New Employees Provident Fund policies in 2026
As Malaysians step into the new year, the Employees Provident Fund (EPF) is rolling out a range of fresh policies and product updates that take effect on 1st January 2026. These changes are designed to help members plan for retirement more confidently, make savings more flexible, and bring in new benefits for different groups of workers.
Here’s what you should know about it:
What’s new for EPF members in 2026?
Image credit: Towfiqu Barbhuiya via Unsplash
One of the standout updates is a much higher Hajj Withdrawal limit. If you are planning to perform the Hajj, you can now withdraw up to RM10,000 for the journey, an increase from the previous total of RM3,000 in 2025.
The process has also been simplified so members do not need to verify balances in their Tabung Haji accounts.
Image credit: Ringgit Plus via Website
In a first for gig economy workers, the i-Saraan Plus programme has been launched. This lets e-Hailing and p-Hailing drivers make voluntary retirement contributions and enjoy a higher government matching incentive of up to RM600 a year, with a lifetime cap of RM6,000.
Meanwhile, the i-Suri scheme for female members now extends eligibility up to age 60, aligning with Malaysia’s national retirement age.
A fresh approach for retirement
Image credit: Freepik via Website
Another major shift is the rollout of the Retirement Income Adequacy Framework, or RIA. This framework introduces clear savings tiers, beginning with basic to enhanced retirement, to help members judge how much they should aim to save for a comfortable retirement.
For those with savings over RM1 million, the EPF has also made it easier to access excess funds once retirement needs are met. This change will be phased in gradually over the next three years, starting with RM1.1 million in 2026.
On top of that, the eligibility rules for the Members Investment Scheme are being adjusted to protect core retirement savings.
EPF has also updated the names of some voluntary contribution options. For example, i-Simpan now refers to self-contributions, and i-Topup is for contributions above the statutory rate, making it easier for members to choose how they save.
Further details can be found at KWSP’s official website.
New EPF policies to know about in 2026
With these changes now in motion, the EPF is encouraging Malaysians to take a fresh look at their retirement planning and use the new tools available to save smarter. Whether you are a long-time EPF member or just starting in the workforce, 2026 brings practical options to help you build a more secure financial future.
Cover image adapted from: Towfiqu Barbhuiya via Unsplash & KWSP via Website