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HR & Labour Laws
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AI Executive Summary
Statutory employee and employer EPF contribution tables, voluntary excess contributions, online i-Akaun Majikan, and monthly 15th payment deadlines.
Employees Provident Fund (KWSP) Mandate
Under the Employees Provident Fund Act 1991, every employer operating in Malaysia is legally required to register with KWSP within 7 days of hiring an employee and make monthly statutory retirement contributions.
Current Statutory Contribution Rates
- Monthly Wages ≤ RM 5,000: Employer contributes 13%; Employee contributes 11% (Statutory Default).
- Monthly Wages > RM 5,000: Employer contributes 12%; Employee contributes 11%.
- Foreign Workers: As announced in recent national budgets, mandatory EPF phased contributions are being introduced for non-Malaysian workers to establish parity in social safety nets.
Payment Deadlines & Enforcement
Monthly EPF contributions must be remitted via the i-Akaun (Majikan) portal on or before the 15th day of each following month. Late payments incur dividend interest penalties and late payment charges.