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i-Saraan: Grow Your Retirement Savings - KWSP Malaysia

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i-Saraan: Grow Your Retirement Savings

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i-Saraan

Retirement Savings For Self‑Employed Members

i-Saraan is a voluntary contribution initiative introduced by EPF. It offers an opportunity for self-employed individuals and gig economy workers without fixed income to obtain government incentives for retirement purposes, subject to the established requirements.

Benefits

Special Incentive

Receive special incentive of 15% for the total contribution up to a maximum of RM500 for the current year*

Annual Dividend

Enjoy annual dividends on top of retirement savings

Death Assistance

Subject to EPF terms and conditions

Tax Relief

Subject to IRB terms and conditions

*Had insentif seumur hidup sebanyak RM5,000 atau mencapai umur 60 tahun yang mana lebih awal. Tertakluk kepada terma dan syarat kerajaan.

Who Is Eligible To Apply

Malaysian

Self-employed individuals

Who derive income from own work and are not an employee

EPF Member

Below 60 years of age

Benefits

Special Incentive

Receive special incentive of 15% for the total contribution up to a maximum of RM500 for the current year*

Annual Dividend

Enjoy annual dividends on top of retirement savings

Death Assistance

Subject to EPF terms and conditions

Tax Relief

Subject to IRB terms and conditions

*Lifetime incentive limit of RM5,000 or when the member reaches age 60, whichever is earlier. Subject to government terms and conditions.

Who Is Eligible To Apply

Requirements

Malaysian

Self-employed individuals

Who derive income from own work and are not an employee

EPF Member

Below 60 years of age

Payment Methods

Contribution payments will be credited to the member's EPF account within 3 working days for electronic payments and 7 working days for payment via other channels.

i-Saraan (Payment Channel Accordion)

Mobile App

Electronic payment via KWSP i‑Akaun mobile app. For more details, refer to the FAQ section at the bottom.

Internet Banking

Online payment via:

Alliance Bank
Bank Islam
Bank Muamalat
BSN
CIMB Bank
Hong Leong Bank
Kuwait Finance House
Maybank
MBSB
Public Bank
RHB Bank
Ambank

Registered Bank Agent

Electronic/cash payment Bank Agent (EB) BSN.

Bank Agent Counters

Cash/cheque payment via bank agent counters:

BSN
Maybank
Public Bank
RHB Bank – Only payments via debit card and debit transfers are accepted.

Note: Please attach Bayaran Caruman i‑Saraan/i‑Suri Form ‑ KWSP 6A (2)

If payment made by cheque or bank draft:

Payment must be made to KUMPULAN WANG SIMPANAN PEKERJA.
Please state member's EPF number, contribution month, and phone number on the back.

EPF Office

Payment via cash (maximum RM500)/cheque/bank draft/money order/postal order can be made at the following EPF Receipting Counters:

KWSP Shah Alam
KWSP Kuala Lumpur
KWSP Ipoh
KWSP Seberang Jaya
KWSP Alor Setar
KWSP Kangar
KWSP Johor Bahru
KWSP Muar
KWSP Melaka
KWSP Seremban
KWSP Kuantan
KWSP Kuala Terengganu
KWSP Kota Bharu
KWSP Kota Kinabalu
KWSP Kuching

Payment via Debit Card is available at all EPF Offices.

Note: Please attach Bayaran Caruman i-Saraan/i-Suri Form - KWSP 6A (2)

EPF does not encourage members to make payments in cash for large amounts at EPF counters.

If payment made by cheque or bank draft:

Payment must be made to KUMPULAN WANG SIMPANAN PEKERJA.
Please state member's EPF membership number, contribution month, and phone number on the back.

EPF Mobile Team / Relationship & Advisory (RA)

Electronic payment via Debit Card.
Contribution payment amount is subject to the payer's Debit Card transaction limit.

For more details, refer to the FAQ section at the bottom.

Contribution payment via Debit Card through the EPF Mobile Team/ Relationship & Advisory (RA) services is based on the Schedule Table.

Contribution Limit

Minimum: RM1.00

Subject to payment channels

Maximum: RM100,000 per year

The maximum accumulated limit for Voluntary Contributions (Self Contribution, i‑Saraan Contribution, i‑Suri Contribution and Akaun Persaraan Top‑up Savings Contribution) across all payment channels is RM100,000 per year

How To Register i-Saraan

KWSP i-Akaun

i-Saraan registration via KWSP i-Akaun app

EPF Website

Online registration for i-Saraan through the i-Saraan Registration Portal.

