Extension of EPF Contribution Rate Period for Employees

Greetings from Visual Solutions (M) Sdn Bhd. In regards to Government’s announcement on the budget 2022 for the statutory contribution rate for employees. The Employees Provident Fund (EPF) had announced that the employee’s share of the statutory contribution rate of 9% will be extended up to 202206 for those below 60 years old.
 
Employees may choose to maintain the employee contribution rate at 9 percent until June 2022.
  
You may refer to the below link for the announcement by KWSP.
https://www.kwsp.gov.my/en/-/epf-supports-budget-2022-measures-to-spur-the-economy-and-build-resilience-key-to-rebuilding-retirement-savings
 
Please download the EPF guideline to edit the EPF table from the link provided below.
 
For HRMSv4 Users
https://www.dropbox.com/s/i8taazi5gfubxzr/EPF%20Changes%202022_HRMSv4.pdf?dl=0
 
For HRMSv7 Users
https://www.dropbox.com/s/5jopuwq4ufw50ft/EPF%20Changes%202022_HRMSv7.pdf?dl=0
  
For further information or if you have any questions, please do not hesitate to contact us.


Best Regards,
VISUAL SOLUTIONS (M) SDN BHD
Customer Service Department