How did the EPF savings rate change from May 2025 to May 2026?

Question

Accepted Answer

EPF Savings Rate Shows Notable Increase by May 2026

As of May 31, 2026, 38.3 per cent of Employees Provident Fund (EPF) contributors aged 18 to 60 had met the basic savings target of RM390,000 by age 60. This represents a significant increase from the 35.0 per cent who had achieved the same target as of May 31, 2025. The improvement is attributed to EPF's initiatives aimed at enhancing members' retirement funds.
Increase in Contributors Meeting Basic Savings Target

The number of EPF contributors aged 18 to 60 who met the basic savings target saw a substantial rise. By May 31, 2026, a total of 3.04 million members, constituting 38.3 per cent of the 7.94 million in this age bracket, had achieved the RM390,000 benchmark. This figure is up from May 31, 2025, when 2.71 million members, or 35.0 per cent of the 7.74 million in the same category, had reached the target.
EPF Initiatives Driving Savings Growth

The Employees Provident Fund has been actively implementing measures to boost retirement savings adequacy among its members. These initiatives have directly contributed to the observed increase in the savings rate. The EPF has focused on broadening the accessibility of voluntary savings top-up channels, making it easier for members to supplement their retirement funds.
Methodology for Measuring Savings Adequacy

Savings adequacy is assessed by evaluating whether EPF contributors have successfully met the established Basic Savings target corresponding to their specific age group. The RM390,000 target for individuals by the age of 60 serves as a key benchmark in this evaluation process. This systematic approach allows for tracking progress and identifying areas for further intervention.

Reading history

Hide →

This history is cleared when the page is closed.

How did the EPF savings rate change from May 2025 to May 2026?

Loading

Was this article helpful?

Helpful

Not helpful

Report an issue

1

0

0

Share with friends