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  • Form Int-7 Mandatory Provident Fund Schemes Authority (mpfa) Notification Of Change Of Information

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FORM INT-7 MANDATORY PROVIDENT FUND SCHEMES AUTHORITY (MPFA) Notification of Change of Information by a Subsidiary Intermediary Form INT-7 SI-Change Particulars Name of Subsidiary Intermediary: MPF.

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Employers are required to contribute 5% of their employees' income to the MPF, even if the employee is earning less than HK$7,100 per month. The maximum employers' contribution is HK$1,500 for employees earning more than HK$30,000 per month. Employees can also voluntarily contribute more than the required 5%.

Exempt Persons employees and self-employed persons who are under 18 or over 65 years of age. domestic employees. self-employed hawkers. people covered by statutory pension or provident fund schemes, such as civil servants and subsidized or grant school teachers.

The mandatory provident fund, or MPF, in Hong Kong is a structured savings scheme designed to provide retirement savings for employed and self-employed Hong Kong citizens. In most cases, participation is mandatory for employers and employees.

Employers and employees are each required to make regular mandatory contributions to an employee's MPF scheme. The MPF employee contribution and MPF employer contribution should each be 5% of the employee's relevant income, subject to relevant income levels.

Employers are required to contribute 5% of their employees' income to the MPF, even if the employee is earning less than HK$7,100 per month. The maximum employers' contribution is HK$1,500 for employees earning more than HK$30,000 per month. Employees can also voluntarily contribute more than the required 5%.

The Mandatory Provident Fund Schemes Ordinance (MPFSO) makes it compulsory for all employees in Hong Kong to join the Scheme with the exception of those who have already joined a pension scheme that is qualified for exemption under the Ordinance.

ing to PwC's study, major shortcomings include the large amount of paper-based transactions, a one-size-fits-all approach and low levels of engagement among members. Lower and higher income earners are discouraged from increasing their MPF investment because of a lack of incentives, such as limited tax breaks.

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© Copyright 1997-2025
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232