COMMENT | Revamping EPF accounts for financial flexibility

COMMENT | On May 11, Employees Provident Fund (EPF) members under 55 will undergo an account restructuring, dividing their holdings into three distinct accounts: Retirement, Sejahtera and Flexible.

The balances from Accounts 1 and 2 will be transferred to the Retirement and Sejahtera Accounts respectively, while the Flexible Account will start with a zero balance.