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Mandatory provident fund Principal MPH simple plan offering document Exclusive Distributor Principal MPH Simple Plan exclusively distributed by AXA Trustee & Sponsor Exclusive Distributor Principal
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How to fill out mandatory provident fund

How to fill out mandatory provident fund:
01
Determine if you are eligible for the mandatory provident fund (MPF) scheme. In general, all employees aged 18 to 64 who have been employed for at least 60 days are required to join the MPF scheme.
02
Obtain the necessary MPF enrollment forms from your employer or download them from the official MPF website.
03
Fill out the personal information section of the enrollment form, including your name, address, date of birth, and identification number.
04
Provide details of your employment, such as your job title, start date, and monthly income. You may also need to provide information about any previous MPF accounts you hold.
05
Choose your MPF contribution rate. You can choose to contribute a percentage of your relevant income, subject to certain limits. Consider your financial circumstances and retirement goals while deciding on the contribution rate.
06
Specify your investment options. The MPF scheme offers a range of investment funds, and you can choose how your contributions will be invested. You may seek financial advice or review the fund performance to make an informed decision.
07
Review and double-check all the information you have provided on the enrollment form to ensure accuracy.
08
Sign and date the form, and submit it to your employer who will process the enrollment and arrange for the deductions to be made from your salary.
Who needs mandatory provident fund:
01
Employees: All employees in Hong Kong, whether permanent, temporary, full-time, part-time, or on a casual basis, are required to participate in the mandatory provident fund scheme.
02
Self-employed individuals: Self-employed individuals who have not reached the age of 65 and are not exempted by regulations have an obligation to join the MPF scheme.
03
Employees of exempted employment: There are certain categories of employees, such as civil servants, who are exempted from the mandatory provident fund scheme due to the availability of alternative retirement schemes.
04
Non-local employees: Non-local employees who are granted employment visas and work permits in Hong Kong are also required to participate in the MPF scheme unless they are specifically exempted.
05
Part-time employees: Even if you are employed on a part-time basis or have multiple part-time jobs, you are still required to join the MPF scheme if you meet the eligibility criteria.
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What is mandatory provident fund?
The Mandatory Provident Fund is a compulsory retirement savings scheme in Hong Kong.
Who is required to file mandatory provident fund?
All employers and employees in Hong Kong are required to contribute to the Mandatory Provident Fund.
How to fill out mandatory provident fund?
Employers are required to make contributions on behalf of their employees to their respective MPF accounts.
What is the purpose of mandatory provident fund?
The purpose of the Mandatory Provident Fund is to provide financial security for retirement.
What information must be reported on mandatory provident fund?
Employers must report employee salaries, contributions, and other relevant information to the MPF providers.
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