Special Incentive
Receive special incentive of 15% for the total contribution up to a maximum of RM500 for the current year*

RM 3333 * 15% = RM 499.95



If I deposit RM 3334 one time, can I get the incentive?

Or must I deposit money monthly?



Kuala Lumpur: Bermula 1 Januari 2024, had maksimum insentif caruman padanan kerajaan untuk program i-Saraan Kumpulan Wang Simpanan Pekerja (KWSP) dinaikkan daripada RM300 kepada RM500 setahun.

Rakyat Malaysia yang berumur di bawah 60 tahun, berada dalam sektor tidak formal, termasuk yang bekerja sendiri dan tiada pendapatan tetap, serta mencarum secara sukarela di bawah program i-Saraan, akan menerima insentif padanan sebanyak 15 peratus daripada caruman sukarela, tertakluk kepada had insentif maksimum RM500 setahun.


KWSP dalam satu kenyataan hari ini berkata, kerajaan juga akan terus memberi insentif berkenaan********* kepada setiap peserta i-Saraan yang mencarum, tertakluk kepada insentif **********seumur hidup maksimum RM5,000.********

	Waktu Operasi
**Alamat**	Tingkat Bawah, Bangunan KWSP, Jalan Raja Laut, 50350 Kuala Lumpur
**Perkhidmatan**	Khidmat Nasihat Persaraan (RAS) <br> Penguatkuasaan <br> Self-Service Terminal (SST) <br> Kaunter Pembayaran
**Pejabat**	Isnin - Jumaat: 8.00 pagi - 5.00 petang
**Kaunter**	Isnin - Jumaat: 8.30 pagi - 4.30 petang
**Self-Service Terminal (SST) **	Setiap Hari: 8.00 pagi – 8.00 malam (Kecuali Cuti Umum)

KWSP Johor Bahru

Tingkat 1 & 12-17,
Bangunan KWSP,
Jalan Dato' Dalam,
80000 Johor Bahru,
Johor

Perkhidmatan

	Ahad – Rabu	Khamis
Pejabat	8.00 pagi - 4.45 petang	8.00 pagi - 4.30 petang
Kaunter	8.30 pagi – 4.30 petang	8.30 pagi – 4.30 petang
Self-Service Terminal (SST)	8.30 pagi – 5.00 petang	8.30 pagi – 5.00 petang

This post has been edited by plouffle0789: May 4 2024, 07:00 PM

EPF has now become a charity organisation under PMX, instead of a retirement fund. Totally lost the objective of why it was establish.

As with all things, it's always better to directly ask/call EPF

that said, according to their website FAQ, it's "Total Contributions Accumulated Current Year"

meaning whether you contribute monthly or lump sum, as long as it's add up to RM3,334 by the end of 2024, you will get the incentive.



Eng
BM

btw, it appears that the scheme has a lifetime incentive limit of RM5,000
So if you max out (RM500) every year, you can claim it 10 times

Yes, the maximum is RM 5000.


If we never set a lifetime maximum limit, the Ministry of Finance in Malaysia could face bankruptcy, given the country's large population.

This post has been edited by plouffle0789: May 4 2024, 02:33 PM

Do you need to create a new i-saraan account? If yes, how to apply?

This post has been edited by jojolicia: May 4 2024, 02:38 PM

Even with 15% for 10 years also will face problem. Where are they getting the money from to return 15%? If they can do it, I don't see a problem giving epf members 10%.

this incentive is for freelancer and gig economy worker which did not compulsory contribute to KWSP

If u have a full time job which contribute KWSP monthly, u are not entitle for this RM500 I Saraan incentive

You're asking if the Employees Provident Fund (EPF) can give a 10% dividend rate to all members?

They cannot do it this way.

However, if they offer a RM 500 per year incentive to each person who deposits RM 3,334 into the EPF, they might be able to do it. They have the ability to do so.


This incentive is for freelancers and gig economy workers who do not compulsorily contribute to the EPF. If you have a full-time job that contributes to the EPF monthly, you are not entitled to this RM500 i-Saraan incentive.


So not many people can get this RM 500 incentive..

This post has been edited by plouffle0789: May 4 2024, 02:50 PM

because the 15% is not for unlimited amount
there is a max RM500 per year (or RM5,000 total)

it's like Shopee 80% voucher coupon, but capped at RM1 total.

If 10,000 people participate in it, EPF would have to contribute RM5,000,000/year
But in return, they would receive a minimum of RM33,340,000/year
and the money they received will be lock-in with them until the participant retirement

but that is not what's important
this incentive is meant to be a "starter seed"
it's to compel people to kick start a saving and start a habit

what people don't understand is the power of compounding interest
saving with compounding interest can more than double the saving in the long run

remember kids, save early.
and if you do not have any other form of investment, then contribute more to your epf (don't just contribute the bare minimum RM3,334)

Can register online if u hv online account. Make sure u choose i-saraan when u make contribution instead of normal caruman sukarela.

Must register i-saraan on kwsp apps or website first right?


I think many malaysians work at sg do i-saraan also....


https://online.kwsp.gov.my/isaraanReg/?lang=en


i-Saraan Registration Operating Hours:

Monday to Friday:
08:00 AM to 09:00 PM



Saturday, Sunday and Federal Territories public holiday:
05:00 AM to 07:00 PM

This post has been edited by plouffle0789: Jun 21 2024, 04:48 AM

May I know where is the i-saraan top up button?

This post has been edited by plouffle0789: Jun 21 2024, 04:47 AM

Must register i-saraan on kwsp apps or website first.


I think many malaysians work at sg do i-saraan also....


https://online.kwsp.gov.my/isaraanReg/?lang=en


i-Saraan Registration Operating Hours:

Monday to Friday:
08:00 AM to 09:00 PM



Saturday, Sunday and Federal Territories public holiday:
05:00 AM to 07:00 PM

interesting ni

i gonna register at 8am online later then put rm 3334 in it

so conlanfirm get rm 500 total (since aready june) by end of the year or 12 month aka june 2025 only get rm 500?

T20 kn da byk fund dalam KWSP. Ambik 20% kasi B40 je la. Tolongla rakyat² yg miskin ni.

register then carum one time then tak carum also can get RM500 a month?


noice

Rm500 pe year.

getting all these freebies and dedajs in gomen platforms is like treasure hunting nowadays...

Thanks mate for the headups

Suppose I save 1000 a month.

Does that mean every month I'll get back 15%, RM 150 or it works some other way?