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Guidelines I.2 MANDATORY PROVIDENT FUND SCHEMES AUTHORITY I.2 Guidelines on Application for Registration of Provident Fund Schemes INTRODUCTION Section 21 of the Mandatory Provident Fund Schemes Ordinance
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How to fill out mandatory provident fund schemes
How to fill out mandatory provident fund schemes:
01
Obtain the necessary forms from the designated authority or your employer.
02
Provide accurate personal information such as your full name, date of birth, and contact details.
03
Fill out the section for employment details, including your job title, employment period, and salary information.
04
Declare any existing MPF accounts you may have and indicate if you wish to transfer the funds.
05
Nominate your beneficiaries by providing their full names and relevant details.
06
Sign and date the form, ensuring all information is correct and complete.
07
Submit the filled-out form to the designated authority or your employer within the specified timeline.
Who needs mandatory provident fund schemes:
01
Employees in Hong Kong aged 18 to 65 are required by law to have mandatory provident fund schemes.
02
As an employer, it is your responsibility to enroll eligible employees into an MPF scheme within the first 60 days of their employment.
03
Self-employed individuals who do not have an employment relationship but meet the age criteria are also eligible to participate in an MPF scheme.
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What is mandatory provident fund schemes?
Mandatory provident fund schemes are retirement savings plans established in Hong Kong to help employees save for their retirement.
Who is required to file mandatory provident fund schemes?
Employers in Hong Kong are required to file mandatory provident fund schemes for their employees.
How to fill out mandatory provident fund schemes?
Employers can fill out mandatory provident fund schemes through online platforms provided by the Mandatory Provident Fund Schemes Authority.
What is the purpose of mandatory provident fund schemes?
The purpose of mandatory provident fund schemes is to ensure employees have a source of retirement savings to support them after they stop working.
What information must be reported on mandatory provident fund schemes?
Information such as employees' contributions, employers' contributions, and investment details must be reported on mandatory provident fund schemes.
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