Budget 2027: All Malaysians to be automatically registered with EPF at 18

Key points

• KUALA LUMPUR, Oct 9 — All Malaysian citizens will be automatically registered as members of the Employees Provident Fund (EPF) upon turning 18 to encourage earlier retirement savings, under a measure announced in Budget 2027.
• Currently, employees are automatically registered with the EPF when the fund receives their first employer contribution.
• The EPF is Malaysia’s main retirement savings fund, with contributions from employees and employers helping members build savings for their later years.

Sentences selected automatically from the original article by Malay Mail.