We can pay EPF or KWSP ourselves (self contribution) online using Maybank2U. A person or a owners who do not get salary (own business) is encouraged to participate the “EPF Self Contribution”. However, the minimum contribution payment amount is RM50 for every transaction and maximum of RM 60,000 yearly.
There are many advantages of “EPF Self Contribution”. The dividend rate of the EPF is always higher than Fixed Deposit Rate provided by bank. Besides, we can get tax relief up to RM 6000 under “Life insurance and EPF” types.
Step By Step Pay EPF Online
1. Login to Maybank2U, click “Investment” > “EPF”.
2. The system will show the account which already registered by ourselves previously. Click “EPF Registered Payment”. Click “Add” to add new EPF account if we haven’t register our account.
3. Select the “Self Contribution”.
4. Key in the amount.
5. Click confirm and success.
If you want to know more about the Historical EPF Dividend Rate, read the article here : EPF Dividend Rate (2000-2017)