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Retirement saving
Employees' Provident Fund (EPF)
Sri Lanka's principal social-security savings scheme for private and semi-government employees.
Good fit when
- Eligible private and semi-government employees
- Members tracking employer and employee contributions
Watch-outs
- Withdrawals and claims are rule-bound
- Accurate NIC and employment records are important
- Contribution receipt should be monitored
Current published cost/contribution: Current official contribution: employee 8% and employer 12% of relevant monthly earnings.
Eligibility and full comparison
Eligibility snapshot
- Employee membership under the EPF Act and current Department of Labour/Central Bank process
May not suit
- People treating retirement savings as an on-demand account
Benefits
- Current official FAQ states 8% employee plus 12% employer contribution
- Retirement benefit and member statements
- Housing-loan related benefit is available under separate rules
Verify on official website ↗EPF Department, Central Bank of Sri Lanka · reviewed 24 Aug 2026