Cover image via New Straits Times & Harian Metro
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Voluntary contributions to the Employees Provident Fund (EPF) rose by 40.2% to RM19.2 billion in 2025, reflecting growing awareness among Malaysians about the importance of retirement savings
According to the New Straits Times, EPF chief executive officer Ahmad Zulqarnain Onn said the increase was largely driven by the i-Saraan programme, which encourages self-employed individuals and those without fixed incomes — including gig workers, freelancers, and small business owners — to save for retirement.
The number of i-Saraan contributors grew by 35.9% to more than 720,000 members, while total contributions under the programme increased by 50.8% to RM4 billion.
EPF chief executive officer Ahmad Zulqarnain Onn.
Image via Harian Metro
Ahmad Zulqarnain said there was also a 26% increase among formal sector workers choosing to contribute above the statutory rate through the i-Topup facility
He said EPF’s i-Akaun mobile app has made it easier for members to make additional contributions, while the Auto Simpan feature allows for automatic monthly savings.
“EPF expects this upward trend to continue as more members take a proactive approach to retirement planning, supported by digital facilities that make voluntary contributions more convenient,” he said.
He added that the rise in voluntary contributions reflects stronger trust in EPF and greater awareness about retirement adequacy
He said the Malaysia Financial Literacy and Capability Index showed improvement in long-term financial planning, particularly for retirement, rising from 54.1% in 2021 to 63.9% in 2024.
“More members are actively planning their retirement and making voluntary contributions.
“EPF supports this through outreach programmes targeting students, gig workers, small traders, and low-income groups, as well as free financial advisory services provided by EPF Relationship Advisors,” he added.
He assured that EPF will continue to strengthen its financial literacy initiatives to help members achieve a comfortable retirement and build long-term financial resilience amid rising economic pressures.