EPF i-Invest Application (Malaysia)
EPF i-INVEST APPLICATION FORM
Employees Provident Fund Act 1991, Section 54 | Capital Markets and Services Act 2007 | Personal Data Protection Act 2010
Application Date: [Application Date]
Agent Bank / Channel: [Agent Bank]
SECTION A — EPF MEMBER DETAILS
Full Name: [Member Name]
NRIC No.: [Member NRIC]
EPF Membership No.: [EPF Member Number]
Date of Birth: [Member DOB]
Contact No.: [Member Phone]
Address: [Member Address]
SECTION B — INVESTMENT DETAILS
EPF-Approved Fund: [Fund Name]
Fund Manager: [Fund Manager]
Shariah-Compliant: [Shariah]
Current Account 1 Balance (RM): [Account 1 Balance]
EPF Withdrawal Amount (RM): [Withdrawal Amount]
Sales Charge: [Sales Charge]
Net Investment Amount (RM): [Net Investment]
SECTION C — DECLARATION
I, [Member Name] (NRIC: [Member NRIC], EPF No.: [EPF Member Number]), hereby authorise the Employees Provident Fund (EPF) Board to withdraw [Withdrawal Amount] from my Account 1 (Favourite Account) and transfer the net investment amount of [Net Investment] to [Fund Manager] for subscription of units in [Fund Name], pursuant to Section 54 of the Employees Provident Fund Act 1991.
I acknowledge that: (a) this investment is subject to market risk and returns are not guaranteed by EPF; (b) the EPF minimum dividend guarantee under Section 27(9) of the EPF Act 1991 does not apply to i-Invest amounts; (c) I have received and read the fund's prospectus approved by the Securities Commission Malaysia; (d) I am not an undischarged bankrupt under the Insolvency Act 1967; and (e) the withdrawal amount does not exceed my eligible limit of 30% of (Account 1 Balance minus RM 10,000).
I consent to the collection, processing, and use of my personal data by EPF, [Agent Bank], and [Fund Manager] for processing this application and ongoing account administration under the Personal Data Protection Act 2010 (PDPA 2010).
Member Signature: _______________________________
Name: _______________________________
Date: _______________________________
FOR AGENT BANK / EPF USE ONLY
Received by: _______________________________
Staff ID: _______________________________
Branch Stamp: _______________________________
Date: _______________________________
EPF Member
________________
Signature
What Is a EPF i-Invest Application (Malaysia)?
An EPF i-Invest Application in Malaysia records the information required to apply for the registration or permit involved.
The EPF is a mandatory provident fund for Malaysian employees under the EPF Act 1991, administered by the Employees Provident Fund Board (Lembaga Kumpulan Wang Simpanan Pekerja, KWSP). Employees contribute 11% of their monthly wages (or a higher elective rate), and employers contribute 13% (for employees earning RM 5,000 or below) or 12% (for employees earning above RM 5,000) under the EPF Act 1991 and the Third Schedule thereto.
Under the i-Invest program, eligible EPF members — aged 18 to 55, with an Account 1 (Favourite Account) balance exceeding RM 10,000 — may invest up to 30% of the amount in Account 1 exceeding RM 10,000 in approved unit trust funds from EPF's approved fund list. For example, a member with RM 50,000 in Account 1 may invest up to 30% of RM 40,000 (RM 50,000 minus RM 10,000) = RM 12,000.
The EPF's approved fund list includes funds from SC-licensed fund managers that meet EPF's qualification criteria — including minimum fund size (RM 100 million), minimum 3-year track record, maximum annual management fee (1.5% for equity funds, 1.0% for bond funds), and maximum sales charge (3% for equity funds). The i-Invest program has been updated to include digital investment platforms such as EPF's i-Akaun app, enabling members to make i-Invest applications online without visiting an EPF office or agent bank.
Returns from i-Invest unit trust investments are not guaranteed by EPF — members bear full investment risk. This contrasts with the EPF dividend guarantee under Section 27(9) of the EPF Act 1991, which guarantees a minimum annual dividend of 2.5% on EPF savings maintained in members' accounts.
The legal framework governing the EPF i-Invest Application (Malaysia) in Malaysia draws on several key statutes and regulatory bodies. Under Malaysian law, the Contracts Act 1950 (Act 136) governs contractual obligations. The Companies Act 2016 (Act 777) regulates corporate entities through the Companies Commission of Malaysia (SSM). The Employment Act 1955 (Act 265) and the Department of Labour govern employment matters. The Personal Data Protection Act 2010 (Act 709) and the Personal Data Protection Department protect personal data. The Inland Revenue Board of Malaysia (LHDN) administers tax obligations. The Industrial Court adjudicates employment disputes under the Industrial Relations Act 1967 (Act 177). Parties executing a EPF i-Invest Application (Malaysia) in Malaysia should confirm the document reflects current law, including any amendments enacted since the original drafting date. The Financial Services Act 2013 (Act 758) sets the foundational requirements.
