The maximum level of monthly relevant income for Mandatory Provident Fund (MPF) purposes is increasing from HK$25,000 to HK$30,000 with effect from 1 June 2014.
Employees whose monthly relevant income is HK$30,000 or higher will need to pay HK$250 extra per month in mandatory contributions by deduction from salary (and their employers will also have to pay the same higher amount).
Adjustments are also being made to the maximum limits for self-employed persons (increasing from HK$300,000 p.a. to HK$360,000 p.a.).
***
Primasia will post the updates of Hong Kong and China from time to time. Follow us on our Website/ Blogger/ LinkedIn and stay tunned for our updates!
Employees whose monthly relevant income is HK$30,000 or higher will need to pay HK$250 extra per month in mandatory contributions by deduction from salary (and their employers will also have to pay the same higher amount).
Adjustments are also being made to the maximum limits for self-employed persons (increasing from HK$300,000 p.a. to HK$360,000 p.a.).
***
Primasia will post the updates of Hong Kong and China from time to time. Follow us on our Website/ Blogger/ LinkedIn and stay tunned for our updates!
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Need more information?
Please contact:
John Barclay -Email
Teresa Tam - Email
--------------------------
Follow us on:
Website: Primasia HK / Primasia China
LinkedIn: Primasia
--------------------------
Primasia Corporate Services Limited
Tel: +852 2882 2088
Suite 1106-08, 11/F., Tai Yau Building, No. 181 Johnston Road, Wanchai, Hong Kong
Please contact:
John Barclay -Email
Teresa Tam - Email
--------------------------
Follow us on:
Website: Primasia HK / Primasia China
LinkedIn: Primasia
--------------------------
Primasia Corporate Services Limited
Tel: +852 2882 2088
Suite 1106-08, 11/F., Tai Yau Building, No. 181 Johnston Road, Wanchai, Hong Kong
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