Epf Malaysia Employer Contribution

State the contribution month for which you want to make the adjustment payment.

Epf malaysia employer contribution. I m an employer i akaun login. With 0 initial sales charge for investment. The epf receives and manages retirement savings for all its members encompassing mandatory contributions by employees of the private and non pensionable public sectors as well as voluntary contributions by those in the informal sector. Currently employees contribute 11 of their salary to epf while employers must put in a minimum of 12 for salaries more than rm5 000 and 13 for salaries lower than that.

Log in to i akaun if you don t have an i akaun see here. The malaysian government has reduced the minimum employee contribution rate for the employees provident fund epf to 7 starting from april 1 in a bid to cushion the impact of the covid 19. Mandatory contribution last updated. Customised plans include possibility of restructuring employer contributions.

The employer must pay their employee s contributions on or before the 15th of the following wage month. These contributions comprising the member s and employer s share will be credited into the member s epf account. Happy national day malaysia day 2020. Under epf scheme an employee has to pay a certain contribution towards the scheme and an equal contribution is paid by the employer for employees who receive wages salary of rm5 000 and below the portion of employee s contribution is 11 of their monthly salary employer contributes 13.

Kuala lumpur 27 march 2020. Corporate information who we are what we do. Submit the documents at any epf counters. Select blank form a and click on add new employee.

Kuala lumpur sept 7 the employees provident fund epf will be extending the date for employers to remit their mandatory contribution for the months of september to december this year from the 15th of the month to the 30th of each month respectively. Grow your savings with epf approved unit trust funds. Kuala lumpur sept 7 the employees provident fund epf will be extending the date for employers to remit their mandatory contribution for the months of september to december this year from the 15th of the month to the 30th of each month respectively. The employees provident fund epf is introducing its employer advisory services eas beginning 15 april 2020 to provide customised advisory support for employers specifically with regards to the employers portion of epf contributions during the current economic downturn.

Media publications happenings activities. 22 feb 2020 epf members in the private and non pensionable public sectors contribute to their retirement savings through monthly salary deductions by their employers.