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Annex C to V.6FORM OITIMANDATORY PROVIDENT FUND SCHEMES ORDINANCE (CAP. 485) (the Ordinance)APPLICATION FOR APPROVAL OF APPOINTMENT OF TRUSTEE (for applicant who is a natural person)NOTES: (1)The
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Who needs cap 485 mandatory provident?

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Employees in Hong Kong who are not covered by a retirement scheme are required to participate in cap 485 mandatory provident.
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Cap 485 refers to the Mandatory Provident Fund Schemes Ordinance in Hong Kong, which requires both employers and employees to make mandatory contributions to a registered MPF scheme.
Both employers and employees in Hong Kong are required to file cap 485 mandatory provident.
Employers need to make contributions on behalf of their employees and report the details to the MPF trustee. Employees can also make voluntary contributions.
The purpose of cap 485 mandatory provident is to provide retirement protection for employees in Hong Kong.
Information such as employee wages, contributions made by employers, and details of the MPF scheme being used must be reported.
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