Feb 062012

Effective from January 2012 onwards, employers in Malaysia should contribute 13 percent to their employees who aged less than 55 years old and monthly salary of RM5,000 or below. Previously, the employer’s share contribution rate is 12 percent. That means, the EPF new contribution rate will be effective for February 2012 contribution and there’re actually […]

Jul 262010

Good news to all Malaysian citizens who are self-employed and individuals without monthly income to have a savings fund for the purpose of retirement. Our Prime Minister Datuk Seri Najib Tun Razak was announced 1Malaysia Retirement Savings Scheme in the 2010 Budget Session last year and the scheme is effective beginning 3 January 2010. Purpose […]

Jul 202010

EPF (Employees Provident Fund) or KWSP is a social security institution formed to provide retirement benefits for Malaysian citizens through management of their savings in an efficient and reliable manner. The total number of active and contributing members was 5.79 million as of 31 December 2009. The EPF ensures your savings are secure and receive […]

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