MPF System

Enrolment and Termination

Enrolment for Self-employed Persons
Except for exempt persons, self-employed persons (SEPs) aged 18 to 64 are required to enrol themselves in an MPF scheme and open an SEP account within the first 60 days of becoming self-employed.
 

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)#.

 

# Only applicable to the MPF trustees and their schemes have got onboard to the eMPF Platform

 

Enrolment procedure

 

  • SEPs are free to choose their own MPF schemes
  • Directly contact the trustees* of their chosen schemes to set up their SEP accounts
  • Sign a participating agreement
  • 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 trustee* 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 trustee* 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 trustee* 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

 



* MPF trustees and their schemes will get onboard the eMPF Platform in sequence one by one. When the scheme has got onboard to the Platform, eMPF Company will utilize the eMPF Platform to perform the administration of the scheme, provide scheme administration services to employer, scheme member and self-employed person and handle the service instructions. From then on, employer, scheme member and self-employed person can manage your MPF on the eMPF Platform and should no longer submit service instructions to MPF trustee; the eMPF Platform will provide the relevant information and/or documents to you directly. Please visit eMPF Website (www.empf.org.hk) for the onboarding timeline of MPF scheme(s) and the relevant information.

Failure to enrol in an MPF scheme

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.