Source: Employees Provident Fund (EPF)
Sarah is 35 years old. From her EPF latest statement, the amount in her Account 1 is RM80,000. According to the above Basic Savings table, the required basic savings in her Account 1 is RM46,000. Thus, she is qualified to withdraw a minimum of RM1,000 and maximum of RM6,800 from her EPF savings to be invested in unit trusts.
CALCULATION: (RM80,000 – RM46,000) X 20% =RM6,800