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).