Epf Basic Savings Table 2017

It is a table working backwards from age 55 where they have recommended that a person s retirement fund i e acct 1 should be at least rm228 000 in order to support a monthly basic needs of rm950 at retirement and for 20 years.

Epf basic savings table 2017. The amount will be set as the minimum target epf basic savings members should have upon reaching age 55. The amount will be set as the minimum target epf savings members should have when they reach age 55 it said in a statement here today. New epf basic saving 2017 table abe jaq. Employee employer contribution is 12 each of basic salary da retain allowance.

The contribution by employer employee are payable on maximum wage ceiling of rs. 15000 p m are eligible for pf. Top recruiter contest 2017 dua kali champion top recruiter 2016 like facebook page. The employees provident fund epf has announced that the quantum for the basic savings will be revised from rm196 800 to rm228 000 effective jan 1 2017.

Like facebook page add friend follow me on. Epf act applies to factories and establishments having 20 or more employees. The employees provident fund epf announces that the quantum for the basic savings will be revised from the current rm228 000 to rm240 000 effective 1 january 2019. Kumpulan wang simpanan pekerja kwsp hari ini mengumumkan bahawa kuantum baharu simpanan asas akan dinaikkan daripada rm228 000 kepada rm240 000 bermula 1 januari 2019 jumlah ini akan ditetapkan sebagai jumlah sasaran simpanan minimum ahli perlu ada apabila mencecah umur 55 tahun.

Kuantum baharu simpanan asas bermula januari 2019. New basic savings quantum begins january 2019. Huhu namun saya ingin berkongsi juga dengan anda sebagai tanda ingatan untuk diri saya dan anda semua. The chart given is the basic or minimum amount epf sets before you can participate in the epf mis.

Effective jan 1 2017 the eligible amount members will be allowed to invest under the epf mis has been increased to up to 30 in excess of their basic savings from account 1 from the current 20. Kuala lumpur 28 november 2018. The new quantum for the basic savings in epf account 1 will be revised from rm228 000 rm 950 per month for 20 years to rm240 000 rm1 000 per month for 20 years at member s age of 55 years old. All employees earning basic salary da retain allowance upto rs.

Kuala lumpur 28 november 2018. For 2019 the epf dividend rate was 5 45 for conventional and 5 00 for syariah savings for the conventional fund the rate is the lowest it has been since 2008 where the dividend was at 4 5. Chief epf officer alizakri alias cited a challenging 2019 as the primary reason for the dip in performance with both the global and domestic market taking hits from various fronts.