Learn about Employees Provident Fund (EPF), a form of social security in Malaysia, and how to calculate contribution rates to ensure compliance.
The EPF contribution rates vary according to the employee's age and whether they are a Malaysian/permanent resident. Foreigners who are not permanent residents are not obligated to contribute and different rates may apply if they do. Please note, effective from Jan 2021 wages until December 2021...
Contribution Rate YEAR Percentage EMPLOYEE EMPLOYER TOTAL Jun 2004 - present 11 12 23 Jun 2003 – May 2004 9 12 21 Apr 2002 - May 2003 11 12 23 Apr 2001 - Mar 2002 9 12 21 Jan 1996 - Mar 2001 11 12 23 Jan 1993 - Dec 1995 10 12 22 ...
EPF is a retirement saving scheme for employees who are liable to contribute EPF in Malaysia, governed under the Employee Provident Fund Act 1991in which the savings contributed will be managed and invested under Simpanan Konvensional or Simpanan Shariah. The saving is comprised of the emplo...
Learn about Employees Provident Fund (EPF), a form of social security in Malaysia, and how to calculate contribution rates to ensure compliance.
Employee’s rate Employer’s rate Employee’s rate Residents below age 60 13% 9% 12% 9% Residents 60 years and above 4% 0% 4% 0% Malaysia permanent residents Salary RM5,000 and below More than RM5,000 Contribution Employer’s rate Employee’s rate Empl...