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Tel No. 2292 1156 Fa x N o. : 2259 8826 Our Ref. MFA/S/TR/71/2 Pt 1 Your Ref. SU/CTR/2012/001 485 2 0 0 6 7 6 E F / C T R / 2 0 0 6 / 0 0 1

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How to Fill Out How to Open MPF:

01

Gather necessary documents: Before you can proceed with opening an MPF (Mandatory Provident Fund) account, you will need to gather certain documents. These typically include your identification documents such as your Hong Kong Identity Card or passport, proof of address, and bank account details.

02

Choose an MPF provider: In Hong Kong, there are various MPF providers to choose from. Research the different providers and compare their fees, investment options, and customer reviews. Select the provider that best suits your needs and preferences.

03

Complete the application form: Once you have chosen an MPF provider, you will need to obtain their application form. Fill out the form accurately and provide all the necessary information. Make sure to double-check your entries for errors before submitting it.

04

Attach supporting documents: Along with the application form, you will need to attach the required supporting documents. These may include photocopies of your identification documents, address proof, and bank account details. Ensure that all copies are clear and legible.

05

Submit the application: After completing the application form and attaching the necessary documents, submit your application to the chosen MPF provider. This can typically be done in person at their office or through their online platform. Follow their instructions for submission carefully.

06

Await confirmation and account details: After submitting your application, you will need to wait for confirmation from the MPF provider. They will provide you with your MPF account details, such as your account number and login credentials. Keep this information safe as you will need it for future access to your account.

Who Needs to Open MPF?

01

Employees in Hong Kong: MPF is a mandatory retirement savings scheme in Hong Kong. Therefore, all employees, regardless of nationality or position, are required to open an MPF account if they are aged between 18 and 65 and receive relevant income.

02

Self-employed individuals: Self-employed individuals in Hong Kong are also encouraged to open an MPF account to save for their retirement. While it is not mandatory, having an MPF account provides a way to secure financial stability for the future.

03

Employers: Employers in Hong Kong have the responsibility to enroll their eligible employees into an MPF scheme and make mandatory contributions on their behalf. Therefore, employers need to understand the process of opening MPF accounts to ensure compliance with the regulations set by the Mandatory Provident Fund Schemes Authority (MPFA).

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What is how to open mpf?

MPF stands for Mandatory Provident Fund, which is a compulsory retirement savings scheme in Hong Kong.

Who is required to file how to open mpf?

Employers in Hong Kong are required to enroll their employees in an MPF scheme and make contributions on their behalf.

How to fill out how to open mpf?

Employers need to complete the necessary forms provided by the MPF scheme provider and submit them along with the required contributions.

What is the purpose of how to open mpf?

The purpose of MPF is to help employees save for retirement and ensure financial security in their old age.

What information must be reported on how to open mpf?

Employers need to report the personal and employment details of their employees, as well as the amount of contributions made.

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