EPF deduction back to 11 percent
Published: Jan 17, 2011 4:19 PM | Updated: Jan 17, 2011 4:21 PM
The monthly Employees Provident Fund (EPF) contribution for the private sector will revert to 11 percent effective January, from the current 8 percent.
Contributions from employees were reduced from 11 percent to 8 percent over a two year period from January 2009.
The monthly Employees Provident Fund (EPF) contribution for the private sector will revert to 11 percent effective January, from the current 8 percent.
"Employers must ensure that the correct amount is deducted from the wages of their employees based on the higher contribution rate and remitted to us," EPF public relations general manager Nik Affendi Jaafar said in a statement today.
Contributions from employees were reduced from 11 percent to 8 percent over a two year period from January 2009 to December 2010.
Nik Affendi said employees who had previously submitted the KWSP 17A (AHL) special form to maintain the contribution rate at 11 percent during the two-year period, would not be affected.
For more information, employers can visit the nearest EPF branch; contact the EPF call centre at 03-8922 6000, or post their enquiries via the myEPF website at http://enquiry.kwsp.gov.my.
- Bernama
"Employers must ensure that the correct amount is deducted from the wages of their employees based on the higher contribution rate and remitted to us," EPF public relations general manager Nik Affendi Jaafar said in a statement today.
Contributions from employees were reduced from 11 percent to 8 percent over a two year period from January 2009 to December 2010.
Nik Affendi said employees who had previously submitted the KWSP 17A (AHL) special form to maintain the contribution rate at 11 percent during the two-year period, would not be affected.
For more information, employers can visit the nearest EPF branch; contact the EPF call centre at 03-8922 6000, or post their enquiries via the myEPF website at http://enquiry.kwsp.gov.my.
- Bernama
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