Mandatory Provident Fund(MPF) for your Retirement Protection
Does the MPF System _______ anything to do with me?
The MPF System ________ all members of the workforce in Honk Kong.______
your employer and _______ will have to make monthly contributions ________ that when you retire, you will receive a _______ of money from the scheme.
________ will be my contributions each month?
the statutory minimum contribution ________ 5% of your cash income. Your employer ______ have to make the same ________ of contribution to your account.
My income is not that high. Can I be _____ from joining the MPF scheme?
If your income is ______ than the stipulated minimum level of income($4000 per month), you will not have to _______. However, your employer must make arrangements _______ you to _______ a registered MPF scheme and contribute an amount equivalent _______ 5% of your cash income to your account. You can choose to contribute on a voluntary ______, though.
Will I _______ rejected by any scheme trustee because of low income?
The MPF legislation has a 'no-rejection' provision, _______ stipulates that no MPF trustee can turn ______ an application on the ground of income level.
_______ there any upper limit for making contributions?
________ statutory maximum level of income for contribution purpose is $20000 per month. Even _______ you earn more than $20000, you and your employer will ______ be required to contribute $1000 only i.e., 5% of $20000.
Please call Mandatory Provident Fund Office on 25290155 ______ more information.