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I freeze myself at 28yo~!

5.8% EPF for last year!

Posted by admin on Jan-22-2008

The government has declared 5.8% for Employees Provident Fund (EPF) for last year. Everyone of Malaysian needs to contribute at least 11% of their current salary into their EPF account, whereas the employers need to cover another 12% of it.

Below are the summary of the EPF rates for the passed few years:

2001:5.00%
2002:4.25%
2003:4.50%
2004:4.75%
2005:5.00%
2006:5.15%
2007:5.80%

Apparently, the last year’s pay out is the highest among this few years! But my employer didn pay the EPF for us! This is so sick!!

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