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Amendment of Maximum Level of Relevant Income for MPF Mandatory Contributions to HKD25,000
30 April 2012
The Legislative Council has passed the amendment of the maximum level of relevant income for MPF mandatory contributions, effective 1 June 2012. For monthly-paid regular employees, the maximum level of relevant income has been amended from HKD20,000 to HKD25,000 monthly. The maximum mandatory contributions will be adjusted from HKD1,000 to HKD1,250 monthly accordingly.
For self-employed persons, the maximum level of relevant income has been amended from HKD20,000 to HKD25,000 monthly and from HKD240,000 to HKD300,000 yearly. The maximum mandatory contributions will be adjusted from HKD1,000 to HKD1,250 monthly or from HKD12,000 to HKD15,000 yearly accordingly.
For the contribution periods starting on or after the effective date, employers and self-employed persons should make appropriate adjustments to the mandatory contributions according to the new maximum level of relevant income.
For details, please visit the Mandatory Provident Fund Schemes Authority's website.
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- The information contained in this section should not be relied upon as a substitute for professional advice in individual cases. Future changes in legislation, tax level, and practice could affect the information in this site.
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- Information sourced from Mandatory Provident Fund Schemes Authority.
