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EPF Withdrawal Procedures (Part 2)
 
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EPF Withdrawal Procedures (Part 2)
Posted Date: Dec 20, 2007
EXAMPLE 4 (Purchase Of A Housing Lot And Building A House On It Simultaneously)

Encik Nasaruddin purchased a piece of land costing RM80,000.00 on 1st January 2005 and obtained a loan of RM70,000.00 to finance the purchase. On 1st May 2005, he has signed an agreement to build a house on the said land with a total construction cost of RM200,000.00. He has obtained a housing loan of RM100,000.00 to build the house. The calculation for withdrawal by Encik Nasaruddin is as follows :

Price of The Land
RM 80,000.00
Cost of Construction of The House
RM 200,000.00
Total Price of The Land and Cost of Construction of The House
RM 280,000.00
Total Housing Loan To Purchase The Land and To Build The House
RM 170,000.00
Difference Between The Price of The Land and Cost of Construction of The House with The Total Housing Loan
RM 110,000.00
Additional 10% of The Total Price of The Land and Cost of Construction of The House
RM 28,000.00
Maximum Amount Eligible For Withdrawal
RM 138,000.00
Balance Available in Account II
RM 150,000.00
The Amount That Can Be Withdrawn
RM 138,000.00



HOW TO APPLY AND THE DOCUMENTS REQUIRED

You are required to complete Form KWSP 9C (AHL) and to submit this form together with the original and photocopy of the following documents, whichever is applicable :
  1. PURCHASE FROM DEVELOPER OR PUBLIC AUCTION

    1. Your Identification Card / Military Identification Card
      OR
      The following Identification Card affixed with your right and left thumbprints on its copy :
      1. MyKad
      2. Police Identification Card and a letter from your employer confirming that your police no. and Identification Card no. refer to the same person.

    2. Your Personal Savings Account Passbook/Statement or Personal Current Account Statement which is still active ;

    3. Sales and Purchase Agreement (purchase from developer) or Proclamation of Sale (purchase from public auction) containing your name or the names of all applicants for joint purchase and that is executed not more than 3 years on the date the application is received by EPF ; and

    4. If you have obtained a housing loan, the following documents are required :-

      • Housing Loan Approval Letter (if the loan approval is less than one year)
        OR
      • Housing Loan Approval Letter and Housing Loan Agreement / Mortgage Form 16A (if the loan approval has been more than one year).


    5. If you self-financed the purchase of the house, the following additional documents are required :-
    Purchase From Developer
    Purchase From Public Auction
    1. Letter from the developer confirming the purchase paid in cash ; and
    1. Letter from the developer confirming the purchase paid in cash ; and
    1. Proof of payment of at least 20% from the price of the house ; and
    1. Proof of payment of at least 20% from the price of the house ; and
    1. Architect Certificate with not less than 20% of construction progress.

    1. Transfer of ownership document such as :

      Form KTN 16F ('Perakuan Jual Oleh Mahkamah')
      OR
      Form KTN 16I ('Perakuan Jual Oleh Pentadbir Tanah)
      OR
      Deed of Assignment in your name
      OR
      Form KTN 16F/ 16I/ Deed Of Assignment which has not been processed by the Land Office AND Declaration letter from you to produce the above-mentioned transfer of ownership document (duly completed) within 6 months.

  2. PURCHASE FROM AN INDIVIDUAL

    1. Documents as mentioned under A(i) to (iv) for Purchase From Developer or Public Auction above, and


    1. Individual / Strata
      Title Has Been Issued
      Individual / Strata
      Title Has Not Been Issued
      Deed of Title in the name of the seller AND Letter of consent of transfer issued by the Land Office (if there is restriction on the property) ;

      OR

      Deed of Title in your name ;

      OR

      Duly completed Form KTN 14A by the Land Office in your name.
      Letter of consent of transfer from the developer AND Letter of consent of transfer issued by the Land Office/Local Authority (if there is restriction on the property) ;

      OR

      Deed of Assignment in your name.


    2. If you self-financed the purchase of the house, the following additional documents are required :-

      1. Letter from the lawyer in charge of the sale and purchase confirming the purchase paid in cash ;and
      2. Proof of payment of at least 20% of the price of the house ;and
      3. If Form KTN 14A or Deed Of Assignment in your name as mentioned in Para (ii) above has not been processed by the Land Office, the following documents are required :
    Individual / Strata
    Title Has Been Issued
    Individual / Strata
    Title Has Not Been Issued
    Form KTN 14A in your name, which has not been processed by the Land Office

    AND

    Receipt Of Submission ("Penyata Perserahan") from the Land Office

    AND

    Declaration Letter from you to produce the duly completed Form KTN 14A within 6 months.
    Form Deed Of Assignment which has not been processed

    AND

    Declaration Letter from you to produce the duly completed Deed Of Assignment within 6 months.


