i-SARAAN

Securing Retirement with Voluntary Contribution

The best way to save for your future

Last updated : 19 Feb 2020    

Voluntary Contribution with Retirement Incentive (i-Saraan) allows our members who are self-employed and do not earn a regular income to make voluntary contributions towards your retirement, and at the same time receive additional contribution from the government.

Retirement Incentive (i-Saraan)

As a member under this incentive, you will receive a 15% government contribution (a maximum of RM250/year [Effective 1 Jan 2018]) on top of your own contributions.

*Not applicable to members that receive a fixed employer contribution.
*Government contribution is limited to members who are below age 55.

Benefits

• Retirement avenue for those who are self-employed or do not earn a regular income

• Contribute according to your own time and within your own financial ability and still be able to make withdrawals

• Earn annual EPF dividend on your retirement savings

• Receive additional special incentive of 15% subject to a maximum of RM250 annually for members aged below 55 years old. The special incentive will be given from year 2018 until 2022.

• Death Benefit: RM2,500
  * subject to EPF terms and conditions

 

Who Can Apply

Requirements

Malaysian Citizen

Self-employed individuals

Who derive income from own work and are not an employee

Registered EPF Member

Below 55 years of age

Opted to contribute under i-Saraan

Submitted Form KWSP 16G(M)

Important Reminder: Housewives are only allowed to opt for one (1) incentive at a time. If you have registered for Insentif Suri (i-Suri) earlier, you would need to cancel it before reapplying for i-Saraan. However this is depending on your eligibility.

Payment Methods and Channels

Internet Banking	Bank Agent Counters	EPF Counters
Online transfer Maybank Public Bank RHB Bank Bank Muamalat	Cash/cheque BSN Maybank Public Bank RHB Bank	Cash (RM500 maximum) / cheque at all EPF counters in state capital including KWSP Muar

Payment Limit

Minimum (RM only)

No limit

Maximum (RM only)

RM60,000 yearly for all Voluntary Contribution
(Self Contribution, i-Saraan, i-Suri, Top-up Savings Contribution – effective January 2013)

What You Need

• MyKad

• i-Saraan Form - KWSP 16G (M) (Only for first time registration)

• i-Saraan Form - KWSP 6A (2) (During payment)

• Payment in cash and cheque or through internet banking (form not required).

Download KWSP 16G (M)

Download KWSP 6A (2)

DOWNLOAD i-SARAAN BROCHURE

•   FAQ