EPF Voluntary Contribution (I-Saraan)

EPF Voluntary Contribution (I-Saraan)

Securing Retirement With Voluntary Contribution

Voluntary Contribution with Retirement Incentive (i-Saraan) allows our members who are self-employed and do not earn a regular income to make voluntary contributions towards your retirement, and at the same time receive additional contribution from the government.

Retirement Incentive (i-Saraan)

As a member under this incentive, you will receive a 15% government contribution (a maximum of RM250/year [Effective 1 Jan 2018]) on top of your own contributions.

*Not applicable to members that receive a fixed employer contribution.
*Government contribution is limited to members who are below age 55.

Benefits

Retirement avenue for those who are self-employed or do not earn a regular income

Contribute according to your own time and within your own financial ability and still be able to make withdrawals

Earn annual EPF dividend on your retirement savings

Receive additional special incentive of 15% subject to a maximum of RM250 annually for members aged below 55 years old. The special incentive will be given from year 2018 until 2022.

Death Benefit: RM2,500
* subject to EPF terms and conditions

Who Can Apply

Requirements

Malaysian Citizen

Self-employed individuals

Who derive income from own work and are not an employee

EPF Member

Registered EPF Member

Below 55 years of age

Opted to contribute under i-Saraan

Submitted Form KWSP 16G(M)

Important Reminder: Housewives are only allowed to opt for one (1) incentive at a time. If you have registered for Insentif Suri (i-Suri) earlier, you would need to cancel it before reapplying for i-Saraan. However this is depending on your eligibility.

Payment Methods and Channels

Internet Banking (Online transfer)

Maybank
Public Bank
RHB Bank
Bank Muamalat
CIMB Bank
Bank Islam

Bank Agent Counters (Cash/cheque)

BSN
Maybank
Public Bank
Bank Agent (EB) BSN

EPF Counters

Cash (RM500 maximum) / cheque at all EPF counters in state capital including KWSP Muar

Payment Limit

Minimum (RM only)

No limit

Maximum (RM only)

RM60,000 yearly for all Voluntary Contribution
(Self Contribution, i-Saraan, i-Suri, Top-up Savings Contribution – effective January 2013)

What You Need

MyKad

i-Saraan Form - KWSP 16G (M) (Only for first time registration)

i-Saraan Form - KWSP 6A (2) (During payment)

Payment in cash and cheque or through internet banking (form not required).

Source from: https://www.kwsp.gov.my/member/contribution/i-saraan

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EPF Voluntary Contribution (I-Saraan)