Employee KWSP Portion Back to 11%

Friday, November 19, 2010

Starting January 2011, employee KWSP portion switch back to 11% after 2 years ago. Employee has given option whether to maintain 11% or reduce to 8% in 2008.

The employer contribution for their portion still maintain at 12%.


From KWSP website:

EPF Employee Contribution Rate Back to 11 Per Cent January 2011


The Employees Provident Fund (EPF) monthly statutory contribution rate for employees will revert to 11 per cent from 8 per cent with effect from January 2011 wage and the contribution to be paid to the EPF from February 2011 onwards.

The employees’ statutory rate was lowered for a two-year period from 11 per cent to 8 per cent beginning January 2009 to December 2010 wage.

Employers are advised to ensure that the correct amounts are deducted from the employees’ wages based on the new contribution rate and remitted to the EPF starting from February 2011 contributions.

Members who had previously submitted Form KWSP 17A (AHL) Khas/KWSP 17AA Khas to maintain the contribution rate at 11 per cent during the two-year period would not need to take further action.

The employers’ share of the monthly contribution to the EPF remains at 12 per cent.

Employers who need more information may visit the nearest EPF branch, contact EPF Call Centre at 03-8922 6000, or post their enquiries via myEPF website at Enquiry.


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