{"id":63061,"date":"2024-04-23T21:48:04","date_gmt":"2024-04-23T13:48:04","guid":{"rendered":"https:\/\/www.imoney.my\/articles\/?p=63061"},"modified":"2024-04-24T15:01:20","modified_gmt":"2024-04-24T07:01:20","slug":"what-to-do-empty-epf-socso-account-guide","status":"publish","type":"post","link":"https:\/\/www.imoney.my\/articles\/what-to-do-empty-epf-socso-account-guide","title":{"rendered":"What To Do When Your Boss Doesn\u2019t Pay Your EPF"},"content":{"rendered":"

Picture this: you\u2019ve been working at your job for a good few months, with no problems whatsoever. Then, on a random day, you decide to check out your EPF balance. That is when you find out the amount hasn’t increased since you started your new job. <\/span><\/p>\n

If it’s your first job and your EPF account empty, this means your employer hasn\u2019t been contributing to your EPF all this while. At the same time, you should also check that your Socso contribution is up to date. We will explain more on this below.<\/span><\/p>\n

What\u2019s your next step? If you don\u2019t know what you should do in this situation, read on.<\/span><\/p>\n

<\/span>The importance of EPF and Socso<\/span><\/h2>\n

If you\u2019re in your first job and you\u2019ve never understood the importance of EPF and Socso deductions in your pay, let us break it down for you.<\/span><\/p>\n

EPF<\/b><\/h3>\n

EPF stands for the Employees Provident Fund. This fund is designed to provide social security and act as a retirement fund for private and non-pensionable employees.<\/span><\/p>\n

Meaning, your EPF money will be the money you will fall back to when you retire. Your EPF can also be withdrawn when you need extra funds for some pursuits, such as buying a house or furthering your education. (The recently introduced <\/span>EPF account 3<\/span><\/a> allows for withdrawals at any time, for any purpose).<\/span><\/p>\n

Socso<\/b><\/h3>\n

If that\u2019s EPF, then what\u2019s the purpose of the other deduction in your account, Socso? Socso stands for Social Security Organisation (SOCSO), also known as PERKESO (Pertubuhan Keselamatan.<\/span><\/p>\n

The purpose of Socso is to provide a social security net for workers through their many schemes. The main purpose is to protect employees against accidents and occupational disease during the employment period. This also extends to invalidity and death. More recently, it now provides unemployment benefits if you lose your job or help support you if you get injured on the job.<\/span><\/p>\n

Quick tip<\/div>
Socso provides employees with the Employment Insurance Scheme (EIS), which will provide workers with replacement income in case they lose their source of income. <\/div><\/div><\/span><\/p>\n

Read More:
\nWhat Is Socso?<\/a>
\nHow Much Can You Claim From EIS If You Lose Your Job?<\/a><\/p>\n

<\/span>EPF and Socso deductions are compulsory<\/b><\/span><\/h2>\n

According to <\/span>Section 43(1) of the EPF Act 1991<\/span><\/a>, \u201cEvery employee and every employer of a person who is an employee within the meaning of this Act shall be liable to pay monthly contributions on the amount of wages at the rate respectively set out in the Third Schedule,\u201d.<\/span><\/p>\n

Meaning, it is compulsory for your employer to deduct your salary for EPF and Socso contributions, while also making their own contribution towards your EPF funds.<\/span><\/p>\n

<\/span>How do I check if my employers have been making deductions?<\/b><\/span><\/h2>\n

Some really unscrupulous employers might stoop to making fake deductions on your payslip, meaning the payslip says that they\u2019ve been making all the necessary deductions, but the money doesn\u2019t go to your EPF account.<\/span><\/p>\n

So how do you check to make sure that your employer has been making the right deductions and contributing to your EPF account?<\/span><\/p>\n

Here are three ways;<\/span><\/p>\n

1. Through the EPF website<\/strong><\/p>\n

First thing you can do is go to the <\/span>EPF website<\/span><\/a> and login to your account. There, it will show the balance of both your account 1 and 2.<\/span><\/p>\n

2. Using the KWSP i-Akaun app<\/strong><\/p>\n

Another way you can check your EPF account is by using the EPF i-Akaun app. You can find the download link <\/span>here<\/span><\/a> for the Apple App store, and <\/span>here<\/span><\/a> for the Google Play Store, and from there all you have to do is login.<\/span><\/p>\n

3. Using an EPF Self Service Terminal (SST)<\/strong><\/p>\n

And finally, you can also use an EPF SST to check your account balance and history. You can check for locations of EPF offices and SSTs near you <\/span>here<\/span><\/a>.<\/span><\/p>\n

<\/span>How to report your employers for not making EPF\/Socso contributions\/deductions<\/b><\/span><\/h2>\n

In this situation, the best thing you can do is to lodge a report against your employer with the EPF. The most complete option is to physically visit an EPF office to file a formal complaint.<\/span><\/p>\n

All you need to do is follow these steps.<\/span><\/p>\n

Step 1: Find the location of <\/span>an EPF office<\/span><\/a> near you.<\/span><\/p>\n

Step 2: Bring the documents listed down here to the EPF office.<\/span><\/p>\n