Increase in MIBFA Pension & Provident Fund Contribution Rates
Please note that the employer contribution rates for the pension and provident funds will increase on 1 July 2024 by 0.2%, meaning that contributions from employers will increase to 8.10%, with the employee contribution remaining at 7.5%. This is in accordance with the Funds Surplus Apportionment arrangements. EIPF_MIPF firm circular...