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This post has been edited by degionz: Oct 26 2019, 07:41 PM

about 2 more months to go before can finally self contribute and top account

Thanks Eva.

i'm not sure if i missed a reply to a similar inquiry. I would like to know if I need to change my form or account type if I decide to self-contribute.
I used to be employed but now self-employed. so, i have an existing EPF i-Akuan. appreciate if anyone can give insight. Thanks in advance.

effective 1 July 2018, members who contribute voluntarily to their EPF accounts, either through the 1Malaysia Retirement Scheme (SP1M), Self-Contribution or the Top-Up Savings Contribution, can now do so in any amount, as the requirement to contribute a minimum RM50 at any one time is abolished. The accumulated maximum amount to be contributed into each account, however, remains capped at RM60,000 per annum.
https://www.kwsp.gov.my/-/flexible-voluntar...ive-1-july-2018

What You Need
Self-Contribution Payment Form - KWSP 6A(1)
Payment through internet banking, cash, bank draft or cheque.
https://www.kwsp.gov.my/member/contribution...lf-contribution

Thanks very much for the reply. I did try to bank in an amount through my Maybank2U and it worked. Do i still need to go through the self-contribution payment form?

check your KWSP i-akaun?
maybe it will takes a few days to update...

I think no need to submit form already.....I think think only ya

read the faq:

Bolehkah saya membuat Caruman Pilihan Sendiri tanpa menggunakan borang?
Ya, anda boleh membuat caruman dengan menggunakan kaedah perbankan internet.

i wondered that how you guys self-contribution through online banking (maybank2u)

This post has been edited by dayamin: Nov 8 2019, 03:49 PM

googled and found this....

How to Pay EPF Self Contribution Online
Updated: October 8, 2019
Step By Step Pay EPF Online, pay EPF or KWSP ourselves (self contribution) online using Maybank2U.
http://www.misterleaf.com/9782/epf-self-contribution-online/

Hey Nicholas... quick question. Were you able to open the account online or must show up at local branch with MyKad?

To register for the first time, you cannot do it online. If you are not an existing EPF member, then there are several ways to register as a member:-

1. Over the counter at any EPF branches
2. Through your Employer's i-Akaun
3. Self registration from kiosk at any EPF branches

It’s a good form of FD with higher interest versus conventional FD. Only minus part is withdrawal is limited to certain condition (partial) and full withdrawal upon reaching certain age. Can topup EPF via Maybank online.

Yes, indeed. For past 10+ years, beats FD with little risks. Just keep it there till it accumulate up to 600K to 2mln, then
you can retire financial free and withdraw only the earnings/dividends, it's like money in perpetuity.
If you're young, just sock away as much as possible and if employer contribution cannot max out, just top up yourself to
max RM 60K per year. Just take 10 years to achieve 600K. At 600K, it will generate 3K/month for you.

Start early.. if starts at age 25 continue to work till 55, even not earning high income can retire financial free.

For those who wish to receive the 15% government contribution (max rm250) from self contribution, pls make sure you select “i saraan” in the pop up menu and not “self contribution”. Otherwise they won’t make any payment into your account.

As informed by one of the EPF officer today. Attached is example for maybank transfer screen.


Attached thumbnail(s)

wondering what will the "penalty" like if one is working for someone/employed but click the I saran just to get the RM250?
I think the system will easily detect the "illegal" selection from the monthly majikan contribution....

There is a form to fill in in EPF office to register oneself for i saraan

yes, in the form it stated...."Mana-mana orang yang bekerja sendiri atau tiada pendapatan tetap"
https://www.kwsp.gov.my/documents/20126/140...41-fcf30293a1f1

i-Saraan Eligibility
Malaysian citizen
Registered as an EPF member (else can apply to be a EPF member)
Self employed

Self Employed Definition....
Defined as derive income from their work and not an employee (Salaried employees who receive regular income are not eligible)
Farmers/Fishermen/Taxi Drivers
Small Business Owners/Hawkers/Night Market Traders
Babysitters
Commission-receiving agents (eg. insurance agents, real estate agents)
Freelancers (eg. those who receive payment for services including deejays, singers, actors, fitness instructors, consultants)
Business Owners (sole proprietors/partners) involved in the trading of goods and services
Online Business Owners
Professionals with their own practice (eg. accountants, doctors, lawyers)
Housewives
Pensionable Employees

https://mypf.my/investing/retire/sp1m/

This post has been edited by yklooi: Nov 12 2019, 10:15 PM

Max RM250 is monthly or annually?

Retirement Incentive (i-Saraan)
As a member under this incentive, you will receive a 15% government contribution (a maximum of RM250/year [Effective 1 Jan 2018]) on top of your own contributions.
*Not applicable to members that receive a fixed employer contribution.
*Government contribution is limited to members who are below age 55.

If you are self-employed, you can look into i-Saraan contribution with the government incentive of 15% by contributing RM1,667 per year until Y2022.