- Increase in the Maximum Level of Relevant Income for MPF
- May 6, 2014 | Authors: Duncan A. W. Abate; Anita W. C. Lam; Hong Tran
- Law Firm: Mayer Brown JSM - Hong Kong Office
The maximum level of monthly relevant income for Mandatory Provident Fund (MPF) purposes will be increased from HK$25,000 to HK$30,000 with effect from 1 June 2014.
Employees whose monthly relevant income exceeds HK$25,000 (and their employers) will need to pay up to HK$250 more mandatory contributions per month to their MPF schemes after the amendment.
Appropriate adjustments are also made to the maximum limits for self-employed persons (changing from HK$300,000 p.a. to HK$360,000 p.a.).