PETALING JAYA: The majority of Employees Provident Fund (EPF) members who were eligible to make withdrawals from their Akaun Fleksibel opted not to do so up to October of last year. EPF’s research report “Enduring Today, Shaping Tomorrow: Akaun Fleksibel as a Financial Lifeline for Wellbeing” stated that about 63% or 8.4 million people have left the funds untouched. “And by October last year, 81% of those who made withdrawals had less than RM500 left in their Akaun Fleksibel, while 6.2% had fully depleted their balances,” it said. Akaun Fleksibel was launched in May 2024 to allow members to withdraw their funds at any time, provided they have a sufficient amount. “A survey found that withdrawals by 14,204 members from Akaun Fleksibel between May 2024 and June 2025 were largely for essential needs.

Source: The Star April 11, 2026 07:04 UTC