KUALA LUMPUR, Oct. 1 -- Have you always wanted to save more for your retirement but somehow end up spending it up every month? Or maybe it's more convenient to have money automatically deducted from your salary into your Employees Provident Fund (EPF) account.

The answer may lie in EPF's Voluntary Excess (VE), which is where Malaysians can contribute more than is legally required from their salaries into their retirement savings.

Option One: Voluntary Excess (VE)

Under Malaysian law, 11 per cent of your monthly salary must be deducted and contributed to your EPF savings, while your employer must contribute 12 or 13 per cent of your salary, depending on whether it is above or below RM5,000.

EPF's Relationship & Advisory (RA) adviser Mo...