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Annex to V.2FORM MANDATORY PROVIDENT FUND SCHEMES ORDINANCE (CAP 485) (the Ordinance)APPLICATION FOR EXEMPTION OF TORSO REGISTERED SCHEME Section 16 of the Mandatory Provident Fund Schemes (Exemption)
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How to fill out mandatory provident fund schemes

01
Contact your employer to check if they offer a mandatory provident fund scheme
02
Obtain the necessary forms from your employer or the MPF provider
03
Fill out the forms with your personal information, including your name, contact details, and employment details
04
Decide on the contribution amount you want to make, taking into account any minimum requirements set by the scheme
05
Provide your bank account information for contributions to be deducted from your salary
06
Submit the completed forms to your employer or the MPF provider for processing

Who needs mandatory provident fund schemes?

01
Employees working in Hong Kong are required by law to participate in a mandatory provident fund scheme
02
Self-employed individuals can also choose to contribute to a voluntary MPF scheme to save for retirement
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The mandatory provident fund schemes are retirement savings plans that require both employees and employers in Hong Kong to contribute a portion of their income to a dedicated fund.
Employers in Hong Kong are required to file mandatory provident fund schemes for their employees.
Employers need to provide details of their employees' contributions, salaries, and other relevant information to the Mandatory Provident Fund Schemes Authority.
The purpose of mandatory provident fund schemes is to ensure that employees have adequate retirement savings to support themselves after they retire.
Information such as employee contributions, employer contributions, salaries, and other relevant details must be reported on mandatory provident fund schemes.
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