11---
22sidebar_position : 1
3- title : EPF
4- description : A brief explanation of Employees' Provident Funds ( EPF)
5- slug : /miscellaneous/epf
3+ title : Overview
4+ description : EPF Overview
5+ slug : /miscellaneous/epf/overview
66tags : ["SQL Payroll", "EPF"]
77---
88
9- ## WHAT IS EPF (KWSP)?
9+ ## What is EPF (KWSP)?
1010
1111- A portion of an employee’s salary and employer’s contribution on behalf of every worker.
1212- Every company is required to contribute EPF to their staff
1313- Contribution has to be made to KWSP before the 15th day of every month.
1414
1515## What Payments Are Subjected to EPF (KWSP)?
1616
17- ![ payments] ( ../../static/img/miscellaneous/epf/payments.png )
17+ ![ payments] ( ../../../ static/img/miscellaneous/epf/payments.png )
1818
1919## EPF Contribution Rate
2020
21- ![ contribution-rate-1] ( ../../static/img/miscellaneous/epf/contribution-rate-1.png )
21+ ![ contribution-rate-1] ( ../../../ static/img/miscellaneous/epf/contribution-rate-1.png )
2222
23- ![ contribution-rate-2] ( ../../static/img/miscellaneous/epf/contribution-rate-2.png )
23+ ![ contribution-rate-2] ( ../../../ static/img/miscellaneous/epf/contribution-rate-2.png )
2424
2525## Frequently Asked Questions (FAQs)
2626
@@ -43,8 +43,10 @@ You can set the EPF rate at 19% for employees In the management level. The emplo
4343
4444- If employee is above 60 years old, the employee’s EPF contribution rate will be 0% while the employer’s contribution will be 4%
4545
46- ![ over-60] ( ../../static/img/miscellaneous/epf/over-60.png )
47-
4846### Are employees above the age of 75 required to contribute for EPF?
4947
5048- No. No contributions are required from both parties.
49+
50+ ### Are EPF members required to withdraw all funds after age of 75?
51+
52+ - No. EPF members will continue to earn dividends for the remaining portion of their EPF savings up to age 100.
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