Increase Of Minimum And Maximum Relevant Income Levels For MPF Contributions

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The Hong Kong Government presented to the Legislative Council yesterday the proposal to increase the minimum and maximum relevant income levels for MPF contributions.
Hong Kong Employment and HR

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:

  1. The minimum relevant income would be raised from $5,000 to $6,500 per month with effect from 1 November 2011;
  2. 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 link below:
http://www.info.gov.hk/gia/general/201106/14/P201106140190.htm

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This article provides information and comments on legal issues and developments of interest. The foregoing is not a comprehensive treatment of the subject matter covered and is not intended to provide legal advice. Readers should seek specific legal advice before taking any action with respect to the matters discussed herein. Please also read the JSM legal publications Disclaimer.

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