EPF Contribution Rates Malaysia 2024
Established in 1951, the Employees Provident Fund (EPF) in Malaysia is a government-managed retirement savings scheme aimed at helping private sector employees save for their retirement. Under the scheme, both employers and employees contribute a portion of the employee’s salary to the fund.
The EPF provides various services, including retirement savings, withdrawals for housing, education, and medical expenses, and offers investment options for members. The fund is one of the world’s oldest and largest retirement funds, with robust financial management and investment strategies. It ensures financial security for Malaysians in their post-retirement years.
The following poster provides a comprehensive look at the different contribution rates for EPF as of 2024.
