Employers and employees are each required to make regular mandatory contributions to an employee’s MPF scheme. The MPF employee contribution andMPF employer contributionshould each be 5% of the employee’s relevant income, subject to relevant income levels. For a monthly-paid employee, the minimum ...
Employer’s contribution: HK$10,000*5%=HK$500; Employee’s contribution: HK$10,000*5%=HK$500 Employed for 60 days sharp: April 24th is the day when the employee has been employed for 60 days, so the MPF contribution on April shall be calculated as follows, Employer’s con...
This MPF contribution process will repeat itself throughout your working life (normally until you reach 65). You will be able to withdraw the money in your MPF account when you reach 65 years old.Who should contribute? 18-65 age Full-Time or Part-time Employed for 60 days + For em...
With ahuman resources systemsuch as Backstage, the employee join date can be recorded systemically and the employee first MPF contribution dates can also be automatically calculated Take a look at Backstage HR System Reference on MPFA website regarding enrollment of new members: ...
i.) employed on a day-to-day basis or for fixed period less than 60 days; and ii.) engaged in the construction or catering industry i.) The minimum level of relevant monthly income of MPF contribution is 280 HKD per day or 7,100 HKD per month. In this case, only the employee is...
You and your employees are required to contribute to the MPF, subject to a minimum of 5% of the relevant income of the employee, and also the minimum and maximum level of relevant income of $7,100 and $30,000 respectively. Monthly Relevant Income Amount of Mandatory MPF Contributions Payable...
This refers to the additional contribution that can be made on top of the mandatory contribution. Voluntary contributions differ from mandatory contributions in that: They can be withdrawn by the employee upon leaving a job. The withdrawals are subject to limits based on the scheme's vesting scale...
(強積金)行業計劃 Remittance Statement 付款結算書 (For Regular Employee Only 只適用於一般僱員 ) Contribution Due Date 供款到期日 Within the first 10 days of the month following the payroll 糧期完結後翌月之首 10 天內 Name of Plan 計劃名稱 : BCT (MPF) Industry Choice BCT(強積金)行業計劃 ...
BEA (MPF) Industry Scheme - Employer – Remittance Statement / Contribution Form (Daily-Rated Casual Employee) (TR199 (07/2014)) Industry Scheme New Contribution Calculation Method and Scale The Legislative Council has passed an amendment of the maximum level of relevant income for Mandatory ...
The following should be applied to each of the employer's or employee's contribution, if you DO NOT make a choice of investment funds, or the total investment allocation exceeds 100%, or the investment allocation is not in a multiple of 10%, or not legible and we are unable to process...