Who Can Option to Contribute?
A) Domestic Helpers
- Working in a residential home and employed by a private individual
- Form KWSP 16 submitted to the EPF with a copy to the employer
(B) Foreign Citizens
- Who are employed and whose country of domicile is outside Malaysia and who enter and stay in Malaysia temporarily under provisions of any written laws relating to immigration
- Form KWSP 16B submitted to the EPF with a copy to the employer
Contribute More Than The Statutory Rate (Voluntary Excess)
- The employer or the employee, or both, may choose to contribute more than the stipulated rates
- The contribution must be paid rounded to the nearest ringgit and may not be backdated
- The last rate that you opt for will be your new contribution rate and will remain as so until you and/or your employer submits a cancellation notice
Document Required
- Option for Voluntary Excess
- Revocation of Voluntary Excess
EXAMPLE
Employer opting to pay a contribution of 6% above the rate set for the employer’s share
EXAMPLE
Employee opting to contribute 5% more than the employee’s share
Source from: https://www.kwsp.gov.my/employer/contribution/all-about-your-responsibility#VoluntaryContribution
