Budget 2027: Every Malaysian Turns 18 With An EPF Account From Now On, But Will They Use It?

Budget 2027 will automatically register every Malaysian as an EPF member at 18 — but with 7.5 million existing members already inactive, the harder challenge isn't getting people into the system. It's getting them to save.

The Rakyat Post Adeline Leong · News & blogs · 2 hr ago

Key takeaways

Malaysia will automatically enroll citizens in EPF at 18 to promote early retirement savings, but contributions require active participation.

All Malaysians will be automatically enrolled in EPF at 18, regardless of employment status.
Savings only accumulate with active contributions from employment or voluntary deposits.
Parents support the move but suggest government contributions could boost participation.

Summarised automatically by AI from the original article by The Rakyat Post. AI can make mistakes, so check the original for details.

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As announced in Budget 2027, all Malaysian citizens will be automatically registered as Employees Provident Fund (EPF) members upon turning 18.

This was done in hopes of encouraging earlier retirement savings and improving social protection, even if youths have not joined the formal workforce yet. Previously, registration only happened when EPF received an individual’s first contribution from an employer, or via voluntary self-registration.

However, savings will not accumulate automatically unless active contributions are made through employment or voluntary deposits.

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Story details

Published: October 14, 2026 at 6:06 AM UTC
By: Adeline Leong
Section: Malaysia
Format: Article
Original: therakyatpost.com ↗

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The Rakyat Post Budget 2027: Every Malaysian Turns 18 With An EPF Account From Now On, But Will They Use It? (this story)

Budget 2027: Every Malaysian Turns 18 With An EPF Account From Now On, But Will They Use It?

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