Prof Datuk Dr Norma Mansor said Account 3 would give members “breathing room” to address their immediate financial issues. She said this would also put them in a better position and mindset to plan out their financial future. “It will also help to inject cash into the economy, stimulating it to develop faster,” she said.
However, Norma recommended that members keep their Account 3 savings in EPF for as long as possible before considering withdrawing them. This would provide the benefits from compounding dividends, she said.
