A BLUEPRINT FOR SUCCESS

Consisting of a waterfront shopping mall, 5-star luxury hotel, resort homes and a 1.2km boardwalk, the Kota Kinabalu City Waterfront is an integrated waterfront revitalization master plan to transform Kota Kinabalu into a premium tourist gateway and a premier second home destination.

A BLUEPRINT FOR SUCCESS

Consisting of a waterfront shopping mall, 5-star luxury hotel, resort homes and a 1.2km boardwalk, the Kota Kinabalu City Waterfront is an integrated waterfront revitalization master plan to transform Kota Kinabalu into a premium tourist gateway and a premier second home destination.

EPF GUIDELINES

Effective 1 January, 2007, a member's EPF savings consists of two accounts that vary by their share of savings and withdrawal flexibilities. The first account, dubbed "Account I", stores 70% of the members' monthly contribution, while the second account, dubbed "Account II", stores 30%. Account I restricts withdrawals to the moment the member reaches an age of 55 years old, is incapacitated, leaves the country or passes away. Withdrawal of savings from Account II however, is permitted for down payments or loan settlements for a member's first house, finances for education and medical expenses, investments, and the time when the member reaches 50 years of age.

WITHDRAWAL TO BUY BUILD HOUSE OR SHOP HOUSE

Requirement
You must be a member of EPF.

Entitlement
With effect from 1 January 2007, EPF BOARD introduced a new system whereby the contributions standing to the credit of and received in respect of each member shall be apportioned into two(2) accounts as follows:



Your entitlement would be 30% of balance available in Purchaser's EPF account II or the difference
between the purchase price and loan amount (whichever is lower).

30% of the amount standing to the credit of the member is kept in Account II which may be withdrawn for housing purposes. It may also be withdrawn, upon the member reaching the age of 50, for retirement plans to be made.

Withdrawal to Purchase a House

This withdrawal allows you to withdraw your savings in Account II to partially finance the purchase of a
house either via:

• Individual purchase; or
• Joint purchase with spouse, family members or other individuals.

Withdrawal Eligibility

You are eligible to apply if you are:

• A Malaysian citizen; or
• A Permanent Resident; or
• A Malaysian citizen who have withdrawn your savings under Leaving The Country Withdrawal before 1 August 1995 but subsequently returned and re-contribute to EPF; or
• A Non-Malaysian citizen (Expatriate) who became a member of the EPF before 1 August 1998.

You need to have savings in your Account II and you must also have not reached 55 years of age on the
date the application is received by the EPF.

Amount Eligible to Withdraw

You can withdraw your savings based on the following, whichever is lower:

1. Individual Purchase
The difference between the price of the house and the housing loan with an additional 10% of the price of the house
OR
All balance available in Account II

2. Joint Withdrawal with Spouse, Family Members or Other Individuals
The difference between the price of the house and the housing loan with an additional 10% of the price of the house
OR
All balance available in Account II of all applicants subject to the maximum eligible amount as stated above

If you obtained a full housing loan (100%), you are eligible to withdraw as much as 10% of the price of the house OR all balance available in Account II, whichever is lower.

If you purchased a house by cash, you are eligible to withdraw as much as the price of the house with an
additional 10% of the price of the house OR all balance available in Account II, whichever is lower.

You can choose to determine the amount you wish to withdraw from your savings in Account II, subject to the maximum amount you are entitled to withdrawal by completing "Surat Akujanji Pilihan Amaun Pengeluaran".

Frequency of Withdrawal

This withdrawal is only allowed for your first house only. However, if you have made a withdrawal
previously to buy your first house and subsequently have sold the house, you may withdraw to buy a
second house. Proof of sale of the first house must be produced.

After making this withdrawal, you are eligible to withdraw your savings to reduce / redeem the housing
loan for the same house once a year.

Housing-related withdrawals are available for members for who are Malaysian citizens or holder of Permanent Residence status. Expatriate members, who became a member of the EPF before 1 August 1998, are also eligible.

Also eligible are Malaysian citizens who have withdrawn their savings under the Leaving the Country
Withdrawal scheme before 1 August 1995, but subsequently elected to re-contribute to EPF.

In addition, you must have remaining balance in Account II to be eligible to apply. Another pre-condition is that you have not reach 55 years of age at the time your application is received.

Specifically for withdrawals to reduce housing loans, you must have at least RM500 balance in your
Account II.

For withdrawals to buy or build a house, there are other conditions that must be met before you become eligible. These conditions are related to the type of houses you are buying or building, as well as the source of financing you obtained for that purpose.

Housing Purpose

For housing purposes, the withdrawal is to enable the member to:
A. buy/build a house or shop house with residential unit
B. reduce/settle balance of housing loan

Procedure

1. Submission of EPF withdrawal form together with the original copy of the Sale and Purchase Agreement
2. Photocopy of your IC
3. A copy of the letter of loan approval from your end-financier

Note: The original Sale and Purchase Agreement, Letter of Loan approval from your end-financier and your original I/C have to be sighted by the EPF officials.

Mode of Payment

The payment will be released directly to the member within a period of 3 to 4 weeks from date of submission.

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