When Do You Need a EPF i-Invest Application (Malaysia)?
An EPF i-Invest Application in Malaysia is needed whenever an eligible EPF member wishes to direct a portion of their Account 1 (Favourite Account) savings to an approved unit trust fund.
An EPF i-Invest Application is required when a member in their 30s or 40s seeks higher potential long-term returns by investing EPF savings in equity-based unit trust funds that may outperform the EPF's guaranteed minimum dividend over a long investment horizon.
An EPF i-Invest Application is needed when a member wishes to diversify their retirement savings beyond the EPF's pooled investment portfolio, which is managed conservatively under the EPF's Investment Policy with a mandate to preserve capital and achieve sustainable returns.
An EPF i-Invest Application is required when a member applies through an appointed agent bank — such as Maybank Berhad, CIMB Bank Berhad, or AmBank Berhad — or through the EPF i-Akaun digital platform to invest in a specific approved fund. The agent bank processes the application and transfers funds from EPF to the fund manager on the member's behalf.
An EPF i-Invest Application is needed when a member wishes to invest EPF savings in a Shariah-compliant unit trust fund, as several Islamic fund managers offer EPF-approved Shariah-compliant equity and balanced funds on EPF's approved fund list.
An EPF i-Invest Application is required when a member rebalances their i-Invest portfolio — switching from one approved fund to another — which requires submitting a new application through the agent bank or EPF i-Akaun platform specifying the fund to be redeemed and the replacement fund.
Parties in Malaysia should prepare a EPF i-Invest Application (Malaysia) proactively rather than waiting for a dispute to arise. Courts interpret agreements based on the written terms rather than oral representations. Under Malaysian law, the Contracts Act 1950 (Act 136) governs contractual obligations. The Companies Act 2016 (Act 777) regulates corporate entities through the Companies Commission of Malaysia (SSM). The Employment Act 1955 (Act 265) and the Department of Labour govern employment matters. The Personal Data Protection Act 2010 (Act 709) and the Personal Data Protection Department protect personal data. The Inland Revenue Board of Malaysia (LHDN) administers tax obligations. The Industrial Court adjudicates employment disputes under the Industrial Relations Act 1967 (Act 177). Where the transaction involves regulated activities, prior approval from the relevant authority may be required before execution.
What to Include in Your EPF i-Invest Application (Malaysia)
A valid EPF i-Invest Application in Malaysia must contain the following essential elements, consistent with EPF's approved fund list requirements and the EPF Act 1991.
Member Identification: Full name as per MyKad; NRIC number; EPF membership number; date of birth; contact number and email address; and declaration of Malaysian citizenship or permanent residency. The applicant must be aged 18 to 55 and have an Account 1 (Favourite Account) balance exceeding RM 10,000.
Fund Selection: Name of the approved unit trust fund selected from EPF's approved fund list; name and SC CMSL number of the fund manager; fund category (equity, balanced, bond, or money market); and whether the fund is conventional or Shariah-compliant.
Investment Amount: The amount to be withdrawn from EPF Account 1 in RM, which must not exceed 30% of the balance in Account 1 exceeding RM 10,000. The form should calculate the maximum investable amount and confirm compliance with the EPF Act 1991, Section 54 withdrawal conditions.
Sales Charge Declaration: The applicable initial sales charge (maximum 3% for equity funds under EPF's approved fund list criteria) and the net investment amount after deducting the sales charge. The net amount is the actual amount invested in units.
Risk Suitability Declaration: A declaration by the member confirming they understand: (a) that unit trust investments carry investment risk and returns are not guaranteed; (b) that the EPF's minimum dividend guarantee under Section 27(9) of the EPF Act 1991 does not apply to i-Invest amounts; and (c) that the investment is consistent with their investment objectives and risk tolerance.
PDPA 2010 Consent: Consent for EPF (KWSP), the agent bank, and the fund manager to collect, process, and share the member's personal data for processing the i-Invest application and ongoing account administration, consistent with the Personal Data Protection Act 2010 (PDPA 2010).
Authorised Signature: The member's signature authorising the EPF to debit Account 1 by the stated amount and transfer the funds to the nominated fund manager. For applications through agent banks, the bank's stamp and officer signature confirm receipt.
Additional compliance elements for a EPF i-Invest Application (Malaysia) used in Malaysia include: Under Malaysian law, the Contracts Act 1950 (Act 136) governs contractual obligations. The Companies Act 2016 (Act 777) regulates corporate entities through the Companies Commission of Malaysia (SSM). The Employment Act 1955 (Act 265) and the Department of Labour govern employment matters. The Personal Data Protection Act 2010 (Act 709) and the Personal Data Protection Department protect personal data. The Inland Revenue Board of Malaysia (LHDN) administers tax obligations. The Industrial Court adjudicates employment disputes under the Industrial Relations Act 1967 (Act 177). Forms-legal.com provides this template as a starting point for Malaysia-compliant documentation.
