What’s the Penalty for Employers Who Skip MPF Contributions?

How was one employer punished in 2010?

In October 2010, an employer was fined HK$18,000 at Kwun Tong Magistrates’ Courts for failing to make MPF contributions within the statutory deadline between October 2009 and March 2010. Luk Yuen Hotpot Seafood Restaurant and a senior officer, Chan Kin-ngok, were each fined HK$18,000 and ordered to pay HK$150,000 in arrears.

What are an employer’s legal duties?

Employers must contribute for employees within the deadline; defaults are offences punishable on prosecution. Trustees must monitor and report to the MPFA. Workers who spot defaults should complain to the MPFA to protect their retirement money.

How else can members protect their balances?

Beyond ensuring contributions arrive on time, fund choice matters — high fees quietly eat returns. Compare fees and performance at MPF fund comparison.