In May, the government announced that they will be implementing a new Employees Provident Fund (EPF) scheme for housewives, which was part of Pakatan Harapan’s 100-day manifesto.
The new government agreed that two per cent of their husband’s salary will be contributed to their EPF account, as well as an additional RM50 will be contributed from the government.
On Monday, Finance Minister Lim Guan Eng says that the ministry fully supports the introduction of the EPF scheme for housewives.
“The scheme is expected to start this year on a voluntary basis. It would transfer two per cent of the husband’s existing 11 per cent EPF contribution to the wife’s EPF account,” Guan Eng said in a statement issued.
He believes that the new scheme will not be burdensome for the husband as it “does not reduce the take-home pay.”
A Cabinet memorandum will be soon be presented which will include details and outline of the new scheme and its estimated cost.
The new government agreed that two per cent of their husband’s salary will be contributed to their EPF account, as well as an additional RM50 will be contributed from the government.
On Monday, Finance Minister Lim Guan Eng says that the ministry fully supports the introduction of the EPF scheme for housewives.
“The scheme is expected to start this year on a voluntary basis. It would transfer two per cent of the husband’s existing 11 per cent EPF contribution to the wife’s EPF account,” Guan Eng said in a statement issued.
He believes that the new scheme will not be burdensome for the husband as it “does not reduce the take-home pay.”
A Cabinet memorandum will be soon be presented which will include details and outline of the new scheme and its estimated cost.
