KWSP Withdrawals Pass RM8.5 Billion For The Third Quarter
KUALA LUMPUR, Nov 21 – The Employees Provident Fund (KWSP) approve the application 413.827 withdrawals worth RM8.50 billion for the third quarter of 2014. Flexible spending 55 years as a top producer of RM1.70 billion from RM1.53 billion for the same period in 2013. In a statement issued today, KWSP said the number of experts chose the 55-year production Full Savings Scheme Full Production Storage, rose 2.74 per cent to RM1.63 billion for the third quarter of 2014 compared with 40,931 applications approved RM1.60 billion for the same period of 2013.
EPF Chief Executive Officer, Datuk UDA, said more and more members choose to withdraw their savings in phases to ease financial planning more objectively. “Flexible scheme is indeed an attractive option because the experts are beginning to understand the importance of ensuring that their savings can grow for a longer period of consistent increases in life expectancy at the moment,” he said.
Sharil Ridza also urged among members, refer to the Guidelines for Basic Savings know the minimum amount of deposits they age. They are also urged to take advantage of the Retirement KWSP Advisory Services (RAS) access to experts in the Klang Valley to ensure that the savings can last longer as retirement goals. In addition, the Housing Production fell slightly from RM1.31 billion for the third quarter of 2013 to RM1.30 billion in the same period this year.
Education spending increased to RM104 million for the third quarter of this year compared to RM99.62 million for the same period last year. KWSP also saw a 101.73 percent ease of use i-Account to 1.96 million compared to 969.592 in the corresponding period last year.
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