{"id":447062,"date":"2025-09-24T00:02:21","date_gmt":"2025-09-24T00:02:21","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/447062\/"},"modified":"2025-09-24T00:02:21","modified_gmt":"2025-09-24T00:02:21","slug":"kelantan-sabah-terengganu-have-lowest-financial-literacy-says-epf","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/447062\/","title":{"rendered":"Kelantan, Sabah, Terengganu have lowest financial literacy, says EPF"},"content":{"rendered":"<p><img fetchpriority=\"high\" alt=\"\" loading=\"eager\" width=\"912\" height=\"570\" decoding=\"async\" data-nimg=\"1\" class=\"html-img h-auto w-full\" style=\"color:transparent\"   src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/09\/85ac45a0-money-ringgit-fmt-170324.webp.jpeg\"\/>EPF east region director Rahmat Ali said the study took into account several factors, including limited exposure to financial management and savings.<br \/>\nPETALING JAYA: Kelantan, Sabah and Terengganu have the lowest financial literacy levels in Malaysia, according to a study by EPF.<\/p>\n<p class=\"py-1.5 mb-4 text-lg\">Bernama reported EPF east region director Rahmat Ali as saying that the study, conducted in 2022, found that Kelantan recorded a financial literacy rate of 15%, followed by Sabah at 16% and Terengganu at 17%. Kuala Lumpur had the highest rate at 41%.<\/p>\n<p class=\"py-1.5 mb-4 text-lg\">Rahmat said the study took into account several factors, including limited exposure to financial management and savings.<\/p>\n<p class=\"py-1.5 mb-4 text-lg\">He noted that many respondents said they kept money at home or in low-return saving accounts, instead of investing in more productive savings instruments.<\/p>\n<p class=\"py-1.5 mb-4 text-lg\">He said EPF was focussing on raising awareness among the self-employed, who often lacked formal contributions.<\/p>\n<p class=\"py-1.5 mb-4 text-lg\">Facilities such as i-Saraan and i-Suri are available, with i-Saraan providing government incentives of RM500 annually for 10 years if contributors save RM2,500 each year.<\/p>\n<p class=\"py-1.5 mb-4 text-lg\">\u201cThese contributions allow members to earn incentives and dividends, and also access benefits such as housing, education withdrawals, and protection in cases of disability or death,\u201d he said.<\/p>\n<p class=\"py-1.5 mb-4 text-lg\">To date, EPF has recorded 18,385 i-Saraan contributors and 431 i-Suri participants. Rahmat urged more people to join the schemes as a long-term investment.<\/p>\n","protected":false},"excerpt":{"rendered":"EPF east region director Rahmat Ali said the study took into account several factors, including limited exposure to&hellip;\n","protected":false},"author":2,"featured_media":447063,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[3093],"tags":[51,52152,474,7974,1197,62342,2499,26444,3426,150688,16,15],"class_list":["post-447062","post","type-post","status-publish","format-standard","has-post-thumbnail","category-personal-finance","tag-business","tag-epf","tag-finance","tag-financial-literacy","tag-investment","tag-kelantan","tag-personal-finance","tag-sabah","tag-saving","tag-terengganu","tag-uk","tag-united-kingdom"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/115256344327918385","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/447062","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=447062"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/447062\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/447063"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=447062"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=447062"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=447062"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}