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Close to 50% of EPF contributors have less than RM10,000 in their account. Oh dear.

Close to 50% of EPF contributors have less than RM10,000 in their account. Oh dear.

By the way this is not an article for everyone to feel bad or feel sad or whatever. This is an article to serve as a reminder that the only one who can help us is ourselves. Any other help from any other parties including relatives, friends and even the government of the day should be considered extra. Let’s not kid ourselves here. Everyone have their own problems and even financial obligations.

If it is to be, it is up to me (as an EPF contributor)

My good friend who lost his main source of income since Covid-19 has secured a temporary employment for some income and he is also driving for Lalamove nowadays. He has two jobs but he is taking it in his stride that if he can survive this, things will get better. Now imagine if he is only willing to stay at home, blame everyone and everything but does nothing at all to remedy the situation? Now let’s look at what’s happening with the EPF contributors here in Malaysia.

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Article in  UP to 46% members of the Employees Provident Fund (EPF) below the age of 55 are having less than RM10,000 in their account. The EPF also stated that the members’ basic savings threshold (RM240,000 at age 55) recorded a drop from 36% to 27% as a result of the Covid-19-related withdrawals to supplement their income during the crisis.

CEO Datuk Seri Amir Hamzah Azizan said, “The key element of the EPF’s strategy going forward is to get the gig workers, as well as those in the informal sectors, into the EPF scheme so they can start to save as early as possible and plan for their retirement.”

He added, “We will remain focused on our Strategic Asset Allocation and continue to be cognisant of the risk profiles of the markets as they develop so we are able to shift along the way.”

The EPF recorded RM34.05 billion of total investment income for the first half of the year ended June 30, 2021 (1H21), an increase of RM6.79 billion, or 25%, compared to RM27.26 billion in the corresponding period in 2020.  Article in 

Time waits for no men

It’s good to know that EPF is not enough for many EPF contributors when we are still younger and have time to do something about it. It’s not going to be good to read about this fact and we are just a few years away from retiring a.k.a as income stops. It’s definitely possible to extend our working years so that we continue to have incomes but not all jobs could be performed when we get to a certain age. Some companies may also not want to hire us because they do worry about our health too when we become older.

Think a little further than today on our current job and start strategizing on how to grow additional wealth beyond just as one of the EPF contributors. Some say maybe we need more than one income stream. If that’s the best way to do it, then just do it. If it’s just to be the best in our field so that we earn exceptional incomes versus most people, then do it too. Remember it’s all about demand versus supply when it comes to salary.

The more people could do the same job for less pay, the more pressure your income would be. The fewer people could do the same job, the higher the potential for the salary to move up due to the demand for these people with special skills others do not have.

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Charles Tan The Founder The Writer Kopiandproperty
Charles Tan

Charles is Founder of He writes from his investment experience for the the past 20 years in investments including property, stock, unit trust and more as well as readings and conversations with many property gurus in the industry. is an independent property blog which is not affiliated to any media company, property developer or even real estate agencies.


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