Updated: Jan 12
EPF Contribution Rate | 公积金缴费率
EPF stands for Employees Provident Fund and is also commonly known as KWSP or Kumpulan Wang Simpanan Pekerja in Malaysia.
The EPF is a retirement savings fund that ensures members' retirement well-being.
EPF是雇员公积金的缩写，在马来西亚通常也被称为 KWSP 或Kumpulan Wang Simpanan Pekerja。
Bonus Pay: What Is It? | 花红：什么来的？
Bonus pay is additional money provided to an employee on top of their normal wages; it is used by many companies as a thank you to individuals or a team that achieves critical goals.
When a company rewards employees based on their performance, it may inspire employees to achieve their goals, which in turn assists the company in achieving its objectives.
Bonus is subject to EPF contribution | 花红是需要缴纳公积金的
You should be aware that the Bonus is required to contribute to EPF.
From the table above, you can see that:
Suppose the employee's monthly salary is RM5,000 and below. In that case, the employer contribution rate will be automatically established at 13% if the employee is under 60 years old or at 6.5% if the employee is 60 and above.
Suppose the employee's monthly salary is More than RM5,000. In that case, the employer contribution rate will be automatically established at 12% if the employee is under 60 years old or at 6% if the employee is 60 and above.
What if when Salary + Bonus > RM5,000 | 如果当薪水 + 花红 > 5000令吉时，怎么办？
So, assuming the employee's total remuneration exceeds RM5,000 after the bonus is paid, for example:
Salary = RM4,000
Bonus = RM2,000
Total Remuneration for Jan 2023: RM6,000
Which of these two contribution rates will be used by the employer:
工资 = 4,000令吉
花红 = 2,000令吉
2023年1月的总薪酬 = 6,000令吉
The answer | 答案
Remember this mnemonic; it's easy to remember - it depends on the original amount of salary.
In this case, since the salary is RM4,000; therefore, the contribution rate for the employers is 13%/6.5% (depending on the employee's age).
记住这个记口诀；它很容易记住 -- 它取决于原本工资的数额。
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