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WHAT ARE THE REQUIREMENTS TO PARTIAL WITHDRAW OF EPF CONTRIBUTIONS ?

For the purpose of withdrawal from the EPF, a member's account is subdivided and maintained in 3 separate sub-accounts

Certain conditions must be fulfilled for any withdrawal of the EPF savings.

A member can withdraw the entire saving from the Account II at the age of 50 by completing the KWSP 9B (AHL). This is a pre-retirement savings.

Withdrawal under Account III is only possible to meet medical treatment costs.

An EPF member can withdraw all his or her contributions or the cost of treatment in Account III on medical grounds subject to approval by a medical board.

The Medical Withdrawal Scheme can be used to cover spouse, children, siblings and parents. The list of critical illnesses that qualifies for withdrawal can be obtained from the EPF office. A member shall submit the KWSP 9D (AHL) Form for such withdrawal.

Under the Education Withdrawal Scheme, members are also permitted to withdraw the savings in Account II to pay the fees for themselves or their children further studying in any institutions locally or abroad.

Subject to certain conditions, members are allowed to withdraw for purchasing personal computer for themselves or their children under the Computer Withdrawal Scheme.

EPF members who are still serving the public sector and have been emplaced of a pensionable status are allowed to withdraw the employees' share of contribution exclusive of dividends. Members can apply for withdrawal by submitting the KWSP 9J (AHL) form together with a certified true copy of Identity Card and confirmation letter regarding the service period (JPA/PEN228/11/5-6) from the Head Department and Appendix A and A-1.

Under the Members' Investment Scheme, members with more than RM55,000 in their Account I are allowed to invest a portion of their savings in fund management companies approved by the Ministry of Finance.

Finally, there is the Annuity Scheme which allows members to withdraw from their EPF accounts to purchase an annuity plan from insurance companies which provides members a guaranteed regular income from age 55 for the rest of their lives.

AM I ELIGIBLE TO WITHDRAW UNDER THE EDUCATION WITHDRAWAL SCHEME ?

As a member, you are personally entitled to withdraw to pay fees if pursuing studies at diploma level. Withdrawal for your children is only possible if pursuing degree and postgraduate degree courses.

The amount which qualifies for withdrawal is either

• the maximum amount of total fees
• the total amount of contributions in your Account II, whichever is lower

Withdrawal can be made on each academic year subject to the availability of funds in your Account II.

EPF will make payment in either of these 3 modes :

• direct payment to the local institutions of higher learning
• payment to you if you or your children are pursuing studies abroad or any payment made by you, subject to certain terms and conditions
• direct payment to the financial institutions to settle or reduce the balance of study loans you have taken up under certain condition you or your children currently studying in institutions of higher learning including study loans under your name or both you and your children's name.

Before you make any application for withdrawal, you are required to check the balance in your EPF Account II and obtain a letter from EPF on the amount allowed to be withdrawn.

In order to obtain the letter from EPF, the following documents have to be submitted :

• letter of acceptance from the university or college stating that you will be pursuing studies at diploma level and above or your children who will be pursuing their first year studies at degree level and above or letter of registration for subsequent years of study.
• photocopy of your identify card

You can apply this scheme by submitting the KWSP 9H (AHL) Form together with the relevant supporting documents to the EPF office.