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Application for employees to maintain EPF contribution at 11 per cent from Dec 14

KUALA LUMPUR: Employers can start submitting their employees' applications to maintain the 11 per cent statutory contribution rate for employees beginning Dec 14.

A statement from Employees Provident Fund (EPF) said all submissions are to be done through the i-Akaun (employer) website only, to ensure physical distancing and minimise face-to-face interactions in the wake of Covid-19.

"During this period, the EPF is limiting employers from coming to its branches and restricting officer visits to employer premises.

"Employers can only be at (EPF) branches for the purpose of employer registration with an appointment made via Janji Temu Online (www.kwsp.gov.my/janjitemu)," it said.

It said monthly EPF contributions payment, and late payment charges and dividend can be done through i-Akaun, internet banking and appointed bank agent counters.

Employers can directly contact the assigned Employer Advisory Service (EAS) officer for matters including advisory services and account management, it added.

For further information, employers can contact EPF's contact management centre (03-8922 6000) or visit www.kwsp.gov.my.

Earlier today, EPF said the statutory contribution rate for employees in 2021 will be reduced from 11 per cent to nine per cent.

The new rate will take effect beginning next year and applies only to members below 60 years old who are liable for contribution.

It said the statutory contribution rate for employees remains unchanged for members aged 60 years old and above.

The new rates will be in effect for an entire year, affecting wages for the months of Jan 2021 (Feb 2021's contribution) up to Dec 2021 (Jan 2022's contribution).

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