Self Service Terminal (SST)

i-Saraan registation at any SST
Prepare MyKad

EPF Office

Fill out the Voluntary Contribution Registration Application form for i-Saraan/i-Suri - KWSP 16G (M)
Prepare MyKad

KWSP i-Akaun

Registration of i‑Saraan/i‑Suri through KWSP i‑Akaun app

EPF Website

i‑Saraan Online Registration

Self Service Terminal (SST)

Visit any SST location
MyKad

EPF Office

Permohonan Pendaftaran Caruman Sukarela i‑Saraan/i‑Suri Form – KWSP 16G (M)
MyKad

KWSP i-Akaun

Registration of i‑Saraan/i‑Suri through KWSP i-Akaun app

Self Service Terminal (SST)

Visit any SST location
MyKad

EPF Office

Permohonan Pendaftaran Caruman Sukarela i‑Saraan/i‑Suri Form – KWSP 16G (M)
MyKad

Forms

Permohonan Pendaftaran Caruman Sukarela i‑Saraan/ i‑Suri Form - KWSP 16G (M)

Bayaran Caruman i‑Saraan/ i‑Suri Form - KWSP 6A (2)

Frequently Asked Questions View

Frequently Asked Question

i-Saraan (FAQ Accordion)

What is i-Saraan?

i-Saraan is a voluntary contribution facility introduced by EPF, offering self-employed members, those with no fixed incomes, and gig economy sector workers an opportunity to receive special incentives from the Government for retirement purposes, subject to the terms and conditions.

Will the i-Saraan programme continue?

The extension of the i-Saraan programme and the incentives is an initiative from the Government. Any changes to the terms and conditions will be informed time to time.

Are there any changes to the current eligibility requirements for i-Saraan registration?

There are no changes to the i-Saraan eligibility requirements, which are:-
i. Registered as an EPF member;
ii. Malaysian Citizens;
iii. Below 60 years of age;
iv. Individuals who are self-employed with no fixed income, members of the civil service in a pension service scheme and workers in the gig economy sector.

Can members who have reached the age of 55 register i-Saraan?

Yes. EPF members who are Malaysian citizens and have not reached the age of 60 can register for i-Saraan.

Can members who have reached the age of 60 register i-Saraan?

No. i-Saraan is only open to EPF members who have not reached the age of 60.

Can members who are civil service employees in a pension service scheme apply for i-Saraan?

Civil service employees who have retired and have not reached the age of 60 are eligible to register for i-Saraan.

Can members who are currently serving in the military apply for i-Saraan?

Military members who are still serving can apply for i-Saraan if they are registered as EPF members.

What is the purpose of increasing the i-Saraan's special incentive payment from RM300 to RM500 per year with a maximum lifetime special incentive (accumulated) of RM5,000 per individual?

The purpose of increasing the limit of the special incentive and introducing a maximum lifetime special incentive of RM5,000 per individual are as follows:

Establishing a social protection network by providing guaranteed income during elderly years for all;
Expanding the coverage of the EPF scheme to include all working-age populations, including workers in the informal sector or those with no fixed income;
Allowing individuals to benefit a meaningful incentive for retirement;
Encouraging members to continue saving continuously for retirement income; and
Ensuring the guaranteed receipt of incentives for 10 years or until the member reaches the age of 60, whichever is earlier.

When does the increase in the maximum payment rate for the i-Saraan special incentive take effect?

The increase in the maximum payment rate for the i-Saraan special incentive comes into effect starting from the year 2024, based on contributions made in the year 2024.

Is the maximum lifetime limit for special incentives inclusive of contributions made in previous years?

No. The maximum lifetime limit for special incentives begins with the special incentives received starting from the year 2024.

How can i-Saraan contribution payments be made?

Members can make i-Saraan contribution payments through the following channels:-
i. i-Akaun mobile application (Member);
ii. Internet banking;
iii. Bank agent counters – BSN, Maybank, Public Bank & RHB Bank;
iv. Registered bank agent – (EB) BSN;
v. Cash payment (maximum RM500)/bank cheque/bank draft/money order/postal money at all EPF branches;
vi. Debit Card payments through Mobile Team (MT), Mini Outreach Team (MoT) & EPF branches.

What is the amount that needs to be contributed to qualify for the maximum i-Saraan special incentive of RM500 per year?

Members are eligible to receive the special incentive based on matching contribution of 15% of the total accumulated contributions for the current year made by members. To qualify for the maximum annual special incentive of RM500, members need to contribute at least RM3,334 per year.

Refer to the illustration below:

Member	Total Contributions Accumulated Current Year	Annual Amount Special Incentives
Ahmed	RM1,000	RM150
Baba	RM3,334	RM500
Kevin	RM5,000	RM500

When will the i-Saraan special incentive payments be credited to the member's EPF account?

The i-Saraan special incentive payment will be credited to the member's EPF account twice a year (subject to the receipt of special incentive payments from the government).

The special incentive payment is subject to a maximum limit of RM500 per year. A maximum lifetime special incentive limit of RM5,000 (accumulated) or reaching the age of 60, whichever comes first for each individual, is also introduced and will be considered starting from the year 2024.

Can members apply for a refund of the i-Saraan contributions that have been paid to EPF?

No. All i-Saraan contributions paid to EPF are final. Therefore, members need to ensure that payments are in order before proceeding with the transaction.

What happens if I make i-Saraan contribution after the age of 55?

All contributions received after the member reaches the age of 55 are deposited into Akaun Emas and can only be withdrawn after the member reaches the age of 60.

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