#Budget2023: Voluntary EPF Contribution Cap Increased To RM100,000

It's currently at RM60,000 a year.

By | 07 Oct 2022, 09:07 AM

Enlarge text
Cover ImageCover image via Malaysiakini

Follow us on Instagram, TikTok, and Telegram for the latest stories and breaking news.

Voluntary Employees Provident Fund (EPF) contribution will be increased to RM100,000 a year, Finance Minister Datuk Seri Tengku Zafrul Abdul Aziz announced while tabling the #Budget2023

Tengku Zafrul said that the move is necessary to help Malaysians with their retirement savings.

It's currently at RM60,000 a year.

Stay tuned for our overview of #Budget2023!

Image via SAYS

Read more #Budget2023 stories on SAYS:

 
#Budget2023: RM8 Million Allocated To Help Domestic Violence Victims

'Gender focal teams' will also be introduced to every ministry and government agency to combat all forms of sexual harassment.

Read the full story
 
#Budget2023: A 6-Year Tax Exemption For Women Returning To The Workforce

The tax exemption is for 2023 to 2028.

Read the full story
 
#Budget2023: Malaysian Taxpayers Will See A 2% Decrease In Income Tax

The 2% decrease will apply to those earning between RM50,001 and RM100,000 per annum.

Read the full story
Read more trending stories on SAYS
Anwar Tells Malaysians To Brace For Price Hikes As Global Oil Crisis Drives Up Costs

The prime minister warned that the country is already in a "crisis" phase.

favicon-0Read the full story
China Tourist Offloaded From Malaysia Airlines Flight For Inappropriately Touching A Crew Member

He attempted to downplay the incident, claiming he only "lightly tapped her twice" and that it shouldn...

favicon-1Read the full story
Man Quits 5-Figure Oil & Gas Job And Starts Motorcycle Workshop

A friend once loaned him RM10,000 to turn his business around.

favicon-2Read the full story
41 Dead Cats Found In Subang Woman’s Apartment

Another 36 cats were rescued from the unit, many of them in critical condition.

favicon-3Read the full story
Boss Of Alcohol-Free Pub Convicted Of Drunk Driving After Found In Car Crash

The court imposed a one-year driving ban and a total fine of about RM2,885.

favicon-4Read the full story

You may be interested in: