Starting from 1 September 2022, government will implement a new cap on social insurance coverage from RM4,000 to RM5,000.
Under the Malaysian Social Security Act, employer is required to pay 1.75% of the employee’s contribution and employee is required to pay 0.50% of the employee’s contribution. Both the employer and employee are required to pay social security contributions in accordance with the Employees’ Social Security Act 1969 (Section 4).
Here you can see the amount of social security contributions required for each income group.
