SOCSO/iPerkeso Contributions categories & payment details

The employer must remit the monthly SOCSO contribution according to the rates stated in the SOCSO Contribution Schedule in the following month and according to the types and categories of SOCSO/iPerkeso contributions.

SOCSO contribution is compulsory for all employees from the first month the employees are employed.

Categories of SOCSO Contributions

First Category (Employment Injury Scheme And Invalidity Pension Scheme)

This is applicable for employees aged below 60. The company will pay 1.75%  while the staff/workers’ will contribute 0.5% of their wages for the Employment Injury Insurance Scheme and the Invalidity Pension Scheme.

Second Category (Employment Injury Scheme Only)

• For employees above 60 years of age and still working.
• For employees above 55 years of age when first registered and contributed to SOCSO;
• For an Insured Person receiving Invalidity Pension who is still working and receiving wages which is less than1/3 of the average monthly wage before invalidity.Under this category contributions are only paid by the employer for protection under the Employment Injury Scheme.

iPerkeso Contribution Table & Rates

A company is required to contribute SOCSO for its staff/workers according to the SOCSO Contribution Table & Rates as determined by the Act.

The company will pay 1.75%  while the staff/workers’ will contribute 0.5% of their wages for the Employment Injury Insurance Scheme and the Invalidity Pension Scheme.

Both the rates of contribution are based on the total monthly wages paid to the employee and contributions should be made from the first month the employee is employed.

Read the full article here: SOCSO Contribution Rates & Table 

How to pay SOCSO (iPerkeso)?

A company must remit its SOCSO contribution payment to SOCSO offices not later than the last day of the following month. For example, contribution for the month of Dec 2019 must be paid not later than Jan 2020.

Payment to iPerkeso/SOCSO

An employer can pay its SOCSO contributions via the following 3 methods:

i) Payment through banks

Employers who submit payments through the following banks must use preprinted SOCSO/iPerkeso Contribution Form (Borang Caruman Bulanan/Borang 8A):-

• CIMB Bank Berhad
• Malayan Banking Berhad
• RHB Bank Berhad
• Public Bank Berhad
• Bank Muamalat
• Pejabat Pos Malaysia (for Sabah & Sarawak only).

ii) Payment Via Internet Banking

An employer must be registered and has an account at any of the following banks:-

(a) Malayan Banking Berhad
(b) CIMB Bank Berhad
(c) RHB Bank Berhad
(d) Public Bank Berhad

iii) Payment At SOCSO’s Office

SOCSO office only accepts payment by cheque or postal money order. For employers who submit contribution records through computer diskette/tape, payment must be made at the SOCSO office where they are registered.