KUALA LUMPUR — The Employees Provident Fund (EPF) today unveiled three new initiatives— i-Legasi, i-Emas and the Retirement Goal Calculator — designed to strengthen retirement planning and financial resilience across generations.
EPF chief executive officer Ahmad Zulqarnain Onn emphasised that retirement planning should extend beyond simply accumulating savings to ensure adequacy and sustainability, Bernama reported.
“We are evolving to support our members not only in savings, but in making informed decisions to ensure their savings last a lifetime and to leave a legacy for their loved ones,” he said in a statement today.
The i-Legasi facility allows members to transfer a portion of their EPF savings into the accounts of immediate family members once they reach full withdrawal age.
Meanwhile, the existing monthly withdrawal option under the Age 55/60 Withdrawal scheme has been rebranded as i-Emas to highlight the importance of managing savings as a sustainable source of income.
Instead of withdrawing their savings in full upon reaching age 55 or 60, members can now receive automated monthly payments, allowing their remaining balance to continue earning annual dividends.
“Over 21,000 members have opted for monthly withdrawals upon reaching age 55/60, showing a growing awareness of the need for structured monthly income post-retirement,” Ahmad Zulqarnain said.
He added that i-Emas offers flexibility in managing day-to-day expenses while protecting members from financial risks such as scams and rapid fund depletion, ensuring a stable income flow throughout retirement.
The Retirement Goal Calculator, accessible through the EPF i-Akaun application, is a digital tool that assists members in planning their retirement more effectively by estimating future savings requirements based on anticipated lifestyle and projected expenses. – May 11, 2026