Does Retrenchment Benefit Attract Epf?

retrenchment, lay-off or termination benefits; any travelling allowance or the value of any travelling concession; or. any other remuneration or payment as may be exempted by the Minister.

What attracts EPF contribution?

In general, all monetary payments that are meant to be wages are subject to EPF contribution. ... Payments for unutilized annual or medical leave. Bonuses. Allowances (except a few, see below)

Which allowance is not subject to EPF?

Wages NOT subject to EPF contribution:

Any money or payment either in the form of a service charge, a service fee, a tip or other payments which has been paid by, charged on, collected from or voluntarily given by a customer or any other person (who is not the employer) with respect to the employer's business.