- Failure to enrol in an MPF scheme
Self-employed persons (SEP) aged 18 to 64 fail to open an MPF SEP account under any MPF scheme within 60 days from the day they become self-employed.
- Failure to pay mandatory contributions to MPF trustee on time
SEPs fail to make contributions on or before the contribution day.
SEPs can choose to contribute on a monthly or yearly basis on or before the contribution day. As the financial year of individual MPF schemes may vary, SEPs should inform the MPF trustee their preferred contribution frequency when they first enrol in MPF schemes.
- Failure to notify MPF trustee in writing of the date of cessation of self-employment
After cessation of self-employment, SEPs fail to notify their MPF trustee in writing the date of cessation on or before the next contribution day.
- Failure to notify MPF trustee in writing of changes in personal particulars
SEPs fail to notify their MPF trustee in writing within 30 days of any changes to the following personal particulars:
- residential address
- telephone number
- fax number