The Employees Provident Fund (EPF) would like to inform that for the year 2021, the employee’s share of the statutory contribution rate will be reduced from 11 per cent to nine (9) per cent.
This new statutory contribution rate for employees applies only to members below 60 years old who are liable for contribution. For members aged 60 years old and above, the statutory contribution rate for employees remains unchanged.
The new rates will be in effect for an entire year, affecting wages for the months of January 2021 (February 2021’s contribution) up to December 2021 (January 2022’s contribution).
Members who wish to maintain the contribution rate for employees at 11 per cent may fill in the Borang KWSP 17A (Khas 2021) form, which will be made available on the EPF website (www.kwsp.gov.my) starting 1 December 2020. The completed form must then be submitted to their respective employers for online registration via i-Akaun (Employer), which will begin from 14 December 2020. Employers are also required to keep the form received for their record.
The Employees Provident Fund (EPF) wishes to inform that beginning 14 December 2020, employers can start submitting their employees’ applications to maintain the statutory contribution rate for employees at 11 per cent.
All submissions for this purpose are to be done via the i-Akaun (Employer) portal only. This is in line with the EPF’s efforts to ensure physical distancing and minimise face-to-face interactions to prevent the spread of COVID-19.
During this period, the EPF is limiting employers from coming to its branches, as well as restricting officer visits to employer premises. Employers can only be at EPF branches for the purpose of employer registration with an appointment made via Janji Temu Online (www.kwsp.gov.my/janjitemu).
Payment for monthly EPF contributions, as well as Late Payment Charges & Dividend can be done via i-Akaun (Employer), Internet banking, and appointed bank agent counters.
For other matters including advisory services and account management, employers can directly contact the Employer Advisory Service (EAS) Officer assigned to their companies for assistance.