EPF contributions hit RM33.87bil in Q2 on higher membership, voluntary savings

The Employees Provident Fund (EPF) saw a 8.5% year-on-year increase in contributions to RM33.87 billion in the second quarter of 2026, reflecting a strong upward trend in members' retirement savings. This growth continues from RM20.61 billion in Q2 2021, up to RM31.21 billion in Q2 2025. The rising trend is attributed to steady employment growth, increased voluntary savings participation, and the use of EPF's digital platforms.

In the first half of 2026, voluntary contributions reached RM14.15 billion, indicating sustained member participation. Malaysia's labour market remained resilient with an unemployment rate of 3.0% in May 2026. EPF's membership base expanded by 12.6% year-on-year to 18.5 million, with new member registrations surging 52.9% to 441,846.

Active membership grew even faster at 21.9% to 10.95 million. New employer registrations slightly decreased by 0.4% to 37,265. The growth in contributions and membership underscores the strengthening of EPF's contribution base, supported by steady employment growth, increased voluntary savings, and the use of digital platforms.