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 RM228,000 at age 55 years.

A member needs to have the required amount of savings at the pre-determined age levels. 30% 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 RM3,333.33. 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 30%


Please be informed that there is a new Basic Savings Schedule which will take effect from 1 January 2017. After 3pm on 22 December 2016 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 60,000
19 3,000 38 66,000
20 5,000 39 72,000
21 6,000 40 78,000
22 8,000 41 85,000
23 10,000 42 92,000
24 12,000 43 100,000
25 14,000 44 108,000
26 17,000 45 116,000
27 20,000 46 125,000
28 23,000 47 134,000
29 26,000 48 144,000
30 29,000 49 154,000
31 33,000 50 165,000
32 37,000 51 176,000
33 41,000 52 188,000
34 45,000 53 201,000
35 50,000 54 214,000
36 55,000 55 228,000
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 RM9,000. The allowable withdrawal for member’s investment will be (RM9,000 * 30%) RM2,700. The minimum amount of savings that can be withdrawn is RM1,000 and can be made at intervals of three months from the last transfer, subject to the availability of the Basic Savings requirement in Account 1.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 RM1,000. 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 RM300 (RM1,000*30%), 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), 04-640 1567(PG) or 07-300 6098 (JB) from 8.30am to 5.30pm on Mondays to Fridays, excluding public holidays.