It has been recently announced that there is a change in the SOCSO Maximum Salary Ceiling amount as well as Payment Method effective March 2016, where payment is due by 15 April 2016.
Changes to Maximum Salary Ceiling amount
Increase in the maximum salary ceiling from RM3,000 to RM4,000 which in turns changes the employee’s maximum monthly contribution from RM14.75 to RM19.75; a total of RM5.00 difference. Whereas employer’s maximum monthly contribution changes from RM51.65 to RM69.15; a total increase of RM17.50 per month.
Do note that SOCSO board has yet to update the Contribution Rate Table and this is expected to be done by 1st week of March.
For more information, please refer to the link below (note that this is only applicable in Bahasa Malaysia):
Changes to Payment Method
In the effort to improve the efficiency of data management of employee’s contribution made, SOCSO has stopped the use of compact disc & diskettes and manual filing of Form 8A. All submissions can only be done through Internet Banking and the banks authorised for this service are as per below:
|Bank Name||Internet Banking Facilities|
|Affin Bank Berhad||affinOnline.com|
|Alliance Bank Malaysia Berhad||Alliance Bizsmart|
|Ambank Malaysia Berhad||e-AmBiz|
|Bank Islam Malaysia Berhad||e-Banker|
|CIMB Bank Berhad||BizChannel@CIMB|
|Hong Leong Bank Berhad||HongLeong Connect BIZ|
|HSBC Bank Berhad||HSBCnet|
|OCBC Bank Berhad||Easi-GIRO|
|Public Bank Berhad||PBeBank.com|
|RHB Bank Berhad||Reflex|
Do contact us should you require further information.