Monday, December 1, 2008

Maintain Your EPF Contribution At 11%

Forms for EPF members to contribute 11% available
KUALA LUMPUR: Members of the Employees Provident Fund (EPF) who wish to maintain the employees monthly contribution rate at 11% cent from January 2009 may obtain Form KWSP 17A (AHL) Khas from all EPF branches or download it from the myEPF website beginning Monday.

From KWSP website

Form to maintain contribution of employees’ share at 11% is now available

The statutory contribution rate of employees’ share will be reduced at 3% from 11% to 8%, effective from January 2009 wage (February 2009 contribution) to December 2010 wage (January 2011 contribution).

Members who wish to maintain the contribution rate at 11% may choose to do so by filling up the forms below, now available at all EPF Offices or downloaded from this website.

1. Individual application through:

Form KWSP 17A (AHL) – Khas


2. Bulk application through:

Form KWSP 17AA (AHL) – Khas

Requirements when filling in the forms:

(a) The forms are only applicable for members who wish to increase the contribution rate of employees’ share from 8% to 11% (an increase of contribution rate of 3% only); AND

(b) The option made through these forms will be effective until December 2010 wage/salary (January 2011 contribution).

Once completed, submit the forms to EPF through members' respective employers.

Please refer to Part A and Part B of the Third Schedule of EPF Act 1991 (Amendment) 2008 for the new monthly contributions schedule that will take effect from 1 January 2009 to 31 December 2010.

Employers may also refer to Notice to Employers for further details.

Thank you.

November 2008

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