Saturday, December 13, 2008

EPF deduction

Everyone has choice in EPF deduction. Beginning next month if you want to retain the current 11% contribution rate for your Employee Provident Fund (EPF) , you need to fill up Form KWSP 17A (AHL) Khas and submit it to the nearest EPF office. In my opinion I feel that one should retain the 11% contribution rate to the EPF. Usually the money at age 55 for retirement inside the EPF is not enough, so you should save more.