Starting May 2024, the Employees Provident Fund (EPF) made a major update that gives you more control over your savings – and quicker access when you need it most.
Let’s break down what’s changed and how the new Akaun Fleksibel can benefit you.
What’s New in the EPF Structure?
Previously, your EPF savings were split into two accounts:
- Account 1: Locked until age 55 (for retirement)
- Account 2: For specific withdrawals (housing, education, etc.)
Now, EPF has restructured this into three accounts, giving members a better balance between long-term security and short-term financial needs.
New EPF Account Breakdown
As of 11 May 2024, all contributions are now divided like this:
🧮 Account Type | Purpose | Contribution (%) |
🟢 Akaun Persaraan | Retirement savings (locked until 55) | 75% |
🟡 Akaun Sejahtera | For approved withdrawals (like before) | 15% |
🔵 Akaun Fleksibel | NEW! For anytime withdrawal | 10% |
Introducing Akaun Fleksibel – Savings You Can Actually Use
Think of Akaun Fleksibel as your EPF emergency fund. It’s your money — and now, you can access it without conditions, paperwork, or long wait times.
Here’s what makes it special:
✅ Withdraw anytime
✅ No specific reason needed
✅ Simple process via i-Akaun
✅ Minimum withdrawal: RM50
✅ Money in your bank within 1–2 working days
This is especially helpful for unexpected bills, urgent home repairs, or even a short-term cash flow gap.
How It Works – A Quick Example
Let’s say your monthly EPF contribution (employer + employee) is RM1,000. Here’s how it would be split under the new system:
- RM750 to Akaun Persaraan
- RM150 to Akaun Sejahtera
- RM100 to Akaun Fleksibel
That RM100 goes into an account you can dip into — anytime.
To know more, refer here.