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Employee's EPF Rate From 11% To 9%

Employee's EPF Rate From 11% To 9%

Effective From 01 January 2021 To 31 December 2021

  • The new statutory contribution rate for employees will be in effect from January 2021 wages (February 2021 contribution) up to December 2021 wages (January 2022 contribution).
  • Only employees who have yet to reach 60 years old are affected by the reduction on statutory contribution for employees.
  • For those aged 60 and above, the statutory contribution for employees remains at the existing rate.
  • The employer’s share of contribution remains at the existing statutory rate.
  • Employees can choose to maintain their statutory rate of contribution at 11% by submitting the Borang KWSP 17A (Khas 2021) form, to their respective employers.

 

HOW TO RETAIN EPF 11% ?

STEP TO APPLY AS BELOW

Download Borang KWSP 17A Khas 2021

OR

Print directly from SQL Payroll

Contact your service agent to assist print out borang KWSP 17A (Khas 2021) from SQL Payroll directly