Wan Fayshal: EPF not a solution to financial problems

Bersatu Youth chief Wan Ahmad Fayhsal Wan Ahmad Kamal told reporters today that he agrees with the government that EPF is not a solution for people facing financial problems.

Previously, Finance Minister Tengku Zafrul Abdul Aziz maintained that no further withdrawal will be allowed.

He pointed out that the government had already allowed withdrawals of up to RM71,000 since the Covid-19 pandemic began.

He had cautioned that over six million members have less than RM10,000 left in their retirement savings and further withdrawals will burden the future generation who must support the elderly who cannot afford retirement.