The EPF is a good source of savings and investment fund. The current EPF account #1 amount is 70% of the contribution. This account is for 2 purposes, namely investment and withdrawal at age 55. You can either use it to invest in approved Unit Trusts or approved Shares in Malaysia. You can start to invest as early as at the age of 18 years old, if you have sufficient funds in your account #1 (min. RM 6,000 for age 18).
The EPF account #2 amount is 30% of your contribution and is for the other purposes like education, housing, and medical, and full withdrawal at age 50.
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