Budget 2027: Every Malaysian Turns 18 With An EPF Account From Now On, But Will They Use It?
Budget 2027 will automatically register every Malaysian as an EPF member at 18 — but with 7.5 million existing members already inactive, the harder challenge isn't getting people into the system. It's getting them to save.
As announced in Budget 2027, all Malaysian citizens will be automatically registered as Employees Provident Fund (EPF) members upon turning 18.
This was done in hopes of encouraging earlier retirement savings and improving social protection, even if youths have not joined the formal workforce yet. Previously, registration only happened when EPF received an individual’s first contribution from an employer, or via voluntary self-registration.
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This is a brief of a report by another newsroom. The excerpt below is from the original.
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About this story
- Source
- The Rakyat Post
- Originally published
- Oct 14, 2026
- Updated here
- Oct 14, 2026
- Produced by
- Malaysia Times desk (brief) — reporting by the source
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