Connect with us


Starting January 2018, EPF Will Revert 8% Employee Contributions Back to 11%


Epf Will Be Reverting Its 8% Employee Statutory Contributions Back To 11% In Jan 2018 - World Of Buzz
Source: New Straits Times

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

Heads up, Malaysians!

It looks like the Employees Provident Fund (EPF) will be changing its employee statutory contributions rate back from 8 per cent to its original 11 per cent.

Effective for salaries from January 2018 (February 2018 EPF contribution) onwards, this change will see a reversion to 11 per cent for employees aged below 60 and 5.5 per cent for employees aged 60 and above.

Message About Epf Nominations Being Tampered Goes Viral, Epf Says It's Fake - World Of Buzz 2

Source: mmo

According to The Sun Daily, the 8 per cent contribution rate introduced last year will end at the end of December 2017 wage (January 2018 contribution).

An excerpt from EPF’s statement reads,

“Employers are required to ensure the right amount of contributions are deducted from their employees’ salary and remitted to the EPF in accordance with the new contribution rates.”

“The latest contribution rates for employees and employers can be referred at the Third Schedule, EPF Act 1991.”

 - World Of Buzz

Source: the star

This announcement comes after four recent amendments were made to their policies and schemes. One amendment in question allows members to partially withdraw any amount from their account at any time starting 1st January 2018.

Also, those who want to contribute more than the statutory rate of 11 per cent or 5.5 per cent can complete Form KWSP 17A (AHL) or Form KWSP 17AA (AHL). Check out their website here for more details.

So, take note of these changes when you get your pay slips next year!


Also read: Starting January 2018, EPF Members Can Partially Withdraw Any Amount Any Time

Starting January 2018, Epf Members Can Withdraw Any Amount Any Time - World Of Buzz

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

Just In

Feat Image Insult Feat Image Insult
News9 hours ago

M’sian Driver Has Insufficient Card Balance, Insults Toll Booth Operator When He Can’t Get Through

A viral video has left Malaysians enraged recently, showing the action of a road user insulting and threatening a toll...

Feat Image Screen Feat Image Screen
News11 hours ago

Study: M’sians Spend 48.41% of Their Time Awake Looking at Screens, 8th Highest in the World!

A recent study by Electronics Hub pretty much confirmed something that we Malaysians have known for a while, which is...

My Post 1 2024 04 23T145047.839 My Post 1 2024 04 23T145047.839
News11 hours ago

Penang Woman Who Splashed Hot Water on OKU Man Gets 10 Years in Jail & RM6K Fine

A few days ago, it was reported that a woman had splashed scalding hot water on a man with Down...

My Post 3 2024 04 23T125606.423 My Post 3 2024 04 23T125606.423
News11 hours ago

“Why follow so close?” 5 Car Pile Up Allegedly Caused by Student Driver, M’sians Defend the Student Driver

There are many things that Malaysians road users tend to avoid when on the road such as potholes, Mat Rempits...

Collage 6 5 Collage 6 5
News12 hours ago

Singapore is Hiring Roti Canai Makers With RM5,000 Salary, Access to Prayer Room & More!

There’s nothing Malaysians love more than a good old classic roti canai for breakfast in the morning! What if we...

Feat Image 24 Hour Feat Image 24 Hour
News14 hours ago

“Healthier for M’sians” – Consumers Association Penang Wants Govt to Prohibit 24-Hour Eateries

The Consumers Association of Penang (CAP) has called for the Government to prohibit eateries in the country from operating 24...

My Post 1 2024 04 23T111003.138 My Post 1 2024 04 23T111003.138
News15 hours ago

2 TLDM Helicopters Crash During Training Session in Perak, 10 Victims Confirmed to be Dead

2 Royal Malaysian Navy (TLDM) helicopters crashed at the TLDM Camp in Lumut, Perak, during a training session for the...

My Post 1 2024 04 23T101027.938 My Post 1 2024 04 23T101027.938
News15 hours ago

WATCH: M’sians Jump Into Action to Stop Snatch Thieves in Kuching, Successfully Saving a Victim

It is truly unfortunate that our country has an abundance of snatch thieves waiting on motorcycles around corners, looking out...


Latest Videos