Originally published on 15 June 2011
Keywords: income levels, MPF contributions, minimum relevant income
The Hong Kong Government presented to the Legislative Council yesterday the proposal to increase the minimum and maximum relevant income levels for MPF contributions, details of which are:
- The minimum relevant income would be raised from $5,000 to $6,500 per month with effect from 1 November 2011;
- The maximum relevant income would be increased from $20,000 to $25,000 per month with effect from 1 June 2012.
An additional 180,090 employees and self-employed persons would be excluded for making mandatory contributions under the former adjustment, while 514,000 employees and self-employed persons would be required to make additional mandatory contributions.
To view the Government's press release, please click the
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