Beginning January 2021; EPF contributors are allow to withdraw money up to RM60,000 from Account 1 via the i-Sinar facility Purpose of i-Sinar - to help those who have been impacted by the prolonged pandemic to make ends meet. The Pros of Withdrawing "Helping" cash - With the i-Sinar facility, contributors will be able to lesser the financial constrain for up to six months (can be used as a top-up for the daily expenses such as food, house rent and transportation etc) Help boost the economy - i t can help to further accelerate the economic recovery because as people have more cash in hand, they will spend to maintain their basic needs. This will then accelerate business activities as the will be demand for goods and services. The Cons of Withdrawing Reduced retirement fund take this situation as an example: Mr. Y currently has RM20,000 in his EPF savings account His monthly EPF contributions: 9% (new contribution rate in 2021) x RM1,680 = RM151.20. In a y...