EPF Contributions (including contributions for those above 55 years)

I’ve been receiving many queries on this although it is not something very new. The current prevailing statutory rates for EPF contributions are as follows:

Employees earning less than RM5k in a month:

Employer’s contribution: 13%

Employee’s contribution: 11%

 

Employees earning more than RM5k in a month:

Employer’s contribution: 12%

Employee’s contribution: 11%

 

Employees above 55 years of age earning less than RM5k in a month:

Employer’s contribution: 6.5%

Employee’s contribution: 5%

 

Employees above 55 years of age earning more than RM5k in a month:

Employer’s contribution: 6%

Employee’s contribution: 5%

 

The exact contribution rates can be gathered from the Schedule to the EPF Act. For more info on what constitutes wages, kindly visit EPF’s official site by clicking this link:

http://www.kwsp.gov.my/portal/en/employers

 

Contributions will stop when the employee attains the age of 75 years.