fbpx
Connect with us

News

KWSP Members Can Choose To Reduce Their Contributions To 9% For 2021

Published

Picture1 20
Source: Berita Harian

Follow us on Facebook, Youtube, Twitter, and Instagram for the latest stories and updates daily.


The Employees Provident Fund (KWSP) today announced that the statutory contribution rate of employee shares will be reduced from 11 per cent to nine per cent for 2021. 

In a statement as reported by Sinar, the EPF said the new statutory contribution rate would apply to employees under the age of 60 who are required to contribute. For employees aged 60 and above, the statutory contribution of employee shares still remains at the same rate.

This new rate will be valid for a period of one year and will cover the wages of employees in January 2021 (February 2021 contribution) until December 2021 (January 2022 contribution). Members can still choose to maintain employee share contributions at the rate of 11 per cent by completing Form EPF 17A (Special 2021), which can be downloaded from the EPF website (www.kwsp.gov.my) from 1 Dec 2020. The statement elaborated,

“Completed forms must be submitted to the respective employers to be registered online through the i-Akaun (Employer) facility from 14 Dec 2020. Forms received from employees must be kept as an employer record.”

For more information, members can refer to the EPF website or contact the EPF Relationship Management Center at 03-8922 6000.

 

Also read: EPF Account 1 Withdrawal Applications Can Be Made In December

Picture1 10 1

Follow us on Facebook, Youtube, Twitter, and Instagram for the latest stories and updates daily.



Just In

My Post 1 2024 03 29T161744.904 My Post 1 2024 03 29T161744.904
News10 mins ago

Here is the List of 2023 Tax Reliefs That You Can Benefit From This Year!

Every year, during tax season, the government announces tax reliefs to allow the people to reduce their chargeable income, which...

Feat Image Haniff Najib Wan Ji Feat Image Haniff Najib Wan Ji
News1 hour ago

“For security purposes” – Prominent M’sian Lawyer Says Najib Deserves Different Treatment in Jail

Previously, we shared how a former Kajang Prison inmate Wan Ji claimed that former Prime Minister Datuk Seri Najib Razak...

My Post 1 2024 03 29T144007.779 My Post 1 2024 03 29T144007.779
News2 hours ago

M’sian Mum Bashed for Accusing Foreigners of Attempted Kidnapping & Allowing Her 1YO to Walk Up Spoilt Escalator

Just a couple of days ago, 2 foreign workers were arrested for allegedly attempting to kidnap a 1-year-old child at...

Feat Image Kj Padu Feat Image Kj Padu
News3 hours ago

Khairy Jamaluddin Became Victim of Identity Theft After Someone Used His IC Number to Sign Up for PADU

Registrations for the Central Database Hub (PADU) will be closed this Sunday (31 March) and it looks like the database...

Collage123 2 Collage123 2
News3 hours ago

PETRONAS Earns the Crown of the Strongest Brand in the Oil & Gas Sector Worldwide!

With billions of cars driving on roads all around the world, using petrol is a big part of daily life...

My Post 1 2024 03 29T124131.137 My Post 1 2024 03 29T124131.137
News4 hours ago

“T20 wants to go shopping 1st” – M’sians Outraged by Delay in High-Value Goods Tax

On January 1, 2024, the Malaysian government implemented the Low-Value Goods (LVG) Tax, which imposed a 10% tax on the...

Collage 1 9 Collage 1 9
News5 hours ago

Former Inmate Claims Najib Wears Regular Clothes Like He’s at Home, Prison Dept Responds

It’s been nearly 2 years since Najib Razak went to prison but rumours about his “lifestyle” in prison is still...

Collage111 3 Collage111 3
News6 hours ago

FREE Toll for Class 1 Private Vehicles on April 8th & 9th for Hari Raya!

Exciting update for Malaysians! The government has just announced toll exemptions for Class 1 private vehicles on April 8 and...

Announcement

Latest Videos



TRENDING TODAY