288,000 EPF members register to contribute above the statutory 11pc employee rate, says deputy finance minister
Deputy Finance Minister Lim Hui Ying noted that contributors can increase their savings through voluntary contributions, subject to an annual contribution limit of RM100,000 per year starting from June 1, 2023. She was responding to a supplementary question from Roderick Wong Siew Lead regarding the initiatives taken by EPF to help contributors increase their retirement savings.
“The government, through the iSaraan programme, has provided matching contributions of up to RM500 per year. This incentive is subject to a maximum entitlement of RM5,000 for a lifetime for an individual,” said Lim.
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