Increase contribution rate EPF of 11% for 2021

In 2021, the EPF rate is set as 9% for every employee. For employees aged older than 60 years old, the contribution rate remains the same. However, you can choose to increase the rate of the contribution to 11%.

To increase the contribution rate, you will need to inform the admin of the changes for them to proceed accordingly with KWSP.

Below are the steps to follow:

Step 1 - Please inform the admin of the increment of EPF rates you wish to make

Step 2 - Provide your details to the admin

Step 3 - Admin of the company will gather all information from each employee

Step 4 - Admin will then process it to KWSP employer account on the update