For Simpanan Konvensional, the government guarantees a minimum paid dividend rate of 2.50%. Nevertheless, the actual dividend rates for Simpanan Konvensional will be based on actual performance of the EPF's conventional investments. For Simpanan Shariah, the dividend rates will be based on actual performance of the EPF's shariah-compliant investments.
Check Your EPF Statement
You can view your EPF statement via:

EPF Dividend Rate

Year 

2022

5.35%

Simpanan 
Konvensional

4.75%

Simpanan 
Shariah

Check Your EPF Statement

You can check dividen in your EPF Statement via:

Our Past Dividend Rates

Year Simpanan Konvensional (Per Annum) Simpanan Shariah (Per Annum)

Frequently Asked Question

Dividend Declaration & Statement 

Dividend-Declaration & Statement Accordion

Is the dividend rate for Simpanan Shariah and Simpanan Konvensional the same?

back chevron

For all the contributions, the Government guarantees a minimum paid dividend rate of 2.50% for Simpanan Konvensional.

As for Simpanan Shariah, the dividend rates will be based on the actual performance of syariah compliant investments managed and invested by the EPF. The past dividend rates for Simpanan Shariah and Simpanan Konvensional are shown in the table below:
 

Year Simpanan Shariah (Annually) [%] Simpanan Konvensional (Annually) [%]
2022

4.75

5.35

2021

5.65

6.10

2020

4.90

5.20

2019

5.00

5.45

2018

5.90

6.15

2017

6.40

6.90

2016

-

5.70

 


Why is there a difference in the dividend rates between Simpanan Konvensional and Simpanan Shariah?

back chevron

The dividend rates for Simpanan Shariah and Simpanan Konvensional reflect the actual investments performance of the respective funds. Although Simpanan Shariah and Simpanan Konvensional receive income from Shariah assets according to their respective portions, Simpanan Konvensional may also enjoy income from investments in non-Shariah assets. Further information can be obtained through the FAQ on the EPF Website: https://www.kwsp.gov.my/member/overview/benefits


Is it permissible for members who have switched to Simpanan Shariah to cancel the registration and revert back to Simpanan Konvensional?

back chevron

Members who have switched to Simpanan Shariah are not permitted to revert back to Simpanan Konvensional once it has taken effect. However, it is permissible to do so before the effective date.

CANCELLATION OF SIMPANAN SHARIAH EFFECTIVE DATE OF SIMPANAN SHARIAH
(i)    Members who wish to cancel Simpanan Shariah registration may do so at any EPF Office, bringing along their MyKad (for Malaysian citizens) or Passport (for non-Malaysian). 
(ii)    Cancellation is not permissible after the effective date of the account.
 
(i)    Members will be notified on the effective date of the Simpanan Shariah account upon registration.
(ii)    Effective date is on 1 January of the following year after registration has been made; subject to the EPF’s annual allocation of syariah funds, or any other terms issued by the EPF Board.
(iii)    Members who fail to obtain effective date due to insufficient fund or registration after the annual deadline will have to wait for the next allocation of syariah fund. 

 

Further information on Simpanan Shariah can be obtained through the EPF website here:

  1. https://www.kwsp.gov.my/ms/member/simpanan-shariah

Dividend Crediting

Dividend-Dividend Calculation

How is the 2023 Annual Dividend calculated?

back chevron

The dividend is calculated based on Modified Aggregate Daily Balance. Contributions for a particular month will be eligible for dividend based on the last day of the contribution month until 31 December 2023.


The following is an example of Annual Dividend calculation based on aggregate Balance, assuming the dividend rate is 5%:


Dividend Payment Concept

Dividend-Dividend Payment Concept Accordion

How is the dividend paid to members who have made withdrawals in 2023?

back chevron

(a) For members who have made pre-retirement withdrawals in 2023 (such as Housing, Age 50, Education, Health, Hajj, Member Investment and Withdrawals in Excess of RM1 Million):
(i)    The dividend on the amount withdrawn will be credited into the members’ EPF account after the crediting of 2023 dividend.


