Employees Provident Fund Act 1991

The Employees Provident Fund Act 1991 stipulates a compulsory contribution for employees. Under the Act, all employers and employees (except foreign workers and those who are listed under the First Schedule) must contribute to the Employees Provident Fund (EPF). With effect from 1 February 2008 the rate of contributions shall be as follows:-

Employees who are Malaysian citizens, Permanent Residents and non-Malaysian Citizens who have elected to contribute to EPF before 1 August 1998 and who have not attained the age of 55 years (Refer to Part A of the Third Schedule), the applicable rate shall be as follows:-

• Employers – Minimum of 12% of the employees’ monthly wages
• Employees – Minimum of 11% of the employees’ monthly wages

Employees who are Malaysian citizens, Permanent Residents and non-Malaysian Citizens who have elected to contribute to EPF before 1 August 1998 and have attained the age of 55 years (Refer to Part C of the Third Schedule), the applicable rate shall be as follows:-

• Employers – Minimum of 6% of the employees’ monthly wages
• Employees – Minimum of 5.5% of the employees’ monthly wages

Employees who are not Malaysian Citizens but elect to contribute to EPF on or after 1 August 1998 and who elect to contribute under paragraph 3 and 6 of the First Schedule of the EPF Act 1991, (Refer To Part B of The Third Schedule) and who have not attained the age of 55 years the applicable rate shall be as follows:-

• Employers – RM5.00 (US$1.33) per employee per month
• Employees – 11% of the employees’ monthly wages

Employees who are not Malaysian Citizens but elect to contribute to EPF on or after 1 August 1998 and who elect to contribute under paragraph 3 and 6 of the First Schedule of the EPF Act 1991 and who have attained the age of 55 years, (Refer To Part D of The Third Schedule) the applicable rate shall be as follows:-

• Employers – RM5.00 (US$1.33) per employee per month
• Employees – 5.5% of the employees’ monthly wages

All employers must register their employees with EPF immediately upon employment except for those who are exempted under the Act.

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Tags: Akta EPF, Akta KWSP, Employees Provident Fund Act 1991, EPF, KWSP

Category: Malaysia Labour Law