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.

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Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

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Budget 2023 , EPF , Tengku Zafrul

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