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EPF launches e-Payroll for employers

The e-Payroll was well-received by 600 SMEs which enrolled in the pilot test and soft launch recently. KUALA LUMPUR: The Employees Provident Fund (EPF) has launched e-Payroll, an enhancement of the i-Akaun (employer) portal, as it leverages on digital technology to help facilitate employers’ statutory obligations, including EPF contribution. In a statement on Friday, the retirement fund said e-Payroll provides a secure and seamless experience for employers, emphasising on automated calculations of statutory deductions and contributions to regulatory bodies. EPF chairman Tan Sri Ahmad Badri Mohd Zahir said: “The e-Payroll service is designed to assist SME users of i-Akaun (Employer) who are not using any payroll solution or do not have the financial means to utilise a payroll solution.”

E-Payroll helps optimise SME, entrepreneur operations

EPF Introduces e-Payroll Service Aimed At SME Employers

Malaysia's EPF ends 2020 up 7.9% at almost $250 billion

Malaysia’s EPF ends 2020 up 7.9% at almost $250 billion Bloomberg Malaysia's Employees Provident Fund posted record gross investment gains in 2020, lifting the value of its portfolio to 1 trillion ringgit ($247.5 billion) as of Dec. 31. The Kuala Lumpur-based EPF made those advances despite granting participants early access to their retirement savings to help them survive the economic devastation of the coronavirus crisis. A Feb. 27 announcement by the national defined contribution system said it had credited a 5.2% dividend payout to the accounts of its 13.8 million "conventional" plan participants, down from 5.45% the year before. It was the lowest level since the 4.5% pay out for 2008, the year of the global financial crisis.

Malaysia's EPF says portfolio ended 2020 up 7.9% at roughly $250 billion

Malaysia's EPF said record investment gains helped its portfolio end 2020 at 1 trillion ringgit, despite COVID-19-related early withdrawals.

EPF navigates safely through pandemic-stricken 2020

Overcoming obstacles: EPF declared a 5.2% dividend for Conventional Savings and 4.9% dividend for Syariah Savings for pandemic-hit 2020. PETALING JAYA: Despite the Covid-19 pandemic, the Employees Provident Fund (EPF) says it has delivered a solid performance in 2020 for both its operational and financial results with a total dividend payout of RM47.64bil. The pension fund declared a dividend of 5.20% for Conventional Savings and 4.9% for Syariah Savings for 2020. It said the payout amounted to RM42.88bil and RM4.76bil respectively for both savings. Last year, EPF declared dividends of 5.45% for Conventional Savings 2019 and 5% for Syariah Savings 2019. In the past 10 years, EPF’s dividend payout for Conventional Savings was at 5.8% in 2010 followed by 6% (2011), 6.15% (2012), 6.35% (2013), 6.75% (2014), 6.4% (2015), 5.7% (2016), 6.9% (2017), and 6.15% (2018).

EPF declares 5.2pc dividend despite pandemic challenges | Daily Express Online

Published on: Sunday, February 28, 2021 By: Bernama Credit: focusmalaysia.my Kuala Lumpur: The Employees Provident Fund (EPF) has declared a dividend of 5.2 per cent with a payout amounting to RM42.88 billion for Simpanan Konvensional and 4.9 per cent for Simpanan Shariah, with a payout totalling RM4.76 billion. Cumulatively, the total payout for 2020 is RM47.64 billion, EPF said in a statement Saturday. “With an average five-year real dividend of 4.62 per cent for Simpanan Konvensional and 4.32 per cent for Simpanan Shariah after adjusting for inflation, the EPF has exceeded its strategic target of declaring at least 2 per cent real dividend on average for a rolling five-year basis,” it said.

RM18.1 billion i-Lestari withdrawal to date-EPF

27 Feb 2021 / 13:50 H. Bernama KUALA LUMPUR, Feb 27: The Employees Provident Fund (EPF) said to date, a total of RM18.1 billion has been withdrawn by 5.16 million members under the i-Lestari facility, which was among the immediate measures undertaken by the fund amid the challenging situation in 2020 due to the pandemic. It stepped in to help members and employers cope with cash flow issues following the Movement Control Order from March 18 to May 12, 2020 when most economic sectors were closed. “The EPF was one of the first pension funds in the world to provide assistance to its members during the pandemic, by rolling out the hassle-free i-Lestari Account 2 Withdrawal Scheme to provide members with some measures of financial relief,” its Chairman, Tan Sri Ahmad Badri Mohd Zahir said in a statement on Saturday.

5.2 per cent dividend for Konvensional: EPF | Daily Express Online - Sabah's Leading News Portal

The Employees Provident Fund (EPF) has declared a dividend of 5.2 per cent with a payout amounting to RM42.88 billion for Simpanan Konvensional and 4.9 per cent for Simpanan Shariah, with a payout totalling RM4.76 billion

EPF navigates safely through pandemic stricken 2020

KUALA LUMPUR (Bernama): The Employees Provident Fund (EPF) has declared a dividend of 5.2% with a payout amounting to RM42.88bil for conventional savings and 4.9% for syariah savings, with a payout totalling RM4.76bil.