MPF is not a “bonus” from your employer — it’s a legal obligation for both parties. Here’s a clear breakdown of who pays what.
🏢 Employer responsibilities:
• Enrol all eligible employees in an MPF scheme (within 60 days of joining)
• Contribute 5% of the employee’s monthly income, capped at HK$1,500
• Select and register employees under an MPF scheme (or use the MPFA’s master trust scheme)
• Report employee income accurately to the MPF trustee
💼 Employee responsibilities:
• Complete MPF enrolment paperwork with your employer
• Allow 5% of monthly salary to be deducted as your contribution (minimum HK$300)
• Optionally make TVC (tax-deductible voluntary contributions) on top of mandatory contributions
💰 Real numbers:
For an employee earning HK$25,000/month: employee contributes HK$1,250/month, employer contributes HK$1,250/month. That’s HK$2,500/month, or HK$30,000/year. Over 30 years of working, mandatory contributions alone exceed HK$900,000 — before any investment returns.
⚠️ What if employers don’t comply?
The MPFA can impose fines and surcharge interest on late contributions. Serious non-compliance can result in fines up to HK$500,000 and imprisonment.