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KUALA LUMPUR: A lower Employees Provident Fund net dividend rate could materialise from its decision to introduce Account 3.
There are concerns that dividends will be impacted since Account 3 is a shorter-tenured account type that requires funds to be on standby – and this is similar to a savings or current account in a bank which gives a near-zero return rate at present interest rates. Currently, for members aged below 55, 70% of their EPF contributions will go into Account 1 and 30% into Account 2.
Tengku Zafrul also reportedly said in March 2022 that an additional dividend of RM5.4bil could be distributed to all EPF members if previous withdrawals were not made. “This is also helpful for them to make planning or forecast when projecting returns and dividend payout,” he added.
EPF Account3 Dividend Savings Withdrawal Investment Retirement
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