employer epf contribution rate
It was 85 in the previous year. Please note effective from January 2021 wages February 2021 contribution until December 2021 wages January 2022 contribution the contribution rate was reduced from 11 to 9 for employees aged under 60. Epfo Announcement Announcement Contribution Reduction Note once you have seeded PAN and EPF - it is to be approved and digitally signed by the employer. . For employees with monthly wages exceeding RM20000 the employees contribution rate shall be 9 while the rate of contribution by the employer is 12. An employee with a salary less than RM5000 will have employer contribution of 13 while more than RM5000 salary the employer contribution is 12. 12 Ref Contribution Rate Section A. It was 865 in 2018-19 855 in 2017-18 and. The CPF contribution rate for employees aged above 55 to 70 will be increased from 1 January 2023 to strengthen retirement adequacy. Additionally the employer also contributes 05