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The self-payment EPF limit has been increased to RM100K! - SH MAH & ASSOCIATES
The self-payment EPF limit has been increased to RM100K!
26-Feb-2024
& Notice for EPF Members &
KWSP has increased the limit for self-contribution to the Employees Provident Fund (EPF) < As proposed in the 2023 fiscal budget, the government's initiative to raise the self-contribution limit for EPF has finally been implemented. KWSP announced on its official website on May 31st that the maximum self-contribution to EPF has been raised from RM60,000 to RM100,000!
This measure benefits all EPF members, especially employees, as they can now contribute more money each month to their EPF savings, thereby securing a higher retirement fund.
Members can complete their self-contributions through various methods such as online bank transfers, EPFi-Akaun, EPF counters, and more. After completing the self-contribution, it may take several working days to receive updates on the EPF savings deposit information.