How to change the EPF contribution age setting for employee?

How to change the EPF contribution age setting for employee?

From time to time, you may change the EPF contribution setting for the employees, such as contribution percentage, effective date range, age and others. 

First, go to Payroll -> Setting -> Statutory Setting -> EPF Setting, select the EPF Group that you want to change by clicking on the Group Description, you will be brought to the Company EPF Table as below: 




You can even set the contribution by % or fix amount here. 

For example, if you want to increase the EPF contribution age from 55 to 60, just proceed to the column 'Age Range' and key "55" to "60". 


    • Related Articles

    • 4. How to Calculate EPF?

      The information below shall only be used for reference purposes. iWoWSoft has been trying its best to keep the information up to date and align with the KWSP website(www.kwsp.gov.my). However, iWoWSoft is not liable for any misleading and inaccurate ...

    • 6.2 Company EPF Setup

      Location: Main -> Payroll -> Setting -> Statutory Setting -> EPF Setting To create an EPF group, click on the 'Create' button. It will bring you to the screen below. Insert the EPF Group Description as well as the Sequence Number. The Sequence Number ...

    • 3.15 How to Update EPF Group for Employee?

      The government had recently announced the minimum Employee Provident Fund (EPF) contribution by employees will be reduced by 4 % from 11 % to 7 %, with effective from 1 April 2020 to 31 December 2020. Question(s) How should I update the EPF Group for ...

    • 4. Expense General Setting

      Here you will set some of the general settings for e-Expense.  Step 1 ,2 & 3: Go to Home -> Expense -> General -> Expense General Setting.   1. Does your Company allow back date Expense claim? If yes, how many days/week/months? Enter the value in the ...

    • How to configure EA form setting?

      The administrator is required to configure the EA form setting prior to releasing the EA form to employees. This is to ensure that all payroll items have been assigned to an EA form field to reflect every employee's income accurately when the EA form ...