What is i-saraan?

i-Saraan is a voluntary contribution initiative introduced by EPF. It offers an opportunity for self-employed individuals (sole pro & partnership’s owner) and gig economy workers without fixed income to obtain government incentives for retirement purposes, subject to the established requirements.​

What is the benefit?

• Special Incentive 
  • Receive special incentive of 15% for the total contribution up to a maximum of RM500 for the current year*
  • ​*Lifetime incentive limit of RM5,000 or when the member reaches age 60, whichever is earlier. Subject to government terms and conditions.
• Annual Dividend
  • Enjoy annual dividends on top of retirement savings
• Tax Relief
  • Up to RM7,000 for business owner if contribute made via voluntary contribution, ie. i-saraan. As a business owner (sole pro etc not sdn bhd), you should not obliged to pay EPF via Borang A as mostly do, you should do self contribution instead.

How to register for i-saraan?

• KWSP i-Akaun
• EPF Website​ (Easiest way to do)
• Self Service Terminal (SST)​
• EPF Office

Register via EPF Website

1. login to member/ individual EPF portal: https://secure.kwsp.gov.my/member/member/landingpage.html
2. in the landing page, you can spot directly for i-saraan registration, click it and fill up your details and yes, that’s it, your i-saraan is registered (refer picture below)
3. pay EPF via your bank account, depend on your bank, select pay bill -> KWSP/EPF -> select account “i-saraan” and pay
4. selecting pay via i-saraan is important to get up to RM500 incentive (for the 15% of the amount you deposited into EPF account via i-saraan)