EPF Employee Contribution Rate Back to 11% January 2011
EPF Employee Contribution will be return back to 11% rate from 8% effective from January 2011.
The Employees Provident Fund (EPF) monthly statutory contribution rate for employees will revert to 11 per cent from 8 per cent with effect from January 2011 wage and the contribution to be paid to the EPF from February 2011 onwards.
The employees’ statutory rate was lowered for a two-year period from 11 per cent to 8 per cent beginning January 2009 to December 2010 wage.
Employers are advised to ensure that the correct amounts are deducted from the employees’ wages based on the new contribution rate and remitted to the EPF starting from February 2011 contributions.
Members who had previously submitted Form KWSP 17A (AHL) Khas/KWSP 17AA Khas to maintain the contribution rate at 11 per cent during the two-year period would not need to take further action.
The employers’ share of the monthly contribution to the EPF remains at 12 per cent.
source: www.kwsp.gov.my
Popularity: 4% [?]
bajet lari la tahun depan. gaji menyusut kembali.
fauzan(Quote)
La..employee… bila nk naikkan kadar employer? kan lagi baguih
Wan(Quote)
kalau nak tinggi dr 11% ade x ?
saifudinb(Quote)
nk jimat tax ker?hehe
Wan(Quote)
langkah yg baik sebenarnya..terutama pada org yg susah nak menyimpan setiap bulan utk hari tua mereka..perbezaan 8% ke 11% maybe tak banyak..tp bawa kesan agak besar bila dah pencen nnti..
81cents(Quote)
Betul tu..life span average for Malaysians are increased…bg lelaki sampai 73thn & wanita 75thn..it means kita kena ada fund yg mencukupi utk menampung kehidupan selepas pencen yg rata2 private employee adalah 55thn dan kakitangan kerajaan 58thn..
jas(Quote)