EPF: Freelancers need to save for their retirement too


All ears: (from left) EPF chairman Tan Sri Samsudin Osman, CEO Datuk Shahril Ridza Ridzuan and Axiata Group Bhd director and EPF investment panel member David Lau Nai Pek at the International Social Security Conference 2017 in Kuala Lumpur. See page 3

 KUALA LUMPUR: For freelancers and online entrepreneurs, it’s never too soon to start saving for retirement.

This fastest-growing segment of the job market is left out of the formal social security coverage. To encourage the self-employed people to plan for their future, the Employees Provident Fund (EPF) is calling on the government to provide more incentives under the 1Malaysia Retirement Savings Scheme (SSP1M).

The Star Christmas Special Promo: Save 35% OFF Yearly. T&C applies.

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Business , EPF , savings , freelancers , retirement ,

Next In Business News

Maxis fully restores services affected by tower fire in Kuala Kangsar
U Mobile blocks over 265mil scam calls, SMS as of Dec 2025
Malaysia, US trade rises to RM325.2bil in 2024, driven by E&E exports
Bursa Malaysia easier at midday on profit-taking
Malaysia's PPI down 1.8% in Nov 2025
PNB Merdeka Ventures appoints Izwan Hasli Mohd Ibrahim as CEO
4Q auto sales to rise on EVs and new models
Oil gains as investors weigh Middle East tensions
BOJ debated need for more rate hikes even after December move, summary shows
Asian stocks rise, precious metals hit records on Fed rate cut bets

Others Also Read