[ad_1]
PUTRAJAYA: Members of the Employee Provident Fund (EPF) who have not contributed to the fund for some time, who have lost their jobs, have no paid license, homemakers, and those whose total income has been reduced by at least one 30% are eligible for the i -Installation seminars.
In announcing the details and criteria of the facility, EPF said that i-Sinar is now open to up to eight million of its members in two categories.
In Category 1, members who have not contributed to the EPF for at least two consecutive months on the application, or those who are still working but have had their base salary reduced by 30% or more as of March can make withdrawals.
“For this category, applicants do not need to submit supporting documents, as approval is automated based on internal EPF data. Members will only need to submit their application online starting December 21, ”he said on Wednesday (December 2).
Eligible members in this category include workers in the formal sector, self-employed, workers in the gig economy, those who have not contributed to the EPF for a period of time, have lost their jobs, homemakers, or are not on pay leave .
Payment will be made from mid-January 2021.
For Category 2, eligible members include those whose total income has decreased by 30% or more from March of this year onward.
EPF further explained that total earnings include base salary and other benefits such as allowances and overtime, and the reduction can only be verified with supporting documents.
Those applying for i-Sinar facility under this category must submit their pay slip before and after the reduction in earnings and the employer’s notification of suspension or reduction of allowances and / or overtime claims.
“For members who are unable to provide the above supporting documents, other relevant supporting documents, such as a bank statement or a written acknowledgment from the employer, will be given due consideration,” he said.
Members who fall into this category can begin applying online on January 11, 2021, and the status of the application will be notified to members within two to three weeks after it is submitted.
Payment will be made before the end of the month following approval of the application.
For both categories, the online application can be made through isinar.kwsp.gov.my.
EPF said that the amount eligible for i-Sinar is subject to the member’s Account 1 balance, where those with 100,000 ringgit or less in the account can withdraw any amount up to 10,000 ringgit.
Payments will be staggered over a maximum period of six months, with the first payment up to RM5,000.
Members with more than RM100,000 in Account 1 can withdraw a maximum of 10% of their savings in the account, up to RM60,000, whichever is less.
Payments will be staggered over a maximum period of six months, with the first payment of up to RM 10,000.
“To ensure that the application process is smooth, members who register with i-Akaun are encouraged to update their mobile phone number to receive the Transaction Authorization Code (TAC) at EPF kiosks or counters, as well like making sure their bank account number is active, ”EPF said.
During the presentation of the Budget 2021, the government had announced that it would allow those who had lost their jobs or had their income reduced as a result of the Covid-19 pandemic to withdraw from their EPF 1 Account.
[ad_2]
