{"id":21650,"date":"2016-01-29T16:41:39","date_gmt":"2016-01-29T08:41:39","guid":{"rendered":"https:\/\/www.imoney.my\/articles\/?p=21650"},"modified":"2019-12-03T10:18:43","modified_gmt":"2019-12-03T02:18:43","slug":"epf-contributions-can-remain-at-11-for-employees","status":"publish","type":"post","link":"https:\/\/www.imoney.my\/articles\/epf-contributions-can-remain-at-11-for-employees","title":{"rendered":"EPF Contributions Can Remain At 11% For Employees"},"content":{"rendered":"<p>The Government has agreed to lower employees\u2019 contribution to the Employee\u2019s Provident Fund (EPF) by 3% beginning March 2016 to December 2017 as part of the revised <a href=\"https:\/\/www.imoney.my\/articles\/recalibration-malaysia-budget-2016-highlights\" target=\"_blank\" rel=\"noopener noreferrer\">Budget 2016<\/a>.<\/p>\n<p>However, employees will have the option of maintaining their contribution to EPF at 11%.<\/p>\n<p>EPF said in a statement that members could fill up a form and submit it to their employers so that they can contribute more than the statutory rate.<\/p>\n<p>\u201cEmployers will then forward the notices to the nearest EPF branch,\u201d the government agency said.<\/p>\n<p>The notice, labelled Notis 17A Khas 2016, would be made available for download from <a rel=\"nofollow noopener noreferrer\" href=\"http:\/\/www.kwsp.gov.my\/portal\/web\/kwsp\/home\" target=\"_blank\">EPF\u2019s website<\/a> beginning 2 February. The new monthly contribution rate (Schedule Three) can be downloaded from Feb 16, EPF said.<\/p>\n<p>The move to cut employee contributions from 11% to 8% was among 11 restructured and recalibrated measures to ensure the economy and country\u2019s financial position remain on the right track.<\/p>\n<div class=\"mv-widget\" data-widget=\"poll\" data-id=\"ZcminvaGp85gqFqdQSR1hoCHMAO\" data-width=\"100%\" data-height=\"auto\"><\/div>\n<p><script src=\"\/\/d6launbk5pe1s.cloudfront.net\/widget.js\" async=\"\"><\/script><\/p>\n<p>Contribution by employers will remain at 12% (for employees earning above RM5,000) and 13% (for employees earning RM5,000 and below).<\/p>\n<p>The new rate means that employees will now have a higher discretionary income to cope with the rising cost of living. The move is expected to increase private sector spending by RM8 billion a year.<\/p>\n<p>A similar reduction was imposed between January 2008 and December 2009 amid a global financial crisis.<\/p>\n<p>Should you go for 8% or 11% EPF contributions? Find out <a href=\"https:\/\/www.imoney.my\/articles\/epf-contribution-rate-2016-8-or-11\" target=\"_blank\" rel=\"noopener noreferrer\">here<\/a>.<\/p>\n<p><em>[<\/em><a href=\"http:\/\/www.thestar.com.my\/news\/nation\/2016\/01\/29\/epf-contributions-can-stay-at-11-employees-have-the-option-to-maintain-their-current-cut\/\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"><em>Source<\/em><\/a><em>]<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Under Budget 2016 revision, Malaysians now have the options of lowering their EPF contributions by 3% or maintaining it at 11%.<\/p>\n","protected":false},"author":34,"featured_media":21651,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[294,216,240],"tags":[340],"class_list":["post-21650","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-budget-2016","category-news-updates","category-retirement-planning","tag-epf"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>EPF Contributions Can Remain At 11% For Employees | iMoney<\/title>\n<meta name=\"description\" content=\"Under Budget 2016 revision, Malaysians now have the options of lowering their EPF contributions by 3% or maintaining it at 11%.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.imoney.my\/articles\/epf-contributions-can-remain-at-11-for-employees\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EPF Contributions Can Remain At 11% For Employees\" \/>\n<meta property=\"og:description\" content=\"Under Budget 2016 revision, Malaysians now have the options of lowering their EPF contributions by 3% or maintaining it at 11%.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.imoney.my\/articles\/epf-contributions-can-remain-at-11-for-employees\" \/>\n<meta property=\"og:site_name\" content=\"iMoney Malaysia\" \/>\n<meta property=\"article:published_time\" content=\"2016-01-29T08:41:39+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-12-03T02:18:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.imoney.my\/articles\/wp-content\/uploads\/2016\/01\/epf1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"350\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Fiona Ho\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Fiona Ho\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.imoney.my\/articles\/epf-contributions-can-remain-at-11-for-employees\",\"url\":\"https:\/\/www.imoney.my\/articles\/epf-contributions-can-remain-at-11-for-employees\",\"name\":\"EPF Contributions Can Remain At 11% For Employees | iMoney\",\"isPartOf\":{\"@id\":\"https:\/\/www.imoney.my\/articles\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.imoney.my\/articles\/epf-contributions-can-remain-at-11-for-employees#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.imoney.my\/articles\/epf-contributions-can-remain-at-11-for-employees#primaryimage\"},\"thumbnailUrl\":\"\/articles\/wp-content\/uploads\/2016\/01\/epf1.jpg\",\"datePublished\":\"2016-01-29T08:41:39+00:00\",\"dateModified\":\"2019-12-03T02:18:43+00:00\",\"author\":{\"@id\":\"https:\/\/www.imoney.my\/articles\/#\/schema\/person\/1592c99f7b5bcf3b63b35be6d4f94645\"},\"description\":\"Under Budget 2016 revision, Malaysians now have the options of lowering their EPF contributions by 3% or maintaining it at 11%.