Things To Know About EPF

In Malaysia, it is compulsory for employers to pay monthly 12% – 13% EPF contribution for their employees, and 11% contributed from employee’s monthly salary (7% in year 2020).

 

𝐇𝐨𝐰 𝐜𝐚𝐧 𝐰𝐞 𝐮𝐬𝐞 𝐭𝐡𝐞 𝐬𝐚𝐯𝐢𝐧𝐠𝐬?

 

EPF contribution will be separated into 2 accounts:

 

【𝐀𝐜𝐜𝐨𝐮𝐧𝐭 𝟏】:

 

  • 70% of total monthly contribution (employers + employees)
  • Savings can only withdraw after aged of 55 for retirement purpose

【𝐀𝐜𝐜𝐨𝐮𝐧𝐭 𝟐】:

 

  • 30% of total monthly contribution (employers + employees)
  • Savings can withdraw under several situation
    [Kindly refer to pictures for details]

𝐇𝐨𝐰 𝐭𝐨 𝐜𝐡𝐞𝐜𝐤 𝐦𝐲 𝐬𝐚𝐯𝐢𝐧𝐠 𝐛𝐚𝐥𝐚𝐧𝐜𝐞?

 

  • Members can check their saving balance via https://secure.kwsp.gov.my/member/member/login.
    (𝐹𝑜𝑟 𝑓𝑖𝑟𝑠𝑡 𝑡𝑖𝑚𝑒 𝑢𝑠𝑒𝑟, 𝑟𝑒𝑔𝑖𝑠𝑡𝑟𝑎𝑡𝑖𝑜𝑛 𝑐𝑎𝑛 𝑏𝑒 𝑑𝑜𝑛𝑒 𝑎𝑡 𝐸𝑃𝐹 𝑏𝑟𝑎𝑛𝑐ℎ𝑒𝑠.)