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Contributing More Than The Statutory Rate

You or your employer, or both, may contribute at a rate exceeding the statutory rate through the following options:

  • If only you opt to contribute at a rate exceeding the statutory rate, you may submit a notice of election to contribute at a rate exceeding the statutory rate using Form KWSP 17A (AHL).
  • If only your employer opts to contribute at a rate exceeding the statutory rate, your employer may submit a notice of election to contribute at a rate exceeding the statutory rate using Form KWSP 17 (MAJ).
  • If both you and your employer opt to contribute at a rate exceeding the statutory rate, you and your employer may submit a notice of election to contribute at a rate exceeding the statutory rate using Form KWSP 17A (AHL) and Form KWSP 17 (MAJ) respectively.

This rate will be the new statutory rate and shall remain so until you and/or your employer submit a notice of cancellation using Form KWSP 18A (AHL) and Form KWSP 18 (MAJ) respectively. Upon receipt of the notification, the rate of contribution will be reverted to the current statutory rate.