Not every people with EPF savings can invest in EPF approved Public Mutual Funds. There are three basic requirements that you must fulfill.


Your EPF account 1 must have more money than your EPF basic savings according to your age.
Only 20% of your excessive EPF savings can be transferred for investment.
Minimum investment amount must be RM1000.


Example:


Investor age: 29


Scenario 1:
Investor EPF account 1 saving: RM10,000
Can he invest? No!
Why? The EPF basic saving is less than RM16,000 (refer here)


Scenario 2:
Investor EPF account 1 saving: RM20,000
Requirement 1 is fulfilled.
Only 20% of the excess saving can be used for investment.
RM20,000 – RM16,000 = RM4,000
RM4,000 x 20% = RM800
Can he invest? No!
Why? Minimum investment amount is less than RM1,000.


Scenario 3:
Investor EPF account 1 saving: RM22,000
Only 20% of the excess saving can be used for investment.
RM22,000 – RM16,000 = RM6,000
RM6,000 x 20% = RM1,200
Can he invest? YES!


In order to fulfill all the three basic requirements, I have modified the EPF basic saving table for easier reference:

Age (Years) Basic Savings (RM)
18 6,000
19 7,000
20 8,000
21 9,000
22 10,000
23 12,000
24 13,000
25 14,000
26 16,000
27 17,000
28 19,000
29 21,000
30 23,000
31 25,000
32 27,000
33 29,000
34 31,000
35 34,000
36 37,000
37 39,000
38 42,000
39 46,000
40 49,000
41 53,000
42 56,000
43 61,000
44 64,000
45 69,000
46 73,000
47 78,000
48 83,000
49 89,000
50 95,000
51 101,000
52 107,000
53 114,000
54 121,000
55 125,000


If your EPF account 1 has the basic saving same or more than the above mentioned, you can invest in any EPF approved Public Mutual Fund for sure. For further explanation, please contact me at jtankoksiong1982@hotmail.com