Jadual Caruman KWSP 2024/2025 (EPF Contribution Schedule)

Every month, employers across Malaysia are required to submit EPF contributions before the 15th.

Missing this deadline can result in penalties.

With the latest jadual caruman KWSP 2024/2025, it’s important to understand the correct rates based on your employees’ salaries and age.

This article will walk you through the details you need to manage EPF accurately this year.

What is the Employees Provident Fund (KWSP/EPF)?

The Employees Provident Fund (KWSP) is a mandatory retirement savings scheme in Malaysia.

It was established to help employees build long-term savings through monthly contributions from both the employee and the employer.

EPF can be a way to contribute towards your team’s retirement well-being while complying with national labour laws.

Each month, a portion of your employees’ salaries is deducted, and your company contributes an additional share.

These funds are placed into the employee’s KWSP account and can be used during retirement or for approved withdrawals such as home purchases or education.

Under the EPF Act 1991 (Section 43), employers are legally required to contribute a set percentage of their employees’ monthly wages.

Missing deadlines or miscalculating these payments could result in fines or penalties.

That’s why understanding the latest KWSP contribution schedule is a must for every employer.

How to Calculate EPF/KWSP Contributions

For every employee under a contract of service, employers are required to calculate and pay both the employer and employee portions of KWSP contributions.

These rates are based on the employee’s monthly salary, age, and citizenship status. Let’s break it down in a simple way.

For most employees in Malaysia, the standard rates are:

11% of the employee’s monthly wage is deducted from their salary.
12% or 13% from the employer, paid on top of their salary.

If your employee earns RM5,000 or less, your contribution as an employer is 13%. If they earn more than RM5,000, the employer contribution is 12%.

Meanwhile, the employee still contributes 11%.

Here’s an example:

Employee earnings: RM4,000
- Employee contributes: 11% x RM4,000 = RM440
- Employer contributes: 13% x RM4,000 = RM520
- Total monthly contribution: RM960
Employee earnings: RM6,000
- Employee contributes: 11% x RM6,000 = RM660
- Employer contributes: 12% x RM6,000 = RM720
- Total monthly contribution: RM1,380

For employees aged 60 and above, the employee share drops to 0% for Malaysian citizens, while the employer contributes 4%.

Different rules apply for non-citizens and permanent residents, which we’ll cover in the next section.

Remember: contribution amounts must be rounded up to the nearest ringgit. You cannot submit payments with sen (decimal values).

Let’s now take a look at the contribution rates based on employee type.

EPF/KWSP Contribution Rates by Employee Status

EPF contribution rates are not one-size-fits-all. They differ depending on several factors such as the employee’s citizenship, age, and whether they are full-time or part-time.

Let’s walk through each category:

1. Malaysian Citizens and Permanent Residents (Below Age 60)

If their monthly wage is RM5,000 or less, you contribute 13%, and the employee contributes 11%.
If their monthly wage is more than RM5,000, your contribution is 12%, and the employee still contributes 11%.

This is the most common category and applies to most full-time employees.

2. Malaysian Citizens (Aged 60 and Above)

They are not required to contribute from their salary (employee rate is 0%).
However, employers must still contribute 4%, regardless of salary.

This reduced rate helps support continued employment among older workers while keeping contributions manageable for businesses.

3. Non-Citizens (Joined EPF Before 1 August 1998)

If they’re under 60 years old, they contribute 11%, and employers contribute 12%.
For those 60 and above, employees contribute 5.5%, and employers contribute 6%.

4. Non-Citizens (Joined EPF On or After 1 August 1998)

Employees contribute 11% (under 60) or 5.5% (60 and above).
Employers contribute RM5.00 flat per month, regardless of salary.

5. Part-Time Employees

The contribution rates follow the same structure as full-time staff, based on their wage level and age.

You must refer to Jadual Ketiga (Third Schedule) of the EPF Act to find the correct rate.

These differences make it essential for HR or payroll teams to refer to the official EPF schedule before processing salaries, especially for diverse teams that include part-time, older, or foreign workers.

6. Voluntary Contributors

Not all workers are automatically registered for EPF. For example, freelancers, gig workers, and business owners may not be tied to a formal employment contract.

However, they can still build their retirement savings by registering as voluntary contributors.

If you have informal or freelance talent you frequently engage with, it’s worth informing them that they can make their own EPF contributions.

They can register with KWSP and contribute according to their financial capacity using the i-Saraan scheme or the Voluntary Contribution option.

Latest Mandatory EPF Contribution Schedule (Jadual Caruman KWSP 2024/2025)

Source: KWSP

When is the EPF Contribution Due?

The payment deadline is on or before the 15th of the following month. This cycle continues monthly, and missing the deadline can have serious consequences.

For example, January's salary must be paid and submitted to KWSP by February 15. And so on

What Happens If You Miss the Deadline?

Late payments can lead to:

Interest charges on overdue contributions.
Penalty fines as stated under the law.
Legal action by EPF, especially for repeated or prolonged failure to pay.

How to Pay EPF/KWSP Contributions

All EPF payments must now be made online through the official KWSP platform, known as i-Akaun (Employer).

Through i-Akaun, you can:

Submit employee details and monthly contribution figures.
Generate the necessary payment forms.
Pay directly through FPX or designated banking partners.

Conclusion

One of your responsibilities is to keep up with the latest EPF contribution rules and the updated jadual caruman KWSP 2024.

Your role is to protect your employees’ future by contributing to their retirement savings accurately and on time.

Make sure you:

Use the correct contribution rates based on the employee’s salary, age, and citizenship status.
Refer to the latest EPF contribution schedule when calculating the exact amount.
Submit monthly contributions before the 15th of each month through i-Akaun (Employer).
Communicate clearly with your employees about their contributions and help them track their records.

Keeping things up to date will help build trust within your team and protect your business from unnecessary penalties. A strong retirement savings habit starts with the employer.

Let’s continue to do our part in supporting employee well-being, both in the present and in the future.

Frequently Asked Questions (FAQ)

What happens if I miss the EPF payment deadline?

If an employer fails to submit EPF contributions on time (by the 15th of the following month), late payment charges and dividends will be imposed by KWSP. This can also lead to legal action under the EPF Act 1991. It's important to process contributions punctually to avoid penalties.

Can I contribute more than the mandatory amount?

Yes. Both employers and employees can contribute more than the statutory rate. Employees can opt for voluntary contributions if they wish to increase their savings. Employers may also choose to contribute higher than the minimum, which is a good way to support staff retention and reward loyalty.

Is EPF contribution required for part-time or contract workers?

Yes, if part-time or contract workers are employed under a contract of service, they are considered eligible employees under the EPF Act and are subject to mandatory contributions, provided they meet the minimum wage threshold. The contribution structure will follow the same schedule as full-time employees.

Where can I get the official jadual caruman KWSP 2024?

You can download the latest jadual caruman KWSP 2024 directly from the official KWSP website. It includes the full table of salary ranges and exact contribution amounts for both employer and employee portions.

How to use i-Akaun to check the contribution history?

Employers can log into i-Akaun (Employer) via the KWSP portal to submit contributions and view records. Employees can also register for i-Akaun (Member) to check their monthly contributions, account balances, and transaction history at any time.

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