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Budget 2027: All Malaysians to be automatically registered with EPF at 18

KUALA LUMPUR, Oct 9 — All Malaysian citizens will be automatically registered as members of the Employees Provident Fund (EPF) upon turning 18 to encourage earlier retirement...

Malay MailIan Jeremiah Patrick查看原文 ↗
2027年财政预算案:所有马来西亚公民将在18岁时自动注册加入雇员公积金局(EPF)。

In an effort to bolster social protection and promote early retirement savings, the Malaysian government announced that beginning in 2027, all citizens will be automatically enrolled in the Employees Provident Fund (EPF) upon reaching 18 years of age.

This initiative, outlined in Budget 2027, seeks to prepare individuals for retirement at an earlier age.

Currently, EPF registration occurs when the fund receives an individual's first employer contribution, though individuals can also register via the EPF's i-Akaun application.

The EPF stands as Malaysia's primary retirement savings fund, comprising contributions from both employees and employers.

KUALA LUMPUR, Oct 9 — All Malaysian citizens will be automatically registered as members of the Employees Provident Fund (EPF) upon turning 18 to encourage earlier retirement savings, under a measure announced in Budget 2027.

The move aims to strengthen social protection by helping Malaysians prepare for retirement from a younger age.

Currently, employees are automatically registered with the EPF when the fund receives their first employer contribution.

Individuals can also register through the EPF’s i-Akaun application.

The EPF is Malaysia’s main retirement savings fund, with contributions from employees and employers helping members build savings for their later years.

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