What is SOCSO?
SOCSO (Social Security Organization), also known as PERKESO (Pertubuhan Keselamatan Sosial) was established in 1971 under the Ministry of Human Resources to provide social security protections to all employees/workers in Malaysia.
These are the benefits of SOCSO Contributions payment:
Payment of benefits to workers and/or their dependents when tragedy strikes
Provision of physical and vocational rehabilitation benefits
Promotion of awareness of occupational safety and health
Related:
SOCSO Contribution Rate
Effective 1st September 2022, PERKESO will enforce a new wage ceiling for contributions from RM4,000 to RM5,000 per month. The contribution amount that apply to employees with salaries exceeding RM4,000 per month is stated in the Third Schedule, Act 4 and the Second Schedule, Act 800. For employees with salaries exceeding RM5,000 per month, the contribution amount is subject to the wage ceiling of RM5,000. Accordingly, the contribution payment for the month of September 2022 and the subsequent months shall be made by the employer according to the new wage ceiling.
SOCSO Contribution Rate and Table:
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.
SOCSO Payments
SOCSO contributions can be paid through 3 methods as follow:
1. Collection agents
Employers using the monthly contribution schedule (Form 8A) can make payment at the following authorized collection agents:
Maybank Berhad
RHB Bank Berhad
Public Bank Berhad
Pos Malaysia (for Sabah & Sarawak only).
2. SOCSO Offices
Payments can be made through the methods below:
Cheque
Money Order
Postal Order
Bank Draft
All payments should be made using a cheque for every Form8A.
3. Internet Banking
Employers need to be registered and have an account with any banks listed below:
Maybank Berhad
CIMB Bank Berhad
RHB Bank Berhad
Public Bank Berhad
Citibank
Ambank
Alliance Bank
Hong Leong Bank/Hong Leong Islamic Bank
HSBC
Affin Islamic Bank
Bank Islam Malaysia Berhad
Contact your respective bank for more details. If you have made submission of your contribution via online banking, submitting Form8A to any counter will not be needed.
For more information, kindly refer to this page.
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