Malaysians Working Abroad Can Contribute To EPF

Malaysians Working Abroad Can Contribute To EPF

Malaysian working abroad can make contributions to the Employees Provident Fund (EPF) through the 1Malaysia Retirement Savings Scheme (SP1M), reports Bernama.

Those below 55 years old could register as EPF members and make savings until they reach retirement age, said EPF.

“The SP1M was introduced to encourage the self-employed and those without fixed income to contribute voluntarily based on their capability. This includes Malaysians working abroad,” said an EPF representative.

EPF members can make contributions of between RM50 and RM60,000 a year at any time according to their ability and will receive annual dividends based on current rate, just like other contributors.

Those interested can register at the EPF office by filling out a special form, and payment can be made at the counter or via agents such as Maybank, Public Bank, RHB Bank, Bank Simpanan Nasional, and also online at Maybank or Public Bank.

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