Whenever the budget gets released, we as consumers generally look for the little details that actually matter to us. Smoke sticks? booze? and if there is potentially going to be some sorta tax exemptions. I guess different ppl look at different areas that would efect them. This time around i didn’t get a chance to have a good look at the budget but im picking up bits and pieces from the daily papers. This is one bit that i picked up today. This is how it works ->
“It is a simple mechanism. For instance, let’s say your monthly salary is RM2,000, 30% of your EPF contribution will go to Account 2. Your monthly housing loan repayment is now RM500 and you can use RM138 to offset the housing loan instalment. The RM138 will be credited to your bank account every month. “In another situation, you are thinking of buying a house, but you can only afford to pay RM400 a month. With RM138 withdrawn monthly from EPF, you can afford to buy a bigger house and pay RM538 monthly,”
I think its good scheme and funds are banked into your personal savings account which makes it very convenient.
Read about it at : 
