The Legislative Council has passed the amendment of the maximum level of relevant income for MPF mandatory contributions. With effect from 1 June, the maximum monthly income will be raised to $25,000, and the maximum contributions will be adjusted to $1,250 per month accordingly.
|
Monthly Income |
Mandatory contributions |
|
|
By employer |
By employee |
|
|
<$6,500 |
5% |
Nil |
|
$6,500–$25,000 |
5% |
5% |
|
>$25,000 |
$1,250 |
$1,250 |
For enquiry, please contact the Payroll and Superannuation Unit of Bursary at 3943 7246.
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