KUALA LUMPUR, May 16 — The Employees Provident Fund’s (EPF) newly introduced i-Legasi facility could provide much-needed financial planning support for Malaysia’s ‘sandwich generation’, who often juggle the responsibilities of caring for ageing parents and children simultaneously.
According to the EPF, i-Legasi allows members to transfer a portion of their retirement savings to their spouse, children, parents, or other eligible family members. The facility is designed to help members manage intergenerational financial obligations without prematurely withdrawing their savings.
EPF Chief Executive Officer Ahmad Zulqarnain Onn said in a statement that i-Legasi aims to provide flexibility for members to support their families while preserving long-term retirement security. The facility is available to all EPF members aged 18 and above, with no minimum balance requirement for transfers.
The move comes as Malaysia faces an aging population, with the Department of Statistics Malaysia reporting that 7.4% of the population was aged 65 and above in 2025. The ‘sandwich generation’—adults caring for both children and elderly parents—often faces financial strain, and i-Legasi is seen as a tool to ease this burden.
