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EPF Calculator  
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Fill in the amount in your KWSP Account 1:
Fill in your age:
 
The amount that you can invest (RM):

How is the figure above obtained?

Basic Savings is an amount of savings to be put aside in Account 1 progressively at various pre-determined age levels so as to enable a member to accumulate a minimum savings of RM196,800 at age 55 years.

A member needs to have the required amount of savings at the pre-determined age levels. 20% of 'amount in excess' of the 'basic sum' can be invested in products offered by approved Investment Institutions.

The 'amount in excess' must be at least RM5,000. If you have this 'amount in excess', then the formula below is used to calculate the 'permitted amount to be invested'.


Permitted amount to be invested = (Account 1 – Basic Savings) x 20%


Please be informed that there is a new Basic Savings Schedule which will take effect from 1 January 2014. After 1.30pm on 23 December 2013 onwards, please use the new Basic Savings Schedule as below for your EPF form submissions.

Age (Years) Basic Savings (RM) Age (Years) Basic Savings (RM)
18 1,000 37 54,000
19 2,000 38 59,000
20 4,000 39 64,000
21 5,000 40 69,000
22 7,000 41 76,000
23 9,000 42 81,000
24 11,000 43 88,000
25 13,000 44 95,000
26 15,000 45 102,000
27 18,000 46 109,000
28 21,000 47 117,000
29 24,000 48 125,000
30 27,000 49 134,000
31 30,000 50 143,000
32 34,000 51 153,000
33 37,000 52 163,000
34 41,000 53 174,000
35 46,000 54 185,000
36 50,000 55 196,800
Table: Required Basic Savings In EPF Account 1


For example, a 33-year old EPF member has RM50,000 in his EPF account. The excess of Basic Savings in Account 1 would be RM13,000. The allowable withdrawal for member’s investment will be (RM13,000 * 20%) RM2,600. The minimum amount of savings that can be withdrawn is RM1,000 and can be made at intervals of three months from the last transfer, subject to the availability of the Basic Savings requirement in Account 1.

Another example is a 30-year old EPF member who has RM30,000 in his EPF account. The excess of Basic Savings in Account 1 would be RM3,000. This EPF member is not eligible to withdraw his EPF savings to invest into EPF-approved unit trusts because the minimum amount for investment is RM600 (RM3,000*20%), which is less than RM1,000.


Want to know more? Click here or email us.

For further assistance, call our hotlines at 03-2149 0567 (KL) or 04-640 1567(PG) from 9am to 6pm on Mondays to Fridays, excluding public holidays.