his winding-up speech on the 2021 Budget in Parliament today. Zafrul said the maximum eligible withdrawal amount has also been increased from RM9,000 to RM10,000. "Members can apply for this online, or go to an EPF office. Just show proof of job loss or pay cuts." During the tabling of the 2021 Budg...

  PETALING JAYA: Beginning Dec 14, employers can submit their employee's EPF applications to maintain the statutory contribution rate for employees at 11%. "All submissions for this purpose are to be done via the i-Akaun (Employer) portal only. This is in line with the EPF’s efforts to ensure physical distancing and minimise face-to-face interactions to prevent the spread of Covid-19," EPF said in a statement on Saturday (Nov 28). EPF said that it is limiting employers from coming to its branches, as well as restricting officer visits to employer premises. "Employers can only be at EPF branches for the purpose of employer registration with an appointment made via Janji Temu Online. "Payment for monthly EPF contributions, as well as Late Payment Charges & Dividend, can be done via i-Akaun (Employer), Internet banking, and appointed bank agent counters," it said. For other matters including advisory services and account management, EPF said employers can ...