Under Budget 2027, Prime Minister Datuk Seri Anwar Ibrahim announced that Employees Provident Fund (EPF) members aged 55 and 60 can opt for monthly withdrawals under the i-Emas scheme, allowing savings kept with the fund to continue earning annual dividends. Malay Mail examined the measure in a report on Thursday (November 5).
The retirement challenge
The report notes that many Malaysians build up retirement savings over decades but then face the challenge of making the money last for the rest of their lives. The government is encouraging EPF members to consider monthly withdrawals instead of taking a large lump sum. The headline asks whether this approach can keep retirees from running out of money, and the excerpt reviewed does not provide the full analysis.
Support for those over 60
In a separate explainer, Malay Mail said Malaysians aged 60 and above are among those who stand to benefit from Budget 2027, with assistance varying according to income, employment and retirement status.
Planning tips
Financial planners generally advise comparing the dividend rate, expected living costs and health expenses before choosing between a lump sum and monthly payouts. Members should consult EPF's official channels for eligibility rules, withdrawal amounts and application steps, as the reports do not detail them.
Sources: Malay Mail - Budget 2027: Can monthly EPF withdrawals keep retirees from running out of money? | Malay Mail - What Budget 2027 offers Malaysians over 60
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