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27 December 2011
Higher Employer's EPF Contribution Rate For Employee Earning Up To RM5K Effective January 2012 Wage
 

Higher Employer's EPF Contribution Rate For Employee Earning Up To RM5K Effective January 2012 Wage

 

Members of the Employees Provident Fund (EPF) earning a monthly wage of not exceeding RM5,000 will be receiving a boost in their retirement savings when the revised employers’ statutory contribution rate of 13 per cent takes effect from January 2012 wages.

Employees who are 55 years and above and earning wages not exceeding RM5,000 will also benefit from the revised rate as their employers are now required to contribute at 6.5 per cent which is an additional 0.5 per cent from the current 6 per cent, while the employees continue to contribute at 5.5 per cent.

 

Third Schedule

The employer’s share contribution for employees who receive monthly wage/salary of RM5,000 and below will be increased by 1 percent from 12 percent to 13 percent. The employee’s share contribution rate remains at 11 percent.

The increase in the employer’s share contribution rate is effective beginning employee’s January 2012 wage/salary for February 2012 contribution.

The latest contribution rate for employees and employers can be referred in the Third Schedule, EPF Act 1991. Employers are to remit the employee’s contribution share based on this schedule.

Note: The latest Adobe Acrobat Reader (version 8.0 at least) is required to to view, print or download the Third
Schedule file.


To view the contribution rates for employee and employer in the Third Schedule, EPF Act 1991 before 1 January 2012, click here.

Enquiry

Further enquiries can be directed through the following:
a. Online feedback via Enquiry
b. EPF Call Management Centre at 03 – 8922 6000
c. Any EPF Office


Updated: 27 December 2011

 
 
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