Withdrawing EPF money for Holidays
February 7th, 2008
While I was in Malaysia, I heard a story that I thought was rather… shocking.
There’s this person that lives around my neighbourhood. He recently went overseas for a holiday.
What is shocking is that he had withdrawn a sum of money from his Employees’ Provident Fund (EPF) account to fund his holiday trip. In Australia, their version of EPF is called Superannuation Fund, and in the US, if I’m not mistaken, social security right?
Now that’s a ’smart’ move don’t you think? Take note that he still has a lot more years to go through before his retirement.
Filed under Retirement (EPF and etc.) | Comments (16)
