For further details on MPF scheme and services, please contact the relevant branches of Bank of China (Hong Kong) or BOCI-Prudential through any of the following means: MPF Application and Product Hotline: +852 2280 8686 MPF Administration Hotline: +852 2929 3030 ...
Bank of Communications (Hong Kong) Co., Ltd. (the “Bank”) is a registered principal intermediary in providing MPF services. The relevant MPF scheme is a product of Bank of Communications Trustee Limited but not the Bank; and In respect of an eligible dispute (as defined in the Terms of...
1. What is an MPF in Hong Kong? 2. What are an employer’s obligations under the Hong Kong MPF scheme? 3. Is MPF taxable in Hong Kong? 4. How to set up an MPF account? 5. Employee obligations under the Hong Kong MPF 6. Are there exemptions under a Hong Kong MPF scheme? 7. ...
MPF Risk Disclosure Statement: Bank of Communications (Hong Kong) Limited (the “Bank”) is a registered principal intermediary in providing MPF services. The relevant MPF scheme is a product of Bank of Communications Trustee Limited but not the Bank; and in respect of an eligible dispute (as...
YF Life Trustees, the smallest of Hong Kong’s MPF trustees, was the first to move to the eMPF Platform, while the largest MPF trustees, including AIA, Manulife and HSBC, will be amongst the last to onboard. Once an MPF scheme has been set up on the eMPF Platform, employer an...
Depending on the type of MPF scheme you select, you may also be able to make tax deductible voluntary contributions to your account.⁷ How to withdraw MPF when leaving Hong Kong Of course, many people will only start to withdraw their MPF funds upon retirement. But what if you’re moving...
For further details on MPF scheme and services, please contact the relevant branches of Bank of China (Hong Kong) or BOCI-Prudential through any of the following means: MPF Application and Product Hotline: +852 2280 8686 MPF Administration Hotline: +852 2929 3030 ...
Investment funds, called MPF schemes, are set up by private companies to invest the savings. All MPF schemes must be established under trust arrangement and governed by Hong Kong law. The trust arrangement means that scheme assets will be held separately from the assets of the trustees or the...
“ESS”), which is estimated to cover 260,000 Hong Kong employers and over 1.5 million employees. While details were not initially released, the Hong Kong government provided greater clarity on this scheme on 18 May 2020 and how ESS will help employers retain their employees who would ...
The Hong Kong government is working out a plan by the end of the year to scrap the current system of allowing employers to make severance and long-service payments from employees' pension funds under the Mandatory Provident Fund (MPF) scheme....