KWSP - EPF Voluntary Contribution

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 60 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 60 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 (Kasih Suri Keluarga Malaysia KWSP) 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 (Online transfer)	Bank Agent Counters (Cash/cheque)	Registered Bank Agent	EPF Counters
MBSB Bank* MAYBANK (M2u) RHB Bank* PUBLIC BANK Bank Muamalat Alliance Bank* Hong Leong Bank* Bank Islam* Cimb Bank *Recurring payments are available.	BSN Maybank Public Bank RHB Bank *Cash and cheques are not accepted. Only the use of payment via Debit Card and Debit Transfer is accepted.	Bank Agent (EB) BSN	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, Kasih Suri Keluarga Malaysia KWSP, Top-up Savings Contribution – effective January 2013)