Monday, December 1, 2008

Maintain Your EPF Contribution At 11%

Forms for EPF members to contribute 11% available
http://www.thestar.com.my/news/story.asp?file=/2008/12/1/nation/20081201172330&sec=nation
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.
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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

OR

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.

KUMPULAN WANG SIMPANAN PEKERJA
November 2008

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