Pensions, social security and taxation

Information on retirement, pensions, income tax, social security and taxation of benefits

Malaysia :: Retirement

Under the Minimum Retirement Age Act 2012 – an employee may retire when they reach the age of 60 …

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Malaysia :: Contribution to the employees’ provident fund

The Malaysian provident fund is responsible for providing pensions to Malaysians …

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Malaysia :: Income tax and tax returns

Income tax is scaled according to earnings ranging from 1 to 28% …

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Malaysia :: Employment insurance scheme

Social Security is collected by the Social Security Organisation – commonly referred to as SOCSO …

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