i-Saraan: EPF Project with 15% Special Incentives



Voluntary Contribution with Retirement Incentive (i-Saraan) allows EPF member who are self-employed to make voluntary contributions. And now, government are providing an additional 15% contribution for participants in this project.
Let's take a look on the details / FAQ of the i-Saraan:


1. What is i-Saraan?
It is an EPF retirement incentive that encourage self-employed to make voluntary contributions.
2. What benefits can I get if I joined?
  • Contribute according to your own time and within your own financial ability
  • Enjoy tax relief
  • Receive additional special incentive of 15% subject to a maximum of RM250 annually
  • For example, if your contribution is RM1,000, then RM1,000 × 15% = RM150, you will receive RM150 as special incentive.
  • If your contribution is RM2,000, although RM2,000 × 15% = RM300, you can only receive RM250 as it is the maximum incentive provided.
3. Who is eligible?
Self-employed individuals who are registered EPF member with no fixed income and aged below 60, includes the following:
  • Farmers/Fishermen/Taxi Drivers
  • Small Business Owners/Hawkers/Night Market Traders
  • Babysitters
  • Commission-receiving agents (e.g. insurance agents, real estate agents)
  • Freelancers (e.g. those who receive payment for services including deejays, singers, actors, fitness instructors, consultants)
  • Business Owners (sole proprietors/partners) involved in the trading of goods and services
  • Online Business Owners
  • Professionals with their own practice (e.g. accountants, doctors, lawyers)
  • Housewives
4. How to apply?
5. Any condition?
Maximum payment limit is RM60,000 per year
6. When will the special incentive end?
This incentive will be ended in year 2022.
7. Why I didn't received the special incentive after joining i-Saraan?
The EPF will routinely make government contribution claims based on accumulated contribution for the first (January to June) and second (July to December) halves of the year.
8. How does the government credit the contribudion to my account?
The special contribution will be credited into your Account 1.

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