Re: EPF (55 yrs old contribution Rate)
Just want to check about the contribution rate as per notified by EPF on February 1st 2008. Employee age of 55y.o after on on the 1/2/2008 contribution rate has revised to 5.5% and employer 6% (divided into half), could you explain this situation as per your experience.
What if the staff of age 55 already withdrawn their EPF A/C? They can still contribute and fill up EPF option forms, but if for the company they have right to use the new rate?