ThxPORTAL - My OnlinE InvestmenT ProgresS

KUALA LUMPUR: The Employees Provident Fund (EPF) will revise upwards the basic savings quantum of its members to RM196,800 by the age of 55 effective January 1 2014, to ensure enough savings to finance their retirement needs. The new quantum will be equivalent to RM820 a month for 20 years from age 55 to 75.The current basic savings amount, which was set in 2008, is RM120,000 at the age of 55.“The new rates are benchmarked...