Employees Provident Fund (EPF)

Overview The Employees’ Provident Fund (known by its acronym EPF, or KWSP in Malay) is a Malaysian government agency that manages a compulsory savings plan and retirement planning for private and non-pensionable public sector employees. The EPF functions through monthly contributions from employees and their employers towards saving accounts. While in savings these funds may […]

Under EPF rules, both employee and employer contributions are payable. Employee contributions are deducted from the employee’s salary and paid to KWSP together with the employer contributions. Although the contribution rates are usually featured as a percentage of the salary subject to EPF, the percentage is approximate and the actual contributions must be taken from […]

Payments Subject to EPF Contribution In general, all monetary payments that are meant to be wages are subject to EPF contribution. These include: Salaries Payments for unutilized annual or medical leave Bonuses Allowances (except a few, see below) Commissions Incentives Arrears of wages Wages for maternity leave Wages for study leave Wages for half day leave […]

EPF submission and payment can be made either via e-Caruman or online banking. For payment via e-Caruman, you are required to have an account with KWSP i-Akaun. Meanwhile for online banking, you will need to upload the EPF payment bank file via your bank portal. For PayrollPanda users, files for both EPF submission methods can […]

Once your payroll is submitted in your PayrollPanda account, the EPF file (EPF_iAkaun.csv) will be among the downloadable files and can be uploaded to your i-Akaun to submit contribution details (form A) to KWSP. Login to your employer i-Akaun. 1. Use the employer EPF number as your User ID and your password to login. 2. On […]

There are 4 different ways to register a previously unregistered employee: Via i-Akaun (Employer) • This option is available for Malaysian and permanent resident employees who have identification cards with 7 and 12 digits only. Login to your i-Akaun and click on Register EPF Member. Auto Registration via Monthly Contribution Form (Form A) • Previously unregistered employees will be […]

i-Akaun is an online portal operated by the Employees’ Provident Fund (KWSP) for employers and members. Employers can access their i-Akaun to submit and pay their EPF contributions. This article is applicable to employers who are already registered with KWSP. Here is the link on how to register as an employer with the required statutory bodies if […]

Employees and employers can choose to contribute EPF at a higher rate than the minimum contributions specified in the EPF Contribution Table. However, they must get approval from KWSP before increasing the contributions. How to apply to KWSP to increase the EPF employee contribution rate If an employee opts to contribute at a rate exceeding […]