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 has been raised to $30,000, and the maximum contributions have been adjusted to $1,500 per month accordingly.
Monthly Income |
Mandatory contributions |
|
By employer |
By employee |
|
<$7,100 |
5% |
Nil |
$7,100–$30,000 |
5% |
5% |
>$30,000 |
$1,500 |
$1,500 |
For enquiries, please contact the Payroll and Superannuation Unit of Bursary at 3943 7246.