M’sians have split views over possible new EPF account

Employees Provident Fund (EPF) Account 3 News

M’sians have split views over possible new EPF account
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(Reuters) -Rafa Nadal's hopes of winning the Barcelona Open for a 13th time were dashed on Wednesday following a 7-5 6-1 second round defeat by Australian fourth seed Alex de Minaur.

In two minds: With a possible new EPF Account 3, Malaysians are split between using the money for immediate needs or leaving it for the future. — YAP CHEE HONG/The Star

“Although it’s not a major renovation, it still costs quite a bit of money. I have already saved more than half of the sum needed, and can use withdrawals from Account 3 to top up the remainder and begin the work earlier.“Beyond the renovations, I will opt to leave the money there unless there are really some tough situations ahead,” said the 39-year-old.

“I’ll probably use some of the money from Account 3 to quickly clear these debts and maybe use some of it to treat my family to dinner. “While the option of withdrawing from Account 3 is good, I will try to not touch it unless there is a severe emergency,” he said.

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