Malaysia legislation
Section 0
of PERATURAN-PERATURAN KUMPULAN WANG SIMPANAN PEKERJA (INSTITUSI PENGURUSAN DANA) (PINDAAN) 2020
Seksyen 0
0625% Γ
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(b)
In respect of the member of the Fund who has attained the age of fifty-five years and makes a transaction electronicallyβ
(i)
0.125 percent for each transaction;
(ii)
The service fee is calculated monthly based on the calculation formula as follows:
= Total withdrawalΓ0.125%
whereβ
Total withdrawal = Total withdrawal amount by the member of the Fund who has attained the age of fifty-five years for investments with the relevant fund management institution for the relevant month
(iii)
The service fee is subject to the minimum amount of one hundred ringgit per month.β.
Made 24 April 2020
[MOF.SID(R) 700-1/2/30; PN(PU2)498/X]
Tengku Datoβ Sri Zafrul Tengku Abdul Aziz
Minister of Finance
P.U. (A) 126-127.