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Employees Provident Fund contributions will decrease to 9 percent from 11 percent beginning Jan 1 for a 12-month period to increase disposable income.
EPF will also allow Account 1 withdrawals of up to RM6,000 over a 12-month period. The measure was suggested by Umno. Withdrawals can be made from Jan 1 onwards.
EPF will also allow Account 1 withdrawals of up to RM6,000 over a 12-month period. The measure was suggested by Umno. Withdrawals can be made from Jan 1 onwards.
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