Securing Retirement With Voluntary Contribution
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 (Online transfer)
- Maybank
- Public Bank
- RHB Bank
- Bank Muamalat
- CIMB Bank
- Bank Islam
Bank Agent Counters (Cash/cheque)
- BSN
- Maybank
- Public Bank
- Bank Agent (EB) BSN
EPF Counters
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).
Source from: https://www.kwsp.gov.my/member/contribution/i-saraan
