under new act to b passed in parliament this month, every driver compulsory donate to socso even u got your own PA insurance already

for EPF, there is voluntarily scheme to donate every month, originally designed for self employed ppl that don have EPF. so yes, you can do this also since the interest rate (returns rate) is better

Running Grab / Uber fleet is my main business and I voluntarily bank in a consistent sum monthly so that:

1. Income tax deduction as mentioned by Sunny Zombie. Max RM6k per year from your income. If u declare RM60k, it's 10% off!

2. The amount u saved gives u a relatively decent Interests annually which can be withdrawn when u buy a house. This is not as easy to draw out but definitely better than FD.

3. Banks use EPF as a way to see if you are the real deal if you want to apply credit cards or any other facilities, shall u require it. Say if you want to tell the bank u make RM10k per month - 8% from Employee, 12% from Employer = 20% or RM2k is contributed to EPF monthly.

Do this for 3 to 6 months and u can generally have access to the best credit cards like the Maybank 2 Premier cards with 120k income eligibility.

Just my humble opinion. Cheers.