Effective 1 January 2020, the Self-Employment Social Security Scheme has been extended to cover 19 sectors, Malaysia's Social Security Organisation (SOCSO) has announced.
The scheme, introduced in 2017, was initially compulsory for self-employed people working in the passenger transportation sector, i.e. taxi, e-hailing and bus drivers under the provisions of the Self-Employed Social Security Act 2017.
Starting this year (1 January 2020), it will now cover the following sectors:
- Goods and food transport
- Accommodation premises
- Online business
- Information technology
- Data processing
- Professional services
- Support services
- Household services
- Beauty and healthcare
Benefits offered under the Self-Employment Social Security SchemeSome of the key benefits extended to self-employed individuals in these sectors include temporary disablement benefit, medical benefit, constant attendance allowance, education benefit, and more. Detailed information on the full benefits can be found here.
Schedule of contributionsThe following table details the contributions to be made, based on selected insured monthly earnings: