EPF & SOCSO
EPF contribution by sole proprietors and partnership
Some owners/partners under the sole-proprietorship and partnership may drawn salaries and allowances for themselves as well as make contributions to Employees Provident Fund (EPF) for their own accounts.
Is EPF contribution compulsory?
By virtue of the...
Withdraw all your EPF at age 55 while still working until 60?
Now you can withdraw all your EPF at age 55 while you are still working with someone else if you choose to retire at later years, say at age 60!
However, you may voluntarily choose...
SOCSO: Contribute For Your Workers Now or Get Fine Later
The district’s Social Security Organisation (Socso) has conducted checks on 50 companies in September and issued 23 compounds to employers who failed to register or contribute on behalf of their employers to Socso.
Kluang Socso...
Tax Budget 2012: Higher EPF Contribution from Employers
Budget 2012 has proposed that all employers are required to increase their EPF contribution from 12% to 13% for staff who are earning less than RM5,000 per month with effect from 1 January 2012.
The staff...
KWSP No Longer Provide ‘Form A’ To Companies With More Than 20 Staff
No more Form A will be issued by KWSP from 1 January 2015 for companies employing more than 20 staff.
Please read full content from the KWSP's announcement:
The Employees Provident Fund (EPF) today announced on...
Sosco to expand protection to spouses of business owners
KUALA LUMPUR: The Social Security Organisation (Socso) will expand its security protection to the spouses of business owners.
Socso in a statement today said, at present, the spouses of business owners are not covered under...
Pay your workers’ socso or get fine & jail
TAIPING: The Social Security Organisation (Socso) will be going after employers who have yet to register their workers under the organisation starting Aug 1.
Human Resources Minister M. Kulasegaran said until December last year, a...
Flood Victims Can Now Withdraw EPF to Renovate or Rebuild Their Houses
KWSP members whose houses were destroyed by the recent devastating floods at East Coast Areas are allowed to withdraw from their Account 2 savings to renovate or rebuild their houses.
Full contents of announcement from KWSP below:
Following the...
SOCSO: RM720 Million paid for those involved in accidents
A total of RM720 million has been paid by the Social Security Organisations (Socso) to its contributors involved in commuting accidents from January last year until June this year.
Human Resource minister Datuk Seri Dr...
SOCSO paid RM1.8 billion compensation and benefits in 2011
SOCSO paid nearly RM1.8 billion in compensation and benefits to its members and contributors in 2011.
"The total is increasing each year, from RM1.3 billion in 2009 to RM1.6 billion in 2010. Payments cover cost...
