Your EPF Account is where all your monthly contributions and that from your employer are credited into.

Effective 1st January 2007, the Account is divided into two parts, namely Account I and Account II. Contributions received on your behalf from your employer will be credited into the two accounts according to the following percentages :

Account I – 70% of monthly contribution

Account II – 30% of monthly contribution

These accounts are created for different purposes, and different types of withdrawals are applicable on each account :

Account I

Savings in this account is meant to be used for your retirement, and it cannot be fully withdrawn before you reach the age of 55, become incapacitated, leave the country or deceased (payment will be made out to your nominee / heir).

You are allowed to invest part of this savings to allow you to add the value of your savings

Account II

Savings in this Account is meant to help you to make early preparations for a comfortable retirement.  Withdrawals are allowed for the purposes of :

• Attaining the age of 50 years
• Owning a house – the down payment for your first house
• Settling the balance of your housing loan – first house
• Financing education for you and that of your children’s
• Medical expenses for you and that of your children’s

The EPF will not consider application for withdrawal from any account for purposes other than those stated in the current law as cited in the EPF Act 1991; EPF Rules and Regulations 1991; and EPF Circular and Procedure.

1. WITHDRAWAL TO PURCHASE A HOUSE

This withdrawal allows you to withdraw your savings in Account II to partially finance the purchase of a house either via:

• Individual purchase; or
• Joint purchase with spouse, family members or other individuals.
This withdrawal also allows you to purchase a house from a developer, an individual or public auction.

2. WITHDRAWAL ELIGIBILITY

You are eligible to apply if you are :

• A Malaysian citizen; or
• A Permanent Resident; or
• A Malaysian citizen who have withdrawn your savings under Leaving The Country Withdrawal before 1st August 1995 but subsequently returned and re-contribute to EPF; or
• A non-Malaysian citizen (Expatriate) who became a member of the EPF before 1st August 1998.
You need to have savings in your Account II and you must also have not reached 55 years of age on the date the application is received by the EPF.

3. AMOUNT ELIGIBLE TO WITHDRAW

You can withdraw your savings based on the following, whichever is lower :

• Individual Purchase
The difference between the price of the house and the housing loan with an additional 10% of the price of the house

OR

All balance available in Account II

• Joint Withdrawal with Spouse, Family Members or Other Individuals

The difference between the price of the house and the housing loan with an additional 10% of the price of the house

OR

All balance available in Account II of all applicants subject to the maximum eligible amount as stated above

If you obtained a full housing loan (100%), you are eligible to withdraw as much as 10% of the price of the house OR all balance available in Account II,  whichever is lower.

If you purchased a house by cash, you are eligible to withdraw as much as the price of the house with an additional 10% of the price of the house OR all balance available in Account II, whichever is lower. You can choose to determine the amount you wish to withdraw from your savings in Account II, subject to the maximum amount you are entitled to withdrawal by completing "Surat Akujanji Pilihan Amaun Pengeluaran".

4. FREQUENCY OF WITHDRAWAL

This withdrawal is only allowed for your first house. However, if you have made a withdrawal previously to buy your first house and subsequently have sold the house, you may withdraw to buy a second home. Proof of sale of the first house must be produced.

For more information and latest updates, kindly visit www.epf.gov.my OR call EPF Call Management Centre at + 603 – 8732.6000.