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i-Citra – how the poor will lose their retirement savings

PRIME Minister Muhyiddin Yassin announced that the Employees’ Provident Fund (EPF) will introduce a new withdrawal scheme for its members called i-Citra.

This allows members to withdraw up to RM5,000 from their retirement funds, applications will start on 15 July, and the first payment is expected to be credited into members’ account in August 2021. i-Citra is expected to channel RM30 billion to the rakyat.

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