From January 2012, the Employers contribution for employees earning RM5,000.00 or less has been increased from 12% to 13%.
Employees contributions remain at 11%, no change to the existing rate.
Total monthly contribution to EPF would now be 24%, made up of 12% Employer contribution and 11% Employee contribution.
For employees aged 55 and above, the Employer rate has been increased by 0.5% from the existing 6.0% to 6.5%. Employees contribution remains at 5.5%, making a total of 12%.
The latest EPF contribution schedule (Third Schedule, EPF Act 1991) can be downloaded from KWSP's website. Click here to download.
5 comments:
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