5.4 million EPF members opt for lower monthly cut

PETALING JAYA: More than five million Employees Provident Fund (EPF) members have opted to reduce their monthly contribution to 9% from January.

The government decided to allow members to reduce the 11% statutory monthly contribution to 9% in order to boost their disposable income during the Covid-19 pandemic.

An EPF spokesman said they received 2.09 million applications from members who were keen to maintain the full rate.

“The applications were made through their employers via Borang KWSP 17A (Khas 2021) forms.


“Based on the requests, there was a total of 5.4 million applications who opted out of contributing the full 11%, ” said the spokesman. EPF currently has 7.49 million active members.

The reduced rate is in effect for wages from January to December of 2021.

https://www.thestar.com.my/news/nation/2021...wer-monthly-cut

anyone having problem with i-saraan? I had bank in money to i-saraan and doesnt reflect in the system. ady 7 days.
call and email EPF but is useless as there are no reply and not able to go through their line

it will updated Jan & Feb contribution after dividend announcement, probably in early Mar.

Kwsp apps oledi mention, after dividend declare

Sorry, I am just starting to learn and plan on self-contribute. Does this "Withdraw Eligibility" mean that I can withdraw the contributed money anytime I want (like FD withdraw)? Or it will be stuck until the an age specified by EPF (55 or more in future)? Maybe I misunderstood the term.

This post has been edited by Vickyle: Mar 17 2021, 10:40 AM

Epf is not your FD. Many conditions need to be met before withdrawal is allowed.

Thanks. Forum-ers report that their contributed amount is reflected under "Withdrawal Eligibility". What is the structure/form of display? A special category separated from other categories?

This post has been edited by Vickyle: Mar 17 2021, 11:03 AM

In the i-akaun app on yr smartfone, the W/drawal eligibility tab is on the Home section, and right below "Last Contribution" section.

read https://www.kwsp.gov.my/member/withdrawals


from iAkaun Web Portal

Anyone know when or how many days the self-contribution $ from Maybank will be reflect in EPF portal?

Usually 2 days

Based on my checking, EPF only process once a month during month end. The contribution will only shown in next month.

This post has been edited by m@nn: Mar 25 2021, 11:30 AM

Nope. I have been self contributing every year and it never take more than 3 days to reflect on my i-account. See below my most recent contribution on 2 March and it has been reflected and not next month.

Hi! I know it stated very clear those having regular income is not eligible for self-contribution, have anyone tried and what would happened?

Can. No problem. I usually just use Maybank to deposit money in.

Q: If I am a salaried employee, can I still make a Self Contribution?
A: Yes, you can.

https://www.kwsp.gov.my/member/contribution...lf-contribution

Even if you are a salaried worker you still can do self contribution up to RM60k per year. Only you are not eligible for i-saraan RM250 gov incentive.

Those considering self contribution, next Monday 29 Mar would be the best date to bank in. Your money would be reflected on 31 March and start enjoying the dividend from 1 April onwards.

May I know, if EPF date reflected on 1 April is count dividend from 1 April or 1 May?
Thanks.

Can we dump 60k self contribution in Nov 2021 and get the dividend in March 2022?