This article explains the process and responsibilities related to EPF (Employee Provident Fund) contributions in Malaysia, including rates, deadlines, and payment methods for employers and employees. It also highlights the recent changes to EPF contribution rates and provides guidance on voluntary contributions.

EPF reports a total investment income of RM33.19 billion in the first half of 2023, driven by positive global equity market performance and strategic investment decisions. The organization's efforts to support Malaysia's domestic market and increase active members contribute to its strong financial performance.

EPF introduces Belanjawanku app for expense tracking and financial management, aiming to improve Malaysians' financial literacy and budget adherence.

Learn about the recent EPF building fire incident and its implications for employers. Discover the potential impact on EPF services and find out what measures employers can take to mitigate disruptions and ensure smooth operations.

The EPF's new Kwasa Damansara branch offers a convenient location with ample parking and is easily accessible by MRT Kwasa Damansara, ensuring a hassle-free experience for members and employers.

As an employer, one of your roles includes submitting EPF contributions on behalf of any individual you've employed to work under a contract of service or apprenticeship. You should ensure that the monthly contributions subtracted from your workers' wages are accurate and transferred to EPF punctually.

Also known as Kumpulan Wang Simpanan Pekerja (KWSP), the Employees’ Provident Fund (EPF) is one of the world’s oldest and largest retirement savings funds, with 7.63 million active members and 522,967 employers as of December 2019. It serves as a social security organization that primarily helps private sector employees save a fraction of their earnings, which can be used as retirement funds in the future. 

Malaysians will require at least RM600,000 to retire comfortably in major cities, according to the Employees Provident Fund (EPF).

The government is considering developing foreign workers' savings programme modelled after the Employers Provident Fund (EPF), which it thinks would alleviate several other issues.

Starting April 1, EPF members who want to withdraw their savings under the latest withdrawal facility can do so via a special portal. They can also apply via the i-Akaun mobile app.