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As an employer, your responsibilities includes paying EPF contributions in respect of any person you have engaged to work under a Contract of Service or Apprenticeship. You have to ensure accurate monthly contributions are deducted from your employees’ salary and remitted to EPF.
Self-Contribution. Securing Retirement With Self Contribution. Self-contribution serves as an option to those who want to voluntarily grow their retirement savings with EPF. Who Can Apply. Malaysian & Permanent Resident . EPF member . Below 75 years of age. Payment Methods .
In the following pages, we have entailed the details that go with Mandatory and Voluntary contributions. As a member, you are eligible to not only enjoy annual dividends on your retirement savings, but also the many withdrawal options and benefits that come with being an EPF Member.
EPF Contact Management Centre 03-8922 6000 EN | BM. Welcome to i-Akaun (Member) Frequently Asked Question (FAQ) i-Akaun (Member) Login USER ID First Time Login (i-Akaun Activation) Forgot User ID/Password? Next Go to the New i-Akaun
Do you want to know how much you and your employer contribute to your EPF account every month? Use this online calculator to find out based on your salary and age. You can also see how your contribution affects your retirement savings and benefits. This tool is simple, fast and secure.
Apr 12, 2024 · How to Calculate EPF Contribution? EPF deductions are borne by both the employee and employer, with both needing to contribute to the EPF. Deductions are done based on the salary of the individual, and a detailed map of this can be found in the EPF contribution table.
EPF contributions tax relief up to RM4,000 ( this is already taken into consideration by the salary calculator)
Nov 1, 2021 · EPF minimum contribution rate reduction period extended until June 2022. Press Citations 01 November 2021. KUALA LUMPUR, Oct 29 -- The period to reduce the Employees Provident Fund (EPF) contribution rate from 11 per cent to 9 per cent will be extended until June 2022.
Apr 14, 2024 · Discover the payments subject to EPF Contribution such as salaries and those Exempted From EPF Contribution such as service charges.
What is the EPF contribution rate for 2022? Here is what the Law of Malaysia states as the minimum statutory contributions for employees in the country: For employees below 60 years of age. Employee - 11% of the monthly wages. Employer - 13% of the monthly wages for employees who earn RM5,000 or lower (12% for those making over RM5,000)
