Short, Simple and Interesting FAQs
In Malaysia, individuals aged 60 and above, specifically those who are still engaged in employment, may continue to contribute to SOCSO under certain conditions. As of January of this year, the age limit for SOCSO contributions for employees was up to 60 years old. However, there might be variations in specific situations: 1. Compulsory Contributions: … Read more
SOCSO (Social Security Organization) and EPF (Employees Provident Fund) are both statutory bodies in Malaysia aimed at providing financial security and benefits to employees, but they serve different purposes and offer different types of protection: SOCSO (Social Security Organization): Purpose: SOCSO primarily provides social security protection against work-related injuries, disabilities, illnesses, or death suffered by … Read more
Yes, SOCSO contributions in Malaysia are typically shared between the employer and the employee. Both the employer and the employee make contributions to SOCSO, and these contributions are usually a percentage of the employee’s wages. Employer’s Contribution: Employers are responsible for deducting the employee’s share of the contribution from their wages and then adding their … Read more