What is the new EPF Basic Savings target by 2028?

Question

## The Employees Provident Fund (EPF) will raise the Basic Savings threshold to RM390,000 by January 1, 2028.

Accepted Answer

The Employees Provident Fund (EPF) is implementing a phased increase in its Basic Savings target, aiming for RM390,000 by the beginning of 2028. This adjustment is part of a broader strategy to enhance retirement income adequacy in Malaysia, reflecting increased life expectancies and a growing ageing population. The move signifies a commitment to ensuring members have sufficient funds to cover their needs throughout their retirement years.

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What is the new EPF Basic Savings target by 2028?

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