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Suri Incentive To Kick Start on 15th August and Here is How You Apply For it!

by August 10, 2018

Good news to those housewife that are not working as Suri Incentive To Kick Start on 15th August and Here is How You Apply For it!

suri-incentive - News

As according to our Deputy Prime Minister, the first phase of the pension scheme for housewives on Aug 15, which is next Thursday. But on this phase 1, the target  eligible recipient are those who are in the e-Kasih database which includes single mother, widows and woman from low income families.

Those who are eligible, in order to enable the Suri Incentive will need to save a minimum of RM5 monthly into their EPF account and upon that the Government will pay a contribution of RM40.

If you’re eligible for this pension scheme, you are able to apply and register from your nearest Employee Provident Fund (KWSP) branches starting from August 15. The housewife will be able to make payment to active this pension scheme through EPF counter, Maybank, Public Bank, BSN and RHB bank counters. It can also be paid via online channel through Maybank and Public Bank monthly

suri-incentive-1 - News

There would be 2 more phases to be introduced where phase 2, is that the government will raise the contribution to RM50 where the normal monthly RM40 contribution to EPF, an additional RM10 will go to the Social Security Organisation (Socso).

And the final phase, which is phase 3 of the Suri Incentive will then go on to phase three where 2% of a husband’s EPF contribution will go to his housewives’ account which is expected to be implemented by 2020

So what’s your view on this Suri Incentive pension scheme? We would say it’s good and it’s beneficial to housewife and we are fully supporting this scheme.

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