Enrolling in an MPF scheme

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 and complete a self-certification which includes tax residency (i.e. declaring whether you are a tax resident outside Hong Kong). 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.

Note: The Inland Revenue (Amendment) (No.2) Ordinance 2019 was gazetted on 1 March 2019 and the requirements relating to Automatic Exchange of Financial Account Information (AEOI) apply to MPF schemes starting from 1 January 2020.  For all new MPF accounts open on or after 1 January 2020, the account holder (including employee and self-employed person) is required to complete a self-certification which includes tax residency (i.e. declaring whether he/she is a tax resident outside Hong Kong). The account opening procedures could not be completed by the trustee if the account holder fails to provide the self-certification.