Information Centre

As a newly established entrepreneur, you will undoubtedly be brimming with passion and enthusiasm to bring your business vision to life. As a responsible employer, one of your first priorities is to make MPF contributions for your employees. Here are some basic guidelines covering the essential basics of MPF for new business owners. 

Point 1: Selecting an MPF scheme

The first step is to select an MPF scheme for your employees. In addition to consulting your employees about their preferences, employers also need to compare the fund types offered by each MPF scheme, as well as fees and charges and services to be provided by trustees. Information of fund types, fees and charges can be viewed on the MPF Fund Platform in the MPFA’s website. Employers may also make reference to the MPFA’s public registers which covers key investment points and fund fact sheets of different MPF schemes to help you easily understand the features of the different schemes. 

As a good employer who cares about your employees' retirement protection, you can offer more than one MPF scheme for your employees to choose from, and help them select the MPF scheme and funds that best meet their personal needs.

Point 2: Enrolling employees in an MPF Scheme

After registering your company in an MPF scheme, the next step is to enrol your employees in an MPF scheme. Except for exempt persons, you must enrol all full-time and part-time employees aged between18 and 64 in an MPF scheme within the first 60 days of their employment. 

*Tip: The following individuals are exempt and do not need to join an MPF scheme:

• Employees and self-employed persons under 18 or aged 65 and above
• Domestic employees
• Self-employed hawkers
• People covered by statutory pension schemes or provident fund schemes, such as civil servants and subsidized or grant school teachers
• Members of occupational retirement schemes which have been granted MPF exemption certificates
• Persons who enter Hong Kong under section 11 of the Immigration Ordinance for the purpose of employment (1) for not more than 13 months or (2) who are members of a retirement scheme of a place outside Hong Kong
• Employees of the European Union Office of the European Commission in Hong Kong

Point 3: The 10th day of each month is the contribution day

Generally, the 10th day of each month is the contribution day. As a responsible employer, please remember to make mandatory contributions for the previous month or pay period on or before the contribution day.

To guarantee timely submissions and prevent inadvertent late payments, the eMPF platform (the eMPF), which has commenced operation last June, provides contribution due date reminders. Once your MPF scheme is onboarded to the eMPF, it will provide regular reminders to ensure you make contributions on time.

*Tip: If the contribution day falls on a Saturday, public holiday or gale/black rainstorm warning day, what should be done?

• The contribution day will be extended to the next working day that is not a Saturday, public holiday or gale/black rainstorm warning day.

Point 4: Providing contribution records

Employers must provide each employee with a monthly pay record within seven working days after making mandatory contributions. The pay record must include the employee’s relevant income, the employer and employee contribution amounts (including mandatory and voluntary contributions), and the date on which the contributions were paid to the trustee.