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Self-employed Person

Enrolling in an MPF scheme


Within 60 days from the day you have become self-employed, you have to choose an MPF trustee to open an MPF SEP account.

Note: If the 60th day of self-employment is a Saturday, a public holiday, a gale warning day or a black rainstorm warning day, the enrollment deadline is extended to end on the next following day which is not a Saturday, a public holiday, a gale warning day or a black rainstorm warning day.

To enrol yourself in an MPF scheme, simply contact the MPF trustee of the scheme you have chosen. You will need to sign a participating agreement and also fill in an application form, indicating your investment portfolio (i.e. the funds you wish to invest your MPF contributions into), relevant income and how often you want to make contributions. You should then return the completed form to your trustee to arrange the setting up of an MPF account for you. If you do not indicate your investment portfolio in the application form, your MPF contributions will be invested according to the Default Investment Strategy ("DIS") by the trustee.

 

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