For seniors only
KUALA L UMPUR: The Employees Provident Fund (EPF) has introduced a second retirement nest egg called “Akaun Emas” for members working beyond age 55, effective Jan 1 next year.
All new contributions received after age 55 will be deposited into Akaun Emas and can only be withdrawn after age 60.
Contributions up until age 55, however, will be transferred to another account called Akaun 55.
“The Akaun Emas will not affect the existing scheme, where members have the option to make full or