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SOCSO, which stands for Social Security Organization, or commonly known as iPERKESO, is an organization program in Malaysia for the benefit of all employees. This program which is run under the Ministry of Human Rights ensures that all workers or employees in Malaysia are provided social security protection. If you’re a business owner or a company owner in Malaysia, you are, required by law, to register for the SOCSO and make monthly contributions towards the fund.
At this point, you may be wondering just how you may go about the registration process? Not to worry! Here at S & F Consulting, we’ve provided an extensive guideline on what the process entails and how you may register for it. As officially recognized agents in Malaysia, we pride ourselves on being able to provide you with the absolute best service at all times.
Before registering for SOCSO, it is best to fully understand which wage categories are entitled for SOCSO, below are the compulsory wages SOCSO is applied to:
For all clarification purposes, the wages listed below are NOT applicable for SOCSO:
Now that the wages that are applicable to SOCSO have been established, we may move on to the actual registration process. It is to be noted that is mandatory for all employers to have registered for the SOCSO fund within 30 days of employing their first batch of staff.
The first step in registering for SOCSO is to fill in the following forms:
It should be noted that form 1 requires two copies of the following supplementary documents to be submitted along with it:
Afterward, the employer may submit all completed forms to the SOCSO office closest to them and the successful applicant will be issued an Employer’s Code Number.
Another article for SOCSO contributor in Malaysia: SOCSO Contribution chart: Table & Rates
When it comes to making the payments of SOCSO, employers should ensure that payments are made monthly and that any discrepancies will have repercussions in terms of fines. SOCSO can be paid to the following banks:
It should be noted that payments can also be made at any SOCSO office.
To conclude, SOCSO is a program run under the Ministry of Human Rights that ensures that social security protection is provided to all employees. This program is funded by the employer and is a mandatory contribution. If you’re having any difficulties with the application or registration process, don’t panic. Instead, simply contact us at S & F Consulting, where, as official agents in Malaysia, we can register for this fund on your behalf.
So, you may sit back and enjoy a stress-free journey. In the meantime, if you have any doubts or queries, do feel free to direct them to our friendly customer service support staff who will be more than happy to provide you with answers and advice.
Frequently Asked Questions
Is it compulsory to register for SOCSO?
Yes, it is required by the law.
What will happen if I don’t register for SOCSO?
Employers who fail to register for SOCSO are subject to the following punishment:
What happens if an employee no longer works for me?
If you have dismissed an employee or your employee has resigned, the employer has to clarify with the SOCSO office, in order to remove the employee from the fund list.