- MPFA
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MPF System
- Background
- Types of MPF Schemes
- MPF Coverage
- Enrolment and Termination
- Mandatory Contributions
- Voluntary Contributions / Tax Deductible Voluntary Contributions
- MPF Tax Matters
- MPF Account Management
- Withdrawal of MPF
- Arrangements for Offsetting Long Service Payment and Severance Payment
- Anniversaries of MPF System
- MPF Investment
- ORSO
- Supervision
- Enforcement
- eMPF Platform
MPF System
Enrolment and Termination
- Your Position
- Homepage
- MPF System
- Enrolment and Termination
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The 60-day period, starting from the first day of self-employment, is counted by calendar days (including holidays) instead of working days.
If the 60th day of self-employment is a Saturday, a public holiday, a gale/black rainstorm warning day or a day on which the eMPF Platform is suspended (and the suspension affects the performance of the relevant duty of a self-employed person) , the enrolment deadline is extended to the next day which is not a Saturday, a public holiday, a gale/black rainstorm warning day or a day on which the eMPF Platform is suspended (and the suspension affects the performance of the relevant duty of a self-employed person).
Enrolment procedure
- SEPs are free to choose their own MPF schemes
- Directly contact the eMPF Platform to set up their SEP accounts
- Sign a participating agreement
- Enrol via the eMPF Platform, or fill in an enrolment form indicating their choice of MPF funds, relevant income, and contribution frequency (monthly or annually)
- Complete a tax residency self-certification (i.e. declaration on whether the SEP is a tax resident outside Hong Kong)
- Return the completed form to the eMPF Platform to set up an account
If an SEP does not provide any fund choice in the form, the contributions will be invested according to the Default Investment Strategy (DIS).
If an SEP fails to provide the tax residency self-certification, the eMPF Platform will not be able to complete the account opening procedure.
Notice of participation
After an SEP has been accepted as a member of an MPF scheme, the eMPF Platform will issue a notice of participation to the member.
The notice will include:
- name of the MPF scheme in which the member is enrolled
- name and address of the trustee
- name of the scheme member
- issue date of the notice
If an SEP fails to enrol in an MPF scheme on time, the SEP is liable to a maximum fine of $50,000 and imprisonment for six months.
