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 Fixed Deposit Rates in Malaysia V5

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Myoswee
post Oct 1 2013, 11:19 AM

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QUOTE(danmooncake @ Oct 1 2013, 10:24 AM)
As per 2012 regulation, employer's contribution is 12% on top of 11% for employee. But, I never heard of a loophole that KWSP allows employer to contribute more into the employee account and considered that in lieu of salary increase for them (as tax benefit). EPF contribution made by employer are essentially business expenses for them.

Do you know of any employer have done this for their employees? Does this work?  hmm.gif
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Yes, the employer can contribute more than 12% to EPF.

I have a friend where his company contribute 19% of his salary to EPF as part of staff benefit. rclxms.gif

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