(b) For members who have made Age 55/60 Withdrawal (Combination Option):
(i)     For members who have made Age 55/60 Withdrawals and opted for partial payments, the dividend on the amount withdrawn is as indicated in (1)(a)(i).
(ii)    For members who have made Age 55/60 Withdrawals and opted for monthly payments, the dividend on the amount withdrawn will be credited into the member’s bank account after the crediting of 2023 dividend. 
 


How is the dividend calculated for FULL Withdrawal (Age 55/60, Incapacitation and Death) before the crediting of the 2023 Annual Dividend? Are members eligible for the 2023 Annual Dividend?

back chevron

Dividend is calculated based on two different periods as outlined in (a) and (b) below:
(a)    Withdrawal payment has been made after the crediting of dividend year 2022 until 31 December 2023  
        Members who made withdrawals during this period will be paid the full dividend based on 2022 dividend rate and payment is final.


(b)    Withdrawal payment BEFORE the 2023 Annual Dividend is credited (1 January 2024 until the date before the crediting of 2023 dividend) 
(i)    An interim dividend of 2.50% will be paid together with the withdrawal payment for members who made withdrawals from 1 January 2024 up until the crediting date of the 2023 Annual Dividend. 
(ii)   The remaining dividend balance (difference between interim dividend and actual dividend rate) will be paid within one week after the crediting of 2023 dividend. 


Are members who have applied for FULL Withdrawal (Pensionable Employees Withdrawal (SPPB) and Optional Retirement Withdrawal (SPP)) before the dividend crediting in 2023 eligible for the dividend 2023?

back chevron

Dividend is calculated based on two different periods as outlined in (a) and (b) below:
(a)    Withdrawal payment made after the crediting of dividend year 2022 until 31 December 2023  
        Members who made withdrawals during this period will be paid the full dividend based on 2022 dividend rate and payment is final.


(b)    Withdrawal payment BEFORE the 2023 Annual Dividend is credited (1 January 2024 until the date before the crediting of 2023 dividend) 

(i)    An interim dividend of 2.50% will be paid (together with the withdrawal payment).

(ii)   The remaining dividend balance (difference between interim dividend and actual dividend rate) will be paid within one week after the crediting of 2023.

(iii)  The remaining dividend balance (supplementary dividend) of SPPB/SPP Withdrawal will be paid into the member’s bank account and/or Kumpulan Wang Persaraan (Diperbadankan), or KWAP, without the need for them to reapply.
 


How is the dividend calculated for FULL Withdrawal (Leaving the Country) before the crediting of 2023 Annual Dividend?

back chevron

Members who have made Leaving Country Withdrawals before the crediting of 2023 Annual Dividend will be paid the full dividend based on the last dividend rate declared, and the dividend payment is final.


Are Voluntary Contributions, Late Payment Charges, CTML Clearance and Member Accounting Rejects eligible for dividend?

back chevron

Yes, all contributions stated are eligible for dividend based on the contribution month and members will not lose any dividends for all transactions stated above.

Example No. 1:  Self contribution payment was made on 15 December 2023 and credited to the account only on 4 January 2024. Members are eligible for dividend from the effective date of 31 December 2023.
Example No. 2: Employers have made the payment for Late Contribution or Overdue Contribution for due month of April 2022 on 15 December 2023. Members are eligible for the dividend from the effective date of 30 April 2022. 
Example No. 3: Employers have made the contribution payment for due month of February 2023, but could not be credited into the members account, thus resulting a CTML. The CTML Clearance was made in January 2024. Members are eligible for the dividend from the effective date of 28 February 2023. 
Example No. 4: Members have made a Voluntary Contribution for the due month of March 2023, but failed to be credited into members account and was credited into Members Reject account instead. Reject clearance was made in January 2024. Members are eligible for the dividend from the effective date of 31 March 2023.

