EPF from 11% to 8%

12th November 2008, Wednesday

It was reported that from January,2009, EPF would automatically reduce the employees’ contribution from 11% to 8% percent.

The EPF had stated that those employees who did not wish to reduce their statutory contribution from 11 % to 8% a month would have to state this in writing by filling up the ” Form KWSP 17A (AHL) ” and hand it to their employers to submit to EPF.

Would you like to stay with 11% or 8% on monthly EPF contribution ?