{"id":205098,"date":"2025-10-11T09:25:05","date_gmt":"2025-10-11T09:25:05","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/205098\/"},"modified":"2025-10-11T09:25:05","modified_gmt":"2025-10-11T09:25:05","slug":"rm600-a-year-epf-incentive-for-ride-share-delivery-drivers","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/205098\/","title":{"rendered":"RM600 a year EPF incentive for ride-share, delivery drivers"},"content":{"rendered":"<p><img fetchpriority=\"high\" alt=\"gig workers ehailing rider\" loading=\"eager\" width=\"912\" height=\"570\" decoding=\"async\" data-nimg=\"1\" class=\"html-img h-auto w-full\" style=\"color:transparent\"   src=\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2025\/10\/61d5233c-gig-workers-ehailing-rider-bernama-010925-1.webp.jpeg\"\/>E-hailing and p-hailing drivers will get a higher annual matching incentive cap of RM600 a year, or RM6,000 over a lifetime under the i-Saraan Plus scheme. (Bernama pic)<br \/>\nPETALING JAYA: EPF\u2019s i-Saraan Plus, an initiative rolled out specifically for e-hailing and p-hailing drivers, will offer a higher annual matching incentive cap of RM600 a year, or RM6,000 over a lifetime.<\/p>\n<p class=\"py-1.5 mb-4 text-lg\">EPF said drivers will be registered as EPF members through the respective platform providers, who will facilitate contribution deductions at rates determined by the drivers themselves.<\/p>\n<p class=\"py-1.5 mb-4 text-lg\">Earlier this evening, Prime Minister Anwar Ibrahim announced the scheme when tabling the 2026 budget.<\/p>\n<p class=\"py-1.5 mb-4 text-lg\">EPF said the latest initiative was based on the success of the i-Saraan programme, which has been extended to next year.<\/p>\n<p class=\"py-1.5 mb-4 text-lg\">Anwar also announced that the government\u2019s matching incentive for the i-Suri programme will be extended for 2026, with the eligibility age increased from 55 to 60 years old.<\/p>\n<p class=\"py-1.5 mb-4 text-lg\">The incentive amounts to 50% of the total annual contribution, subject to a maximum of RM300 per year and RM3,000 over a lifetime.<\/p>\n<p class=\"py-1.5 mb-4 text-lg\">EPF CEO Ahmad Zulqarnain Onn said the i-Saraan and i-Suri programmes have played a crucial role in expanding retirement savings coverage to more Malaysians, particularly those in the informal sector.<\/p>\n<p class=\"py-1.5 mb-4 text-lg\">\u201cThese initiatives are part of the EPF\u2019s ongoing efforts to raise the floor of social protection, ensuring that no one is left behind in building financial security for their retirement.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"E-hailing and p-hailing drivers will get a higher annual matching incentive cap of RM600 a year, or RM6,000&hellip;\n","protected":false},"author":2,"featured_media":205099,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[64,63,114523,99,127395,35787,186,127396,184,185,56277],"class_list":["post-205098","post","type-post","status-publish","format-standard","has-post-thumbnail","category-personal-finance","tag-au","tag-australia","tag-budget-2026","tag-business","tag-e-hailing","tag-epf","tag-finance","tag-matching-incentive","tag-personal-finance","tag-personalfinance","tag-riders"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/205098","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=205098"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/205098\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/205099"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=205098"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=205098"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=205098"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}