EPF Interest Rate – Updated 2019

How EPF Interest Rate Was Set?

EPF interest rate is reviewed every year by EPFO (Employees’ Provident Fund Organization) with the Ministry of Finance. The review of the EPF interest rate for a financial year is set at the end of the financial year.

Interest Rate For 2108 Was: 6.15%

EPF Historical Interest Rates

Year           Per Annum             (Simpanan Shariah)         Per Annum            (Simpanan Konvensional) 2018 5.90 6.15 2017 6.40 6.90 2016 – 5.70 2015 – 6.40 2014 – 6.75 2013 – 6.35 2012 – 6.15 2011 – 6.00 2010 – 5.80 2009 – 5.65 2008 – 4.50 2007 – 5.80 2006 – 5.15 2005 – 5.00 2004 – 4.75 2003 – 4.50 2002 – 4.25 2001 – 5.00 2000 – 6.00 1999 – 6.84 1997 – 1998 – 6.70 1996 – 7.70 1995 – 7.50 1988 – 1994 – 8.00 1983 – 1987 – 8.50 1980 – 1982 – 8.00 1979 – 7.25 1976 – 1978 – 7.00 1974 – 1975 – 6.60 1972 – 1973 – 5.85 1971 – 5.80 1968 – 1970 – 5.75 1965 – 1967 – 5.50 1964 – 5.25 1963 – 5.00 1960 – 1962 – 4.00 1952 – 1959 – 2.50

Information reference from kwsp.gov.my, EPF Rate

How EPF Contribution Works?

EPF Contribution consists of two parts;

Employer Input + Employee  Input

Calculate Interest on EPF

Basic Salary +  Allowance =  RM5,000

Employee’s contribution towards EPF = 12% of  RM15,000 = RM600

Employer’s contribution towards EPS = 8.33% of RM5000 = RM415

Total EPF contribution every month = RM600 + RM415 = RM1015

*The interest will be calculated every month but will be deposited only at the end of the financial year.

 

 

If you would like to know more about EPF and Retirement Investment, don’t hesitate to contact us at sapwealth.com/contact