The MPF is a fully funded contribution system that was launched in 2000 and is mandatory for those who wish to retire in Hong Kong. The system is privately managed. Master Trust Schemes is one of the most commonMPF schemes.These accounts can be opened by employers, employees, self-employed ...
We’ll cover how MPF schemes work, including the MPF Hong Kong calculation for contribution levels, and some of the ins and outs of the MPF for foreigners.
+Tax Deductible Voluntary Contribution (TVC) can only be paid or transferred into a TVC account, which is separate from a contribution account or a personal account. Transfer of TVC must be in a lump sum (full account balance), transfer in part will not be accepted. Meanwhile, transfer of...
Personal Account Self-employed Account Tax Deductible Voluntary Contribution Account Account Opening Appointment Form (MPF) Remarks: Anti-fraud tips: Please be aware of possible scam calls falsely claiming as MPF registered intermediaries. When in doubt, please call our service hotline 223 95559. Bank...
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9 RegisterLog in Sign up with one click: Facebook Twitter Google Share on Facebook factor (redirected fromMPF) Thesaurus Medical Legal Financial Acronyms Encyclopedia Wikipedia factor- (word root) maker, doer Examples of words with the root factor-:benefactor ...
Employers are also required to make MPF contributions for part-time workers, but the contribution amounts and practices are slightly different from that for full-time workers. There are two ways of paying part-time employees' MPF contributions in the employer's contribution part, namely, the ...
Latest fund information Account consolidation BCT helps you consolidate MPF accounts all at once Act now Tax-Deductible Voluntary Contribution (TVC) Save up toHK$10,200 tax! Register now Employee Platform Start my eJounery Latest News 08 Nov 2024 ...
Launched in December 2000, MPF is simply a retirement investment plan which makes saving compulsory, to ensure that most Hong Kongers will have money put by for the future. Or to give it its official description - a mandatory, privately managed, fully funded contribution scheme. Bit by bit,...
Contribution 供款 Q1. I have joined my company for more than two months now. When should my employer make the first MPF contributions for me? 我加入這家公司兩個多月了,僱主應在何時為我作出首次強積金供款呢? Q2. If I work as a private tutor, do I have to contribute to the MPF?