The Employees Provident Fund (EPF) or Kumpulan Wang Simpanan Pekerja (KWSP Wangsa Maju) has made remarkable strides to enhance accessibility for its existing and potential members and employers across Malaysia. Recognising the importance of convenient access to their services, EPF has strategically positioned its offices, Self-Service Terminals (SSTs), and Kiosks in central locations nationwide.
Contact Number: +603-4243 5488
Operation hours: Monday to Friday, 8:30 am to 4:30 pm. It is closed on Saturday and Sunday.
Website: https://www.kwsp.gov.my
Here are some of the key services provided by the Employees Provident Fund (EPF) or Kumpulan Wang Simpanan Pekerja (KWSP Wangsa Maju):
EPF / KWSP Savings Account Management
The EPF is a custodian of employees’ contributions and manages their savings in individual EPF accounts. Employees and their employers contribute a percentage of their salary to the EPF every month. These contributions accumulate over time to form a retirement fund for the employee. For comprehensive information, Taman Melawati residents are encouraged to reach out to the KWSP Wangsa Maju office.
EPF / KWSP i-Akaun Online Portal
The EPF provides a user-friendly online portal called i-Akaun, where members can access and manage their EPF accounts. Through the i-Akaun portal, members can check their account balances, view transaction histories, update personal information, and nominate beneficiaries. Taman Melawati residents can access a wealth of information by visiting the KWSP Wangsa Maju branch.
Withdrawal Schemes
The EPF offers various withdrawal schemes to cater to the different needs of its members. Some of the standard withdrawal options include:
Age 55 and 60 Withdrawal
Members can withdraw their EPF savings in full when they reach the age of 55 and 60.
Flexible Age 50 Withdrawal
Members who have reached the age of 50 can withdraw a portion of their savings while leaving the remaining balance to continue growing.
Partial Withdrawals
Members can make partial withdrawals for specific purposes, such as education, medical expenses, or purchasing a house. The KWSP Wangsa Maju branch is a valuable resource for Taman Melawati residents seeking additional information.
Updates on July 10, 2023, For any inquiries or additional information, can connect with the KWSP Wangsa Maju branch
The EPF Media Desk of the Corporate Affairs Department issued a press release clarifying that there will be no changes to existing members’ current lump sum withdrawals at ages 55 and 60. The current monthly withdrawal option is voluntary and applies only to opt-in members. The proposed mandatory monthly withdrawal option will only apply to new EPF members born in or after 2010 and registered with the EPF after the implementation date.
The first payout under this mandatory option will be made when these new members retire, which is expected to be in the distant future. The EPF emphasises that any decision on the monthly compulsory withdrawal will be carefully considered and aligned with the best interests of its members. The mandatory monthly withdrawal will align Malaysia with global practices, as the country is currently among the few allowing lump sum withdrawals instead of regular payouts. The KWSP Wangsa Maju office is at your service for Taman Melawati residents looking to gather more information.
The press release can be found on KWSP’s official website below link:
EPF Investment Scheme
To ensure that members’ savings grow over time, the EPF offers an investment scheme where a portion of the contributions is invested in various financial instruments, including government securities, bonds, and equities. The EPF aims to generate reasonable returns on investments while maintaining a prudent level of risk.
Employer’s EPF Contribution Management
Employers play a crucial role in contributing to their employees’ EPF savings. The EPF ensures that employers comply with the contribution requirements and facilitates the transfer of contributions from employers to employees’ EPF accounts.
EPF Retirement Advisory and EPF Sustainable Investment Services
The EPF provides retirement advisory and EPF Sustainable Investment services to help members plan for a financially secure retirement. These services include information on EPF schemes and financial counselling to guide members in making informed decisions about their savings. Email to sustainability@epf.gov.my
Online Services through i-Akaun Portal – KWSP Member, Employer and Business Partners
EPF provides an advanced and user-friendly i-Akaun portal catering to the needs of KWSP members, employers, and business partners. This digital platform offers many convenient services, enhancing accessibility and efficiency in managing EPF-related matters. Here’s a breakdown of the online services provided:
KWSP i-Akaun (Member)
Account Management
KWSP members can access their EPF accounts through the i-Akaun (Member) portal, https://secure.kwsp.gov.my/member/member/login. They can view their account balances, contributions, and transaction histories online.
Nomination of Beneficiaries
Members can update or nominate beneficiaries for their EPF savings, ensuring their loved ones are financially protected in unforeseen circumstances.
Withdrawal Applications
Eligible members can initiate withdrawal applications for specific purposes, such as education, housing, or medical expenses, directly through the i-Akaun portal.
EPF Statements and Notifications
The i-Akaun portal provides easy access to EPF statements and notifications, enabling members to stay informed about their account activities.
i-Akaun (Employer)
EPF Contributions Management:
Employers can use the i-Akaun (Employer) portal, https://secure.kwsp.gov.my/employer/employer/login?0, to efficiently manage their employees’ EPF contributions. They can access and update employee details, contribution amounts, and submission of monthly contribution schedules.
Contribution Statements
Employers can access detailed contribution statements for each employee, ensuring transparency and compliance with EPF regulations.
Employer e-Caruman
The i-Akaun (Employer) portal allows employers to conveniently make EPF contributions online through the secure Employer e-Caruman facility.
i-Akaun (Business Partner)
EPF Submission and Verification
Business partners can submit EPF-related documentation and verification requests directly through the i-Akaun (Business Partner) portal, https://secure.kwsp.gov.my/thirdparty/login. This service streamlines processes and reduces manual paperwork.
Business Partner e-Caruman
The i-Akaun (Business Partner) portal offers a seamless e-Caruman facility for business partners, allowing them to make contributions on behalf of their clients electronically.
Centralised Locations for Convenience
EPF’s commitment to accessibility is reflected in the well-planned locations of its offices and service points. These facilities are in central areas, making it more convenient for members and employers to access EPF services without unnecessary travel or long commutes.
Offices
EPF offices are key touchpoints for members and employers to interact directly with EPF personnel. Here, members can manage their EPF accounts, inquire about their savings, seek advice on investment options, and receive retirement planning assistance. Employers can also conduct EPF-related business through offices, such as managing contributions and verifying employees’ EPF details.
Self-Service Terminals (SSTs) and Kiosks
To provide greater accessibility, EPF has introduced Self-Service Terminals (SSTs) and Kiosks at various locations. These self-help stations enable members and employers to conduct EPF transactions independently. SSTs and Kiosks offer multiple services, including account inquiries, updating personal information, and performing various EPF transactions quickly and efficiently.
KWSP Kiosks offer a remarkable level of convenience for EPF members by being readily available in local banks, such as the RHB Bank in Suria KLCC. The presence of these kiosks within banking institutions makes it incredibly accessible for individuals to manage their EPF accounts without the hassle of visiting dedicated EPF offices. Whether it’s checking your account balance, printing statements, or updating personal information, these self-service kiosks empower members to take control of their retirement savings conveniently and efficiently.
Furthermore, the accessibility of KWSP Kiosks in high-traffic locations like Suria KLCC ensures that EPF members have the flexibility to access these services at their convenience. With one of the kiosks located near Suria KLCC, a popular shopping and business hub in Kuala Lumpur, members can easily incorporate EPF-related tasks into their daily routines, making financial planning and account management more accessible than ever before. This level of convenience aligns with modern lifestyles, allowing individuals to stay on top of their retirement savings effortlessly.
To search for the nearest EPF office, SST and kiosk, visit KWSP’s official website,