Mandatory Provident Fund (MPF)


MPF, Employee Choice Arrangement, ConvoyFinancial, Convoy Financial Group

Eligibility

People who are statutorily obliged to enroll in MPF schemes:

Persons who are exempt from joining MPF schemes:

  • People covered by statutory pension or provident fund schemes (such as civil servants and subsidized or grant school teachers);
  • Members of occupational retirement schemes which are granted MPF exemption certificates;
  • People who are covered by overseas retirement schemes or from overseas who enter Hong Kong for employment for less than 13 months;
  • Self-employed hawkers;
  • Employees of the European Union Office of the European Commission in Hong Kong;
  • Domestic employees.

How to arrange a MPF scheme for employees working outside Hong Kong?

The relevant employees of a Hong Kong company working outside Hong Kong temporarily or for a limited period of time are covered by the MPF system.

 Responsibility:
 Employer
  • Must enrol all the relevant employees in MPF schemes.
  • In the construction or catering industries, an employer must also enrol casual employees in MPF schemes.
 Self-employed Person
  • A self-employed person must enrol in a MPF scheme within the first 60 days.

 

More Information About:
MPF Contributions

Vesting and Tax Concessions



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