  3. PURCHASE OF LAND AND CONSTRUCTION OF A HOUSE SIMULTANEOUSLY AS A PACKAGE
    (This package includes the cost of purchasing the land and building the house)

    1. Documents as mentioned under A(i), (ii) and (iv) for Purchase From Developer above, and

    2. House Construction Agreement containing your name or the names of all applicants for joint withdrawal and that is executed not more than 3 years on the date the application is received by EPF ;

    3. Sales and Purchase of Land Agreement containing your name or the names of all applicants for joint withdrawal and the date of agreement is within 6 months with the House Construction Agreement ;

    4. Deed of Title of the land in the name of the seller/land owner ;

    5. Power of Attorney, which has been registered with the Court, if the purchase of land and house construction is made using a Power of Attorney ; and

    6. If you self-financed the purchase of the house, the following documents are required :-

      1. Letter from the developer confirming the purchase paid in cash ;
      2. Proof of payment of at least 20% of the price of the house ; and
      3. Architect Certificate with not less than 20% of construction progress.


  4. PURCHASE A SECOND HOUSE

    1. Documents as mentioned under paragraph A to C where applicable, and

    2. One of the following documents as the proof of sale of the first house :

      1. Transfer of ownership document Form KTN 14A duly completed by the Land Office ;

      2. Deed of Assignment between you and the purchaser ;

      3. Deed of Title in the name of the purchaser AND Sales and Purchase Agreement between you and the purchaser ;

      4. Real Property Gains Tax Form (CKHT 5) AND Sales and Purchase Agreement between you and the purchaser ;

      5. Public Auction Form (KTN 16F or KTN 16I) AND confirmation from the bank ;

      6. Transfer of property ownership through a Court Order to any party AND Divorce Papers (for divorced cases) ; or

      7. Official Search from the Land Office showing your name and the new owner AND Sales and Purchase Agreement between you and the purchaser.

SUBMISSION OF APPLICATION

All application forms can be submitted to any EPF office either at the counter or by post :
  • Submission at the counter - enclose together with the original documents and their photocopies.
  • Submission by post - photocopies of documents must be certified by one of the officers authorised by EPF.

CERTIFYING OFFICERS

Officers authorised by EPF to certify supporting documents to application form are as follows (except for certain documents, which must be certified by the respective officer as stated in the withdrawal form) :-
  • EPF Officer :
    • EPF Officer (Grade 18 and above)
    • EPF Counter Duties
  • Applicant's employer
  • Justice Of The Peace
  • Penghulu/Penggawa
  • Advocates and Solicitors
  • Government Officers in the Management and Professional Group
  • State Assemblyman
  • Member of Parliament
  • Commissioner of Oath

MODE OF PAYMENT

All withdrawal payments will be credited directly into your bank account subject to the following conditions :-
  • You have a bank account with any panel of banks appointed by EPF ;
  • Your bank account is still active ; and
  • Your bank account is a Personal Savings/Current Bank Account OR a Joint Account (for withdrawal payment above RM100,000 only).
However, if the EPF is unable to credit the payment into your bank account due to reasons such as your bank account is not active or your Personal Identification number does not match, you will be paid by banker's cheque.

(For more information regarding direct payment to your bank account and the list of banks appointed by EPF, please refer to Direct Crediting Into Member's Bank Account System)


Note :
After making this withdrawal, you are eligible to withdraw your savings to reduce/redeem the housing loan for the same house once a year. For further information, please refer to Reduce/Redeem Housing Loan Withdrawal.



CORRESPONDENCE ADDRESS

You are required to furnish your full address in Form KWSP 9C(AHL). Any change of address after submitting this application must be notified to the nearest EPF office.


ENQUIRIES

If you have any enquiry or require further information on this withdrawal, please contact the EPF office
  • Any nearest EPF office
  • EPF Call Management Centre, Tel : 03-8732 6000
  • E-mail : enquiry@epf.gov.my
Please quote your EPF membership number and the type of withdrawal that you have applied for when you contact the EPF. You are encouraged to contact the EPF directly for assistance and advice.


ATTENTION

This information is only a guide. The EPF reserves the right to amend any conditions or request for additional documents if deemed necessary.
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