Does any one know if the Limit for VOLUNTARY/SELF CONTRIBUTION:-

[Maximum (RM only)
RM60,000 yearly for all Voluntary Contribution
(Self Contribution, i-Saraan, i-Suri,Top-up Savings Contribution - effective January 2013)]

Resets annually on January 1st, or based on our date of last Voluntary Contribution?

Eg.: (is it A or B? )
A. I voluntarily put 60K in June 2020, can I put another 60K from Jan 2021 onwards?

OR

B. I voluntarily put 60K in June 2020, i have to wait until June 2021 to make another placement?

Appreciate the response(s), thank you.

Happy New Year!

Not quite "Self" Contribution - but is it possible for a company to only pay EPF without salary?

As in an employee which only gets paid in EPF Contribution, no salary/wage/allowances etc.

Scenario:-
Senior employee (above 60) to be retained (on a consultancy basis) with only monthly EPF contribution as remuneration.

Say they were on a RM5K/mth salary, with EPF at 650(Employer 13%) & 550(Employee 11%) - but now we only agree on EPF at 650(Employer 13%) & 550(Employee 11%) WITHOUT the RM5K. In short they get 1,200/mth as their pay in EPF Contributions.

How as HR, can we go about this situation? Can it work, or is it against EPF standards?