• Leslie Quak

NEWS: Employee Contribution for KWSP Reverts to 11%

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Overview

Given the economic situation due to the pandemic in 2020/2021, it was announced at Budget 2021 that employees would have the option to reduce their statutory contributions to the EPF from 11% to 9%.


New Announcement

The KWSP in a recent update has announced that the required statutory contribution for employees will now revert to 11%.

Starting July 2022 (which means the first contribution with the reverted rate will be in August 2022) the contribution rate will return to 11%.


If you need to keep up to date with the latest updates and changes to regulations, our team can help you with our one-click solution to HR and payroll. Contact us today.


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