Yesterday, the Employees Provident Fund (EPF) announced a new i-Legasi scheme. Normally, we can only have EPF contributions allocated to their personal account. However, i-Legasi was created to give richer Malaysians more options. More details below.
Building a legacy
As the name implies, i-Legasi will let Malaysians leave a 'legacy' for their children. Now, EPF contributors over the age of 55 can transfer a portion of their retirement savings to their children. Experts suggest that i-Legasi would be ideal for contributors with more cash in their funds, as they could afford to transfer excess funds.
According to Dr Ida Md Yasin, an Associate Professor at the Universiti Putra Malaysia, i-Legasi isn't implemented to encourage the transfer of a retiree's savings. Instead, it provides Malaysians with the option to transfer funds within EPF. Dr Rajendaran Vairavan, a licensed financial planner, described it as a shift of "personal retirement planning" to "intergenerational financial planning".
Dividend announced
In related news, EPF also announced a 6.15% dividend. EPF CEO Ahmad Zulqarnain Onn confirmed a payout of RM67.1 billion for the conventional accounts and RM12.5 billion for Simpanan Syariah accounts. As of 31 December 2025, the total distributable income is RM82.7 billion, up from RM75.5 billion (9.5% yoy) for 2024. If you want to know more about EPF's 2025 performance, visit the EPF website for more details.
So, what do you think of EPF's i-Legasi scheme? Are you satisfied with the dividend announced? Let us know in the comments below, and stay tuned to TechNave for more news like this.
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