Company does that..
Up to 19% 💪

Employee just 11% only..
U want can do additional contribution your own..
Till 60k per year...

Is this meant self contribution can reach rm60k?
Or total contribution from both side reach rm60k?

It's don't involve employer...

Everything is from u.. outside from the monthly 11%

Sorry off topic a bit.

Any idea where to download the form if I want to maintain my contribution rate at 11%?

from this article
Reduction of Employee Contribution Rate
KUALA LUMPUR, 27 February 2020: The Employees Provident Fund (EPF) takes note of the Government’s decision on the reduced minimum statutory contribution rate for employees, from 11 per cent to seven (7) per cent as announced today
.......................
Employees may choose to maintain the current contribution rate of 11 per cent by completing Notis Pilihan Mencarum Melebihi Kadar Berkanun KWSP 17A (Khas) which is available on epf.gov.my.
This notice must be presented to employers to be submitted to the EPF.

https://www.kwsp.gov.my/-/reduction-of-empl...ribution-rate-1

perhaps i should clatify my question

today my total package is 100k per annum
11k is my self epf contribution
12k is my company epf contribution
remaining 77k is my salary before tax

now i want to change it to;
11k epf self contribution
24k company epf contribution
65k salary

is this possible?

Who fork out the extra 12k?

i understood your replies but just want to find out if anybody is doing it

if you bothered to do the simple math, both sum up to 100k . there is no extra 12k.

I'm stupid. My maths is not as good as you.
You can make special arrangement with your company HR but whether want to do it's their policy.

Ah...
Thanks for clarify.

you may check at kwsp official site to verify if it applies to you.

my company only 12%...can request them to increase to 19% kah ?

self-contribution up to 60k annually...on top of employee + employee portions

try asking them..
but mostly cheapsake won't do any increase & pays whatever law says only

LOL means you want your employer to pay 7% extra for you?
Indirectly means pay rise 7%. Haha.

now i want to change it to;
11k + 12K epf self contribution
12k company epf contribution
65k salary

just increase your self contribution. no need to trouble the HR.

He may want to reduce gross income and eventually taxable income.

you end up paying less income tax
the money you saved in the EPF thru yr employer are tax free,
if you do your own self contribution...you money are taxed before you do the self contribution...

This post has been edited by yklooi: Mar 2 2020, 08:08 PM

Sure why not if you run the company yourself,
Or If the Company is willing to help, HR just submit a form to KWSP and increased employer portion to 19%
and reduced your salary accordingly, nett you draw same amount from Co,
just that you take home cash lower and more in KWSP. u gain pay lower tax, company no loss also.


When i ran my own company, i put my employer KWSP portion 25% for myself, and sleepy accountant without realising it
claimed that full 25% from tax. Actually Co can only claim tax relief to max 19% of staff salary. any extra Company lose out as it cannot deduct from company profit.

Will the employer portion maintain or will it decrease with the new changes?