Malaysia Beauty Travel and Lifestyle Blog

  If you are self-employed or working without a fixed income (gig economy), then the EPF (Employee Provident Fund)  i-Saraan scheme is what you need for better retirement planning. Who is Eligible to register for EPF i-Saraan)? 1. Malaysian citizen 2. Age below 60 years old 3. Existing EPF member 4. Self-employed  individuals  without a fixed income. (eg. freelancers, small business owners, gig workers) Why the no fixed income earner should apply for EPF i-Saraan? 1. Government incentives  For every EPF contribution you make, the government  willa dd 15%  up to a maximum of RM500 a year. 2.Annual Dividends  Same like regular EPF contributions, i-Saraan savings earn annual dividend, helping to accelerate your retirement fund growth over time. 3. Death Benefits  In the event of  unfortunate event, your nominated beneficiaries will receive a death benefit , 4. Tax Relief  Eligible to claim tax relief for contributions made through i-Sa...