Finance Minister: Covid-19 related EPF withdrawals led to lower 2021 conventional savings rate | Malay Mail

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Finance Minister: Covid-19 related EPF withdrawals led to lower 2021 conventional savings rate

KUALA LUMPUR, Mar 14 — Finance Minister Datuk Seri Tengku Zafrul Abdul Aziz today said that the Employees Provident Fund’s 6.1 per cent dividend for conventional savings for 2021 could have been 6.7 per cent if previous unprecedented Covid-19-related withdrawals were not allowed.

“Actually, I never said this previously, that without the withdrawals, dividend rates for EPF conventional savings for 2021 supposedly could touch 6.7 per cent compared to 6.1 per cent which was announced recently.

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