 


How is the concept of divided calculation for members who have made FSA2 Withdrawal?

back chevron

For members who have made FSA2 Withdrawal, the requested amount will be transferred into Account 11. Dividends will be paid based on the balance in Account 11 according to the declared dividend rate, and the dividend payment is conclusive. There is a difference in display for Member Statement as follows:


Member Statement For Internal Use : The amount of FSA2 that has been applied and transferred into Account 11 will be displayed in the member Statement For Internal Use and Sub Account 11 Statement.


Member Statement For External : The amount of FSA2 applied will remain in Account 2 as stated in the Note section on the Member Statement, and any eligible dividend for FSA2 Withdrawal will be reflected in the total dividend of Account 2.
 


Does the EPF pay zakat every year? Does the EPF dividend credited into the member’ account take into account the EPF zakat payment?

back chevron

i. The EPF does not issue business zakat or pay zakat on EPF savings on behalf of members because all EPF investments are made using EPF members' savings that have not become fully owned by members, which is one of the mandatory conditions for issuing zakat.


ii. EPF dividends credited into members' accounts do not take into account any zakat payments. Muslim members are responsible to pay zakat on their EPF savings that are eligible to be withdrawn and used without any restriction, that is having complete ownership (Milkut Tam) at the rate of 2.5%, subject to Nisab (the minimum amount equivalent to the prevailing value of 85 grams of gold) as determined by the relevant states’ Zakat authority.


iii.    Types of withdrawal that are subject to zakat are:- 

a.   Age 50 Years Withdrawal;
b.   Age 55 Years Withdrawal;
c.   Age 60 Years Withdrawal;
d.   Leaving Country Withdrawal; 
e.   Pensionable Employees Withdrawal And Optional Retirement Withdrawal; and
f.    Withdrawal Of Savings Of More Than RM1 Million.

 

Members are also advised to refer to the respective states’ Zakat authorities.


Purification of Dividend for Muslim Members

Dividend- Crediting

How can members access their 2023 Member Statement?

back chevron

The 2023 Member Statement can be accessed via i-Akaun (Member) either in web version or mobile app, Self Service Terminals (SST) and counters at EPF Offices. The list of EPF Offices and SST can be obtained at https://www.kwsp.gov.my/corporate/connect-with-us

Members are encouraged to download their 2023 Member Statement online via i-Akaun (Member). References for the i-Akaun registration guide can be obtained at https://www.kwsp.gov.my/documents/d/guest/e-kyc-via-kwsp-i-akaun_v6


When can members check their 2023 dividend amount?

back chevron

Members can check the 2023 dividend amount in their 2023 Member Statement after the dividend declaration by the EPF.


Can the 2024 Member Statement be printed before the 2023 dividend is credited into the account?

back chevron

Yes, the 2024 Member Statement can be printed, however, the 2024 Opening Balance does not take into account the 2023 Dividend amount as it has yet to be declared. 


The 2024 Member Statement can be obtained via i-Akaun (Member) either in web version or mobile app, Self Service Terminals (SST) and counters at EPF Offices. The list of EPF Offices and SST can be obtained on the EPF website via https://www.kwsp.gov.my/corporate/connect-with-us

 

Members are encouraged to download their 2024 Member Statement via i-Akaun (Member). Registration guidelines are available on the EPF website via https://www.kwsp.gov.my/documents/d/guest/e-kyc-via-kwsp-i-akaun_v6


How can members residing overseas obtain their Member Statement?

back chevron

Members residing overseas can obtain their Member Statement by logging in to their i-Akaun (Member) via web version or mobile app. 

If the member is unable to do so, they may obtain their Member Statement by contacting the EPF Contact Management Centre at +603-89226000 or by submitting a request through https://www.kwsp.gov.my/corporate/connect-with-us


Year

Simpanan Shariah 
(Per Annum)

Simpanan Konvensional 
(Per Annum)