Budget 2023: EPF voluntary contribution limit increases to RM100,000 annually

PETALING JAYA: The Finance Minister announced that the EPF voluntary contribution limit will be increased to RM100,000 per year annually compared with RM60,000 previously.

In tabling Budget 2023, Tengku Datuk Seri Zafrul Tengku Abdul Aziz said this would help to increase people’s retirement savings.

Themed “Keluarga Malaysia, Prospering Together”, Budget 2023 involves an allocation of RM372.3bil and will be driven by the 3R agenda - Responsive, Responsible and Reformist.