Thursday, 25 April 2024

EPF & SOCSO

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...

Members of the Employees Provident Fund (EPF) earning a monthly wage of not exceeding RM5,000 will be receiving a boost in their retirement savings when the revised employers’ statutory contribution rate of 13 percent...

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...

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...

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...

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...

The Employees Provident Fund (EPF) earns RM6.53 billion investment income in Q1 2011, a quarter-on-quarter growth of 19.76 per cent or RM1.08 billion compared to the corresponding quarter in 2010. The significant increase was...

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...
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...
PROMOTION: You can register New Company (Sdn Bhd) for just RM980 only! Call 03-7729 7018 or Click here find out!