Employees Provident Fund (EPF)

Several measures have been taken by the EPF to help the employers and employees alleviate the economic impact of the COVID-19 outbreak. The measures are listed as follows:

1. Reduction in the minimum employees EPF contribution by 4% from 11% to 7% for the period of 1 April to 31 December 2020;
2. Extension of due date for payment of April 2020 contribution (March 2020 salary) to 30 April 2020.
3. Introduction of EPF i-Lestari withdrawal scheme. A maximum withdrawal of RM500 per month for a period of 12 months (starting from April 2020 until March 2021).
4. Introduction of Employer COVID-19 Assistance Program to SME employers

Please find below the relevant links for further details:

• Reduction of statutory contribution rate for employees -
  Source: https://www.kwsp.gov.my/-/reduction-of-statutory-contribution-rate-for-employees

• Contribution payment date further extended to 30 April 2020 -
  Source: https://www.kwsp.gov.my/-/april-2020-contribution-payment-date-further-extended-to-30-april

• Withdrawal of EPF account 2 under i-Lestari Scheme -
  Source: https://www.kwsp.gov.my/-/epf-to-allow-account-2-withdrawals-under-i-lestari

• FAQ on i-Lestari - 
  Source: https://www.kwsp.gov.my/faq-i-lestari#Basic

• FAQ on Employer COVID-19 Assistance Programme (e-CAP) to SMEs -
  Source: https://www.kwsp.gov.my/en/ecap-faq