Experts: EPF withdrawal will deplete people’s savings but may help economy


PUTRAJAYA: Allowing workers to withdraw from the Employees Provident Fund (EPF) to tide over the economic impact of Covid-19 will deplete their savings but may help with the economy, say experts.

They said this after the Prime Minister announced that the government is studying suggestions to allow certain contributors such as laid-off workers to withdraw funds from Account 1 of the EPF.

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EPF , Akaun 1 , withdrawal , Muhyiddin Yassin

   

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