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 EPF SELF-CONTRIBUTION

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meors
post Mar 4 2022, 04:08 PM

Getting Started
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Junior Member
253 posts

Joined: Jan 2003
From: KL, Cheras, Kajang, Balakong, MINES


QUOTE(Chrono-Trigger @ Mar 4 2022, 10:21 AM)
Yes, you can choose more than that.

Fill up this form

PILIHAN CARUMAN LEBIH
Your employer / HR needs to sign it. Best if you take the initiative yourself and sent it to EPF , and they will give you an acknowledge form. Give the acknowledgement form to your HR, EPF will contact your HR , and usually they will start deducting in 1 or 2 months time.

If I remember correctly , the maximum contribution is 50% (or 55% ? ) of your gross salary.  So if your employer is paying 13%, you can opt to pay your employee portion up to 37%
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how about contribute to PRS? the difference is it's not forced savings
meors
post Mar 4 2022, 06:29 PM

Getting Started
**
Junior Member
253 posts

Joined: Jan 2003
From: KL, Cheras, Kajang, Balakong, MINES


QUOTE(c64 @ Mar 4 2022, 04:36 PM)
Isn't PRsmS just like typical.unit trust fund? Purpose of PRS mainly to lari some Cukai only.
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good point also. somehow they position their fund akin to EPF. can't withdraw until 55
meors
post Mar 4 2022, 11:32 PM

Getting Started
**
Junior Member
253 posts

Joined: Jan 2003
From: KL, Cheras, Kajang, Balakong, MINES


QUOTE(Chrono-Trigger @ Mar 4 2022, 06:27 PM)
how to withdraw past 1million?

need to apply every time need to withdraw?
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1st time need to get approval physically at counter, subsequent no need, all online

 

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