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Payroll FAQ: Has the Employee EPF rate reverted from 9% to 11%?

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.

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