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Why is MPF important to you?

Why is MPF important to you?

The Mandatory Provident Fund (“MPF”) System aims to assist the Hong Kong’s working population in accumulating retirement savings by making regular contributions. Except certain exempt persons stipulated in the Mandatory Provident Fund Schemes Ordinance, employees (full time or part-time) and self-employed persons (“SEP”) aged 18 to 64 are required to participate in an MPF Scheme. To enroll in the Scheme, please submit the completed application/enrolment form to us. The Member Enrolment Form and Self-employed Person Application Form can be downloaded via:
 

Member Enrolment Form

Self-employed Application Form
 

If you have any enquiry about membership enrolment, please contact your MPF intermediary or Sun Life Pension Services Hotline at (852) 3183 1888.

Retirement planning calculator

To assist you plan for retirement, Mandatory Provident Fund Schemes Authority (“MPFA”) offers you the Retirement Planning Calculator to project if the MPF benefits and other retirement savings you will have at the age of 65 will meet your anticipated retirement needs, based on certain assumptions, including hypothetical data input by you. It allows calculation of:

(i) your retirement needs;

(ii) your projected MPF and other retirement savings upon your retirement; and
(iii) how much you need to save to meet your retirement needs.

 

Calculate now

If you are an employer, you are required to perform duties relating to MPF, including joining an MPF scheme after the establishment of a company, enrolling employees in an MPF scheme upon employment, making contributions for employees on time during their employment and notify trustees when employees cease employment. If you have any questions relating to MPF obligations as employers, please contact your MPF intermediary or Sun Life Pension Services Hotline at (852) 3183 1888. To become a participating employer of the Scheme, please submit the completed Employer Application Form to us. The Employer Application Form can be downloaded via:

Employer Application Form