Employee’s share of EPF Contribution Rate reduced to 9% for the year 2021

Pursuant to the Government’s announcement of Budget 2021 for the Employees Provident Fund (EPF), the new statutory contribution rate for employees below 60 years old will be reduced from 11 per cent (11%) to nine per cent (9%). However, contribution rates for employees aged 60 years old and above remain unchanged.

This new rate will be in effect from January 2021 wages (February 2021 contribution) up to the December 2021 wages (January 2022 contribution).

Employees who wish to maintain the statutory contribution rate at 11% are required to apply via Borang KWSP 17A (Khas 2021), which will be made available on the KWSP website (www.kwsp.gov.my) from 1 December 2020 onwards.  The completed form must then be submitted to their respective employers for online registration via i-Akaun (Employer), which will begin from 14 December 2020.
有意维持现有11%缴纳率的员工,2020年12月1日起可从公积金局官网(www.kwsp.gov.my)下载并填写 KWSP 17A(2021年专用)表格。填写表格后须呈交给各自的雇主,以便通过i-账户(雇主)进行线上注册,自12月14日起开放注册。

Borang KWSP 17A (KHAS 2021) Form

For more information, kindly refer to the KWSP website or reach out to the KWSP Contact Management Centre at 03-8922 6000
欲知更多详情可参考KWSP网站或致电至03-8922 6000 联系有关单位