Revised Basic Savings in EPF Account 1 under EPF MEMBER’S INVESTMENT SCHEME (EPF-MIS)

As you may be aware, the basic savings in EPF Account 1 will be revised with effect from 01 January 2019. Please refer to the revised Basic Savings Table via http://www.pheimunittrusts.com/how-to-invest/epf-members-investment-scheme/

EPF requires all IPDs to process withdrawal submissions through e-PPA on or before 18 December 2018. There will be a freeze period from 19 December 2018 to 31 December 2018 to facilitate the implementation of the new basic savings table in their system.

In view of the foregoing, all IUTAs and UTCs must submit their booking much earlier and original copy of documents must reach us physically by 14 December 2018 (Friday) to avoid any delay in submission for EPF approval before the freeze period. Any submission later than the mentioned date shall be processed on 02 January 2019.

If you have any further queries on the above, please do not hesitate to contact us.