Benefits Invest In Unit Trust Using Epf

The benefits of investing through epf mis.

Benefits invest in unit trust using epf. You can invest in less than 5 minutes using epf s i invest platform. Diversify with selected overseas and domestic funds. Epf allows you to use a portion of your account 1 savings to invest in unit trusts you don t even need to fork out any extra cash. Therefore withdrawing a sum from your epf savings to invest in a unit trust fund is indeed a good way to boost your retirement savings.

The best way to invest in unit trusts is directly through a low cost unit trust provider. It also enables members to compare different unit trust funds offered by the fmis monitor their investment funds through their i akaun and look up information on cost of investment historical performance as well as required statutory information. Unit trust returns tend to outperform epf annual dividend rate. Charges erode returns so the less you pay to access an investment the more cash will be left to grow for you.

A charge of 1 or more may not sound like much but these tiny percentages add up to a huge amount in time. Even those who decide against using their epf money to invest in unit trusts are likely to benefit from using a portion of their monthly discretionary cash flow from their salaries to invest in. Via i invest members can choose to invest in unit trust funds offered by epf approved fund management institutions fmis. Eligible epf members can now benefit from the self service i invest online platform within the epf i akaun member portal.

Ways to invest in unit trusts. It diversifies your portfolio and minimises your risk of loss. Investments under the mis are on a voluntary basis and provide members with another avenue to enhance their retirement savings. How it works effective january 1 2017 members are allowed to invest up to 30 of excess savings compared to the previous 20 limit.

Wide range of epf qualified unit trust funds. Written by tharmini kenas. First let s go through the fundamental benefits that you will always hear from your unit trust consultant when it comes to withdrawing your epf savings to invest unit trust. I invest provides greater flexibility functionality and convenience for members to invest transact and monitor their unit trusts investment anytime and anywhere.

Why we should invest using epf. Better return in long term unit trust funds normally have better. Here are the few benefits of epf member investment scheme. Withdrawal of epf acccount 1 for unit trust investment can be done on a quarterly basis not more than 20 of savings in excess of the basic savings amount in account 1.