“Of the 255,000 who registered for the i-Saraan scheme, only 18% are contributing to the EPF consistently.
“This is quite unfortunate because the scheme has been designed to provide some sort of social security coverage for the self-employed or those in the informal sector,” he told reporters after visiting the state EPF office here yesterday.
In June, the government had through its National Economic Revival Plan (Penjana) announced a RM50mil matching grant for gig economy workers who wished to contribute to EPF’s i-Saraan and Socso’s Employment Injury Scheme.Under the voluntary scheme of i-Saraan, the self-employed will receive an additional special government incentive of 15%, subject to a maximum of RM250 annually.
They can contribute a minimum of RM1 a month or a maximum of RM60,000 per annum.
The special incentive is being given out from 2018 until 2022.
Shahar said those self-employed should sign up for the scheme as it would benefit them.
“Those who sign up will get the incentive from the government, which is above and beyond the benefits provided by the EPF such as an annual dividend.
“So those who do not have a fixed income every month should also sign up as this will certainly benefit them as well,” he said, adding that housewives were also eligible for i-Saraan.
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