Employees' EPF statutory contribution rate lowered to 7% from April to December


  • Nation
  • Thursday, 05 Mar 2020

PETALING JAYA: From April, the statutory contribution rate for employee contributions will go down from 11% to 7%, says the Employees Provident Fund (EPF).

The new rate which, will be in effect until December, is in line with the Government's announcement on the 2020 Economic Stimulus Package 2020 on Feb 27.

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