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.imoney.my\/articles\/epf-contributions-can-remain-at-11-for-employees#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.imoney.my\/articles\/epf-contributions-can-remain-at-11-for-employees\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.imoney.my\/articles\/epf-contributions-can-remain-at-11-for-employees#primaryimage\",\"url\":\"\/articles\/wp-content\/uploads\/2016\/01\/epf1.jpg\",\"contentUrl\":\"\/articles\/wp-content\/uploads\/2016\/01\/epf1.jpg\",\"width\":800,\"height\":350},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.imoney.my\/articles\/epf-contributions-can-remain-at-11-for-employees#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.imoney.my\/articles\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Budget 2016\",\"item\":\"https:\/\/www.imoney.my\/articles\/category\/budget-2016\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"EPF Contributions Can Remain At 11% For Employees\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.imoney.my\/articles\/#website\",\"url\":\"https:\/\/www.imoney.my\/articles\/\",\"name\":\"iMoney Malaysia\",\"description\":\"Everything you need to know about improving your personal finances.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.imoney.my\/articles\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.imoney.my\/articles\/#\/schema\/person\/1592c99f7b5bcf3b63b35be6d4f94645\",\"name\":\"Fiona Ho\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.imoney.my\/articles\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/9e375136efe8d7056f17fb99c8f4a9f7?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/9e375136efe8d7056f17fb99c8f4a9f7?s=96&d=mm&r=g\",\"caption\":\"Fiona Ho\"},\"url\":\"https:\/\/www.imoney.my\/articles\/author\/fionaho\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"EPF Contributions Can Remain At 11% For Employees | iMoney","description":"Under Budget 2016 revision, Malaysians now have the options of lowering their EPF contributions by 3% or maintaining it at 11%.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.imoney.my\/articles\/epf-contributions-can-remain-at-11-for-employees","og_locale":"en_US","og_type":"article","og_title":"EPF Contributions Can Remain At 11% For Employees","og_description":"Under Budget 2016 revision, Malaysians now have the options of lowering their EPF contributions by 3% or maintaining it at 11%.","og_url":"https:\/\/www.imoney.my\/articles\/epf-contributions-can-remain-at-11-for-employees","og_site_name":"iMoney Malaysia","article_published_time":"2016-01-29T08:41:39+00:00","article_modified_time":"2019-12-03T02:18:43+00:00","og_image":[{"width":800,"height":350,"url":"https:\/\/static.imoney.my\/articles\/wp-content\/uploads\/2016\/01\/epf1.jpg","type":"image\/jpeg"}],"author":"Fiona Ho","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Fiona Ho","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.imoney.my\/articles\/epf-contributions-can-remain-at-11-for-employees","url":"https:\/\/www.imoney.my\/articles\/epf-contributions-can-remain-at-11-for-employees","name":"EPF Contributions Can Remain At 11% For Employees | iMoney","isPartOf":{"@id":"https:\/\/www.imoney.my\/articles\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.imoney.my\/articles\/epf-contributions-can-remain-at-11-for-employees#primaryimage"},"image":{"@id":"https:\/\/www.imoney.my\/articles\/epf-contributions-can-remain-at-11-for-employees#primaryimage"},"thumbnailUrl":"\/articles\/wp-content\/uploads\/2016\/01\/epf1.jpg","datePublished":"2016-01-29T08:41:39+00:00","dateModified":"2019-12-03T02:18:43+00:00","author":{"@id":"https:\/\/www.imoney.my\/articles\/#\/schema\/person\/1592c99f7b5bcf3b63b35be6d4f94645"},"description":"Under Budget 2016 revision, Malaysians now have the options of lowering their EPF contributions by 3% or maintaining it at 11%.","breadcrumb":{"@id":"https:\/\/www.imoney.my\/articles\/epf-contributions-can-remain-at-11-for-employees#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.imoney.my\/articles\/epf-contributions-can-remain-at-11-for-employees"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.imoney.my\/articles\/epf-contributions-can-remain-at-11-for-employees#primaryimage","url":"\/articles\/wp-content\/uploads\/2016\/01\/epf1.jpg","contentUrl":"\/articles\/wp-content\/uploads\/2016\/01\/epf1.jpg","width":800,"height":350},{"@type":"BreadcrumbList","@id":"https:\/\/www.imoney.my\/articles\/epf-contributions-can-remain-at-11-for-employees#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.imoney.my\/articles\/"},{"@type":"ListItem","position":2,"name":"Budget 2016","item":"https:\/\/www.imoney.my\/articles\/category\/budget-2016"},{"@type":"ListItem","position":3,"name":"EPF Contributions Can Remain At 11% For Employees"}]},{"@type":"WebSite","@id":"https:\/\/www.imoney.my\/articles\/#website","url":"https:\/\/www.imoney.my\/articles\/","name":"iMoney Malaysia","description":"Everything you need to know about improving your personal finances.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.imoney.my\/articles\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.imoney.my\/articles\/#\/schema\/person\/1592c99f7b5bcf3b63b35be6d4f94645","name":"Fiona Ho","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.imoney.my\/articles\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/9e375136efe8d7056f17fb99c8f4a9f7?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/9e375136efe8d7056f17fb99c8f4a9f7?s=96&d=mm&r=g","caption":"Fiona Ho"},"url":"https:\/\/www.imoney.my\/articles\/author\/fionaho"}]}},"_links":{"self":[{"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/posts\/21650"}],"collection":[{"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/comments?post=21650"}],"version-history":[{"count":9,"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/posts\/21650\/revisions"}],"predecessor-version":[{"id":41528,"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/posts\/21650\/revisions\/41528"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/media\/21651"}],"wp:attachment":[{"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/media?parent=21650"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/categories?post=21650"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/tags?post=21650"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}