KUALA LUMPUR, Sept. 26 -- The Employees Provident Fund (EPF) will increase the withdrawal threshold for members with excess savings from 2026, allowing them greater flexibility in managing retirement funds as living costs and life expectancy continue to rise.

The pension fund said excess savings would refer to balances above RM1.1 million starting next year, compared with the current definition of RM1 million, the New Straits Times reported.

Members will be permitted to withdraw any amount beyond RM1.1 million in 2026, RM1.2 million in 2027, and RM1.3 million in 2028 under the revised limits.

EPF said the move is intended to match rising living costs and longer life expectancy while still safeguarding sufficient savings for members' re...