EPF caps voluntary contributions at RM60,000 per year

KUALA LUMPUR, Nov 28 ― The Employees Provident Fund (EPF) is capping all voluntary contributions, including those under the 1Malaysia Retirement Savings Scheme, to RM60,000 a year effective Jan 1.

“Voluntary contributions in the context of the EPF refer to contributions made by those who are self-employed, owners of sole proprietorships, business partners or those without a fixed monthly income including housewives,” EPF deputy chief executive officer for operations Datuk Ibrahim Taib said in a statement today.

“While participants can contribute a minimum of RM50 a month, effective Jan 1, 2013, the maximum that can be contributed under voluntary contributions in a year is RM60,000,” he added.

Contribution payments can be made via cash or cheque using the KWSP 6A(1) form for voluntary contributions and KWSP 6A(2) form for the 1Malaysia Retirement Savings Scheme.

Both forms are available at the nearest EPF branch or can be downloaded from the myEPF website at

More information can be obtained from the nearest EPF branch or by contacting the EPF Call Centre at 03-8922 6000 or log on to the myEPF website. ― Bernama


Please refrain from nicknames or comments of a racist, sexist, personal, vulgar or derogatory nature, or you may risk being blocked from commenting in our website. We encourage commenters to use their real names as their username. As comments are moderated, they may not appear immediately or even on the same day you posted them. We also reserve the right to delete off-topic comments