Cancel option to contribute more than statutory rate for Employee’s Share – Form KWSP 18A (AHL) EPF Contribution Payment. The employer must pay their employee's contributions on or before the 15th of the following wage month. The employer must initially pay to the EPF both his and the employee's shares. However, the employer may recover the.
Mandatory Contribution Last updated : 03 Mar 2021 EPF members in the private and non-pensionable public sectors contribute to their retirement savings through monthly salary deductions by their employers. These contributions, comprising the member’s and employer’s share, will be credited into the member's EPF account.
Following Budget 2021, a similar announcement was made, although the reduced minimum statutory contribution for the year 2021 was set at a slightly higher 9%. Again, EPF members have the choice of reverting to 11%; to do so, an application has to be made with a Borang KWSP 17A (Khas 2021) form via the employer in question.
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