EPF dividend 2023

Good news for EPF members!

The Employees Provident Fund (EPF) has announced a dividend rate of 6.50% for the year 2023. This is a slight increase from the 6.25% dividend rate declared for 2022. The dividend will be credited to the EPF accounts of members by the end of March 2023.

Who is eligible for the EPF dividend?

All EPF members who have contributed to their EPF account for at least 12 months during the financial year 2022-23 are eligible for the dividend. This includes both active and inactive members.

How is the EPF dividend calculated?

The EPF dividend is calculated on the basis of the member's average balance in their EPF account during the financial year. The dividend rate is applied to the average balance to determine the amount of dividend payable to the member.

What is the minimum dividend amount?

The minimum dividend amount payable to an EPF member is RM50. This means that even if your average balance in your EPF account is less than RM50, you will still receive a dividend of RM50.

How can I check my EPF dividend?

You can check your EPF dividend online through the EPF website or mobile app. You will need to have your EPF account number and password to access your account.

Can I withdraw my EPF dividend?

Yes, you can withdraw your EPF dividend if you meet certain criteria. You can withdraw your dividend if you are:

* At least 50 years old
* Have been an EPF member for at least 10 years
* Not currently employed

You can withdraw your dividend by submitting a withdrawal form to your EPF office.

Conclusion

The EPF dividend is a great way to save for your retirement. The dividend is tax-free and it can help you to grow your retirement savings. If you are an EPF member, make sure to take advantage of this opportunity to save for your future.