KUALA LUMPUR: The Employees Provident Fund (EPF) today said that 254,163 members have collectively benefitted from RM47 million in government incentives paid out under the i-Saraan and i-Suri programmes.
In 2023, the government announced that it would contribute 15 per cent or up to RM300 a year into the account of i-Saraan contributors.
i-Saraan is a voluntary contribution facility introduced by EPF, for the self-employed below the age of 60 years old.
In the first half of 2023, government incentives amounting to RM28 million have been credited to 211,361 members under the i-Saraan programme.
From Jan 1, 2024, however the government incentive amount has been raised to RM500 a year from a maximum of RM300 a year in 2023.
The government will continue to give incentives to every i-Saraan participant who contributes, subject to a maximum lifetime incentive of RM5,000.
For the i-Suri programme, the government provides a matching incentive of 50 per cent on every RM1 voluntary contribution by housewives who are under the age of 55 and registered in the e-Kasih database, subject to a maximum incentive limit of RM300 per year.
For the year 2023, government incentives amounting to RM19 million have been credited to 42,532 members under the i-Suri programme.
The government will continue to provide incentives to every i-Suri participant who contributes, subject to a maximum lifetime incentive of RM3,000.