EPF Rolls Out i-Legasi, i-Emas and Retirement Calculator to Strengthen Malaysians’ Retirement Planning
KUALA LUMPUR: The Employees Provident Fund has introduced several new retirement planning measures, including i-Legasi, i-Emas and a Retirement Goal Calculator, as part of efforts to help Malaysians prepare for longer and more financially secure retirement years.
The newly launched i-Legasi facility allows eligible EPF members to transfer part of their retirement savings to the EPF accounts of immediate family members. However, the option is limited to contributors aged 55 or 60 and above whose savings exceed the Adequate Savings threshold.
The initiative is aimed at improving long-term financial resilience among Malaysian families, especially as rising life expectancy means retirees may need to rely on their savings for a longer period. EPF said the measure provides members with another way to support their loved ones while maintaining a more structured approach to retirement planning.
Another key initiative is i-Emas, the rebranded monthly withdrawal facility for members who have reached the age of 55 or 60. Instead of withdrawing their retirement savings in one lump sum, members may opt to receive automated monthly payments.
EPF chief executive officer Ahmad Zulqarnain Onn said more than 21,000 members have already chosen monthly withdrawals after reaching retirement age. He said this reflects stronger awareness among contributors about the importance of having a regular income stream during retirement.
Through i-Emas, members can continue receiving scheduled monthly payments while their remaining EPF balance continues to earn annual dividends. This approach may help retirees manage their money more sustainably and reduce the risk of exhausting their savings too quickly.
EPF has also introduced the Retirement Goal Calculator, a digital planning tool now available through the KWSP i-Akaun application. The calculator helps members estimate how much they may need for retirement based on their expected lifestyle, future expenses and personal financial goals.
By using personalised projections, contributors can assess their current savings position, identify possible shortfalls and make earlier adjustments to improve their retirement readiness.
Ahmad Zulqarnain said EPF’s broader objective is to help members retire with confidence and dignity. He added that the combination of i-Legasi, i-Emas and the Retirement Goal Calculator is designed to encourage better planning, stronger financial discipline and greater security for both current and future generations.
-wilayah.com.my
