Question
Has the Employee EPF rate reverted from 11% to 9%?
Availability
| Payroll Plan: | Standard | Premium |
Answer
After June's payroll, under the law, the 9% minimum EPF contribution rate will end. Any pay run dates made on or after the 30th of June 20222 will then follow the standard 11% rate. Therefore, we automatically changed the 9% minimum EPF contribution rate for employees in the system with a pay date after June the 30th 2022.