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author = {{Forms Legal}},
title = {EPF i-Invest Application (Malaysia) (Malaysia)},
year = {2026},
howpublished = {\url{https://forms-legal.com/malaysia/financial/forms/epf-i-invest-malaysia}},
note = {Free legal document template. Based on Financial Services Act 2013 (Act 758)}
}Frequently Asked Questions
To be eligible for the EPF i-Invest program under Section 54 of the Employees Provident Fund Act 1991, the EPF member must: (1) be a Malaysian citizen or permanent resident; (2) be aged between 18 and 55 years on the date of application; (3) have an Account 1 (Favourite Account) balance exceeding RM 10,000; and (4) not be classified as a bankrupt under the Insolvency Act 1967 (bankrupts cannot withdraw EPF savings for investment). The maximum investable amount is 30% of the balance in Account 1 exceeding RM 10,000. EPF members who have attained age 55 may access full savings withdrawal under Section 54(1) of the EPF Act 1991 and are generally advised to consider the EPF Flexible Account or other retirement withdrawal options rather than i-Invest. The EPF i-Invest program is available through EPF's i-Akaun online platform, appointed agent banks, and EPF counter services.
Under the EPF i-Invest program, the maximum withdrawal amount is 30% of the balance in EPF Account 1 (Favourite Account) that exceeds RM 10,000. The formula is: Maximum Investment = 30% × (Account 1 Balance − RM 10,000). For example, if Account 1 contains RM 80,000, the maximum investment is 30% × (RM 80,000 − RM 10,000) = 30% × RM 70,000 = RM 21,000. This amount is further reduced by any existing i-Invest investments not yet redeemed. The minimum investment per transaction is typically RM 1,000 (subject to the fund manager's minimum). The RM 10,000 retained in Account 1 cannot be withdrawn under i-Invest — it forms the protected EPF balance. These limits are set under Section 54 of the EPF Act 1991 and EPF's Members Investment Scheme guidelines. Under Malaysia law, Financial Services Act 2013 (Act 758), parties should seek independent legal advice from a qualified lawyer to confirm compliance with all applicable requirements. Under Malaysian law, the Contracts Act 1950 (Act 136) governs contractual obligations. The Companies Act 2016 (Act 777) regulates corporate entities through the Companies Commission of Malaysia (SSM). Forms-legal.com provides this template as a starting point for Malaysia-compliant documentation.
EPF i-Invest returns are not guaranteed. EPF members who invest under i-Invest bear the full investment risk of the chosen unit trust fund — the value of units can rise or fall depending on market conditions. This is fundamentally different from savings kept in the EPF account, which earn a guaranteed minimum annual dividend of 2.5% under Section 27(9) of the Employees Provident Fund Act 1991 (and historically 5% to 6.75% for conventional savings). In years when the unit trust fund underperforms, members may receive less than they would have earned from the EPF dividend. The Securities Commission Malaysia's Guidelines on Unit Trust Funds require fund managers to include a risk disclosure statement in their prospectus and sales materials. EPF recommends that members consider their investment objectives and risk tolerance before making i-Invest withdrawals, particularly for members approaching retirement age.
Yes. EPF members can redeem their i-Invest unit trust investments at any time, subject to the unit trust fund's own redemption terms. Most equity and balanced unit trusts in Malaysia allow daily redemption at the prevailing NAV price. Upon redemption, the proceeds are paid directly to the member — the funds do not return to the EPF account. This is a key distinction from EPF savings: once withdrawn under i-Invest and invested in a unit trust, the funds are no longer protected by EPF's guaranteed minimum dividend under Section 27(9) of the EPF Act 1991 and cannot be redeposited into the EPF account. Some unit trust funds may impose a short-term redemption fee (typically 1% if redeemed within 90 days) to discourage rapid in-and-out trading. Redemption proceeds are subject to income tax if the investment activity constitutes a trade under the Income Tax Act 1967.
The EPF maintains an approved fund list for the i-Invest program, consisting of unit trust funds managed by Securities Commission Malaysia-licensed fund managers that meet EPF's qualification criteria. As of 2025, EPF-approved funds include offerings from Public Mutual Berhad, CIMB-Principal Asset Management, Maybank Asset Management, Affin Hwang Asset Management, AmFunds Management, and others. Qualification criteria include: minimum fund size of RM 100 million, minimum 3-year track record of consistent performance, maximum initial sales charge of 3% for equity funds, maximum annual management fee of 1.5% for equity funds and 1.0% for bond funds, and compliance with SC's Guidelines on Unit Trust Funds. The complete EPF-approved fund list is published on EPF's website (kwsp.gov.my) and updated periodically. Islamic (Shariah-compliant) funds on the approved list are designated as such, allowing Muslim members to invest in compliance with Shariah principles.
This template is provided for informational purposes only and does not constitute legal advice. Laws vary by jurisdiction and change over time. Consult a qualified attorney for advice specific to your situation.Full disclaimer
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