Expat EPF Guidance
We can help expats navigate their EPF options as part of their wider financial plan.
What is EPF?
Employees Provident Fund, known as EPF, is Malaysia’s state-backed pension scheme. It recently became a mandatory employee benefit, so if you’re an expat working in Malaysia you will need to be enrolled.
There are many benefits to saving into EPF. Importantly, there’s the government guaranteed minimum return of 2.5%, making it a relatively safe investment. It also offers tax-free withdrawal after 55 and tax savings on contributions up to a certain limit. Whilst employers are obligated to contribute the mandatory 2%, some employers may voluntarily contribute 12% of your salary, offering a significant boost to your savings. However, it's worth noting, contributions are at the employer’s discretion.
Despite these benefits, we appreciate it’s not always clear how EPF fits into your wider financial plan, especially if you don’t intend on retiring in Malaysia.
We can help
How we can help
We have extensive experience helping expats like you manage and optimise their EPF as part of an overarching financial plan.
Our offering:
Understanding EPF
We can explain the rules and regulations surrounding EPF and offer in-depth guidance on how they relate to you.
EPF and Retirement
We can work to ensure your EPF is aligned with your wider retirement goals as an expat.
Learn moreEPF and Estate Planning
We can support you in nominating beneficiaries for you EPF and factor it into your wider estate plan
Learn morePartial Withdrawal
It is possible to withdraw some of your EPF savings before 55, how much will depend on your circumstances and savings. We can offer guidance on eligibility and whether making a partial withdrawal for an alternative investment would be beneficial for you. If you do decide on partial withdrawal, we will support you through the process of withdrawing and reinvesting.
Full Withdrawal
You can withdraw your entire EPF savings at 55 or if you are permanently leaving Malaysia. We can support you through the process of withdrawing, offering guidance on how this lump sum might be reinvested or utilised to best meet your financial goals.
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Speak to our Private Wealth ManagersFrequently Asked Questions
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