EPF i-Invest - What is it

What is i-Invest? It's a Member Investment Scheme (MIS) by the Employees Provident Fund (EPF) where members can invest a portion of their Account 1 funds to boost their retirement savings. 

 

EPF members who meet the eligibility requirements can invest in EPF-qualified unit trust funds managed by fund management institutions (IPD) appointed under the EPF-MIS. Investment (i.e. purchasing), switching, redeeming; and querying account balances, current value, historical transactions, and so on may all be done using this online platform.

How do you benefit from i-Invest?

Grow your EPF savings

investing through EPF i-Invest can help you enhance your retirement savings.

No Cash Required

The amount will be deducted from your EPF Account 1 to make the investment.

Wide range of choices

EPF-qualified unit trust funds are available in a wide range of options.

Diverse funding options

Diversify your portfolio with industry-recognized funds range from domestic to multinational.

Who is qualified?

All EPF members above the age of 18 are eligible to create an investing account. You can invest up to 30% of your savings in Account 1 if you have more than the necessary Basic Savings amount. Only members up to the age of 55 are eligible for the Basic Savings amount before the EPF issues a release control.

How to check if you are qualified?

  1. If you are an i-Akaun registered user, you may check your account balance at any EPF Smart Kiosk* countrywide using your MyKad.
  2. Refer to your most recent EPF statement.
  3. Go on to the EPF website.


What is the minimum amount required?

According to the age, all EPF members are authorized to withdraw and invest 30% of the amount in excess of the needed basic savings in Account 1, i.e. the total amount eligible to invest in EPF-approved unit trust funds.


Image Source: KWSP

Eligibility Calculation Example

Image Source: KWSP

What you should know

  1. All investments must be made through the appointed FMIs/related IUTA.
  2. Application must be submitted via the FMI`s agent/i-Akaun (Member).
  3. Applications cannot be revoked once submitted.
  4. Application can be made at any time in various unit trust funds / various FMIs appointed by the depending on investment eligibility amount.
  5. Investment eligibility amount will be updated every 3 months.
  6. Member are not allowed to make additional investments using their own funds.
  7. All investment risks are assumed by members. Members are encouraged to fully understand the documents on fund published by FMIs prior to making any investment decision.
  8. Amount invested under this scheme is not entitled to EPF’s annual dividend.
  9. Amount transferred to FMIs is not subjected to member’s EPF nomination.
  10. Members below 55 years, in the event of liquidation of investments or delisting of FMIs, FMIs are required to return the invested amount including any profits to the EPF.
  11. The EPF will release control of the amount invested in the FMI when a member reaches age 55 or has made a full withdrawal through Leaving Country/ Incapitation/ Pensionable Employees/Death Withdrawal. Any investment transaction made is between the member and the FMIs.
  12. Members who are opted for Simpanan Shariah are only allowed to invest in Shariah compliant unit trust products listed by the EPF.
  13. No service charge will be imposed by the EPF. However, it may be imposed by the FMIs/IUTA for the investment made.

How to apply

  • Application through FMI’s Agent/Counter

- Application is submitted through any appointed FMI’s agent/counter.

- FMI will submit the application to EPF for processing.

  • Application through i-Akaun (Member)

- Member registered as an user i-Akaun (Member)

- Member has a registered mobile phone number with EPF for TAC number acceptance

For more FAQs:

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Global Locations

Penang: 3A-1-13, Straits Quay, Jalan Seri Tanjung Pinang, 10470 Tanjung Tokong, Penang, Malaysia

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Location

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KL Office:

23-5, Menara Bangkok Bank, Berjaya Central Park, Jalan Ampang, 50450 Kuala Lumpur


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