With reference to the Malaysia Budget 2021, the employee’s Employees Provident Fund (EPF) share of the statutory contribution rate will be reduced from 11% to 9% with effect from the salary month 1 January 2021 to 31 December 2021 (or EPF contribution month 02/2021 to 01/2022).

This new statutory contribution rate for employees applies only to members below 60 years old who are liable for contribution. For members aged 60 years old and above, the statutory contribution rate for employees remains unchanged.

Employers can complete the KWSP 17A Khas 2021 and submitt via i-Akaun (Employer), which will begin from 14 December 2020. Employers are also required to keep the form received for their record.

** The KWSP 17A Khas 2021 can be downloaded from https://www.kwsp.gov.my/documents/20126/147525/Borang+KWSP+17A+%28Khas+2021%29.xlsx