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
Employers are required to contribute to SOCSO for their employees according to the SOCSO Contribution Table & Rates as determined by the Employees' Social Security Act 1969 (Act 4). Employers will pay 1.75% while the employees will contribute 0.5% of their wages for the Employment Injury Insurance Scheme and the Invalidity Pension Scheme.
SOCSO Contribution Rate and Table:
[Note]:
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.
Source:
https://www.perkeso.gov.my/en/rate-of-contribution.html
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.