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There's no waiting weeks on a relationship manager to call you back.",[],{"_key":2507,"_type":856,"children":2508,"markDefs":2539,"style":885},"k794",[2509,2513,2517,2522,2526,2530,2535],{"_key":2510,"_type":860,"marks":2511,"text":2512},"k787",[957],"Open a free",{"_key":2514,"_type":860,"marks":2515,"text":2052},"k788",[2516,957],"k776",{"_key":2518,"_type":860,"marks":2519,"text":2521},"k789",[2520,957],"k778","multi-currency business account",{"_key":2523,"_type":860,"marks":2524,"text":2525},"k790",[957]," built for Hong Kong SMEs, or explore how",{"_key":2527,"_type":860,"marks":2528,"text":2052},"k791",[2529,957],"k781",{"_key":2531,"_type":860,"marks":2532,"text":2534},"k792",[2533,957],"k783","Aspire's corporate card",{"_key":2536,"_type":860,"marks":2537,"text":2538},"k793",[957]," fits into your day-to-day spend.",[2540,2541,2542,2544],{"_key":2516,"_type":881,"externalUrl":2389,"linkType":359},{"_key":2520,"_type":881,"externalUrl":2389,"linkType":359},{"_key":2529,"_type":881,"externalUrl":2543,"linkType":359},"https:\u002F\u002Faspireapp.com\u002Fhk\u002Fcorporate-card",{"_key":2533,"_type":881,"externalUrl":2543,"linkType":359},{"_key":2546,"_type":856,"children":2547,"markDefs":2551,"style":960},"k798",[2548],{"_key":2549,"_type":860,"marks":2550,"text":14},"k797",[957],[],{"_key":2553,"_type":856,"children":2554,"markDefs":2559,"style":1013},"k802",[2555],{"_key":2556,"_type":860,"marks":2557,"text":2558},"k801",[957],"When must a new employee be enrolled in MPF?",[],{"_key":2561,"_type":856,"children":2562,"markDefs":2567,"style":885},"k806",[2563],{"_key":2564,"_type":860,"marks":2565,"text":2566},"k805",[],"Within 60 days of their start date, regardless of whether they're on probation. This is a statutory deadline, not a guideline.",[],{"_key":2569,"_type":856,"children":2570,"markDefs":2575,"style":1013},"k810",[2571],{"_key":2572,"_type":860,"marks":2573,"text":2574},"k809",[957],"Is MPF still used to offset severance pay?",[],{"_key":2577,"_type":856,"children":2578,"markDefs":2583,"style":885},"k814",[2579],{"_key":2580,"_type":860,"marks":2581,"text":2582},"k813",[],"No. As of 1 May 2025, the offsetting arrangement was abolished, and severance and long service payments must now be funded entirely in cash, separate from MPF contributions.",[],{"_key":2585,"_type":856,"children":2586,"markDefs":2591,"style":1013},"k818",[2587],{"_key":2588,"_type":860,"marks":2589,"text":2590},"k817",[957],"Are all employees required to join MPF?",[],{"_key":2593,"_type":856,"children":2594,"markDefs":2599,"style":885},"k822",[2595],{"_key":2596,"_type":860,"marks":2597,"text":2598},"k821",[],"Most full-time and part-time employees aged 18 to 64, employed 60 days or more, must be enrolled. Exemptions exist for certain groups, including civil servants, ORSO scheme members with exemption certificates, and some overseas staff on short-term assignments.",[],{"_key":2601,"_type":856,"children":2602,"markDefs":2607,"style":1013},"k826",[2603],{"_key":2604,"_type":860,"marks":2605,"text":2606},"k825",[957],"What happens if an employer fails to make MPF contributions on time?",[],{"_key":2609,"_type":856,"children":2610,"markDefs":2615,"style":885},"k830",[2611],{"_key":2612,"_type":860,"marks":2613,"text":2614},"k829",[],"Late or missed contributions can result in civil and criminal penalties, including fines and potential imprisonment for responsible individuals at the company, in addition to any surcharges applied by the trustee.",[],{"_key":2617,"_type":856,"children":2618,"markDefs":2623,"style":1013},"k834",[2619],{"_key":2620,"_type":860,"marks":2621,"text":2622},"k833",[957],"Do self-employed people need to contribute to MPF?",[],{"_key":2625,"_type":856,"children":2626,"markDefs":2631,"style":885},"k838",[2627],{"_key":2628,"_type":860,"marks":2629,"text":2630},"k837",[],"Yes. Self-employed persons must contribute 5% of their relevant income, subject to the same minimum and maximum income thresholds that apply to employees, and can choose to contribute monthly or annually.",[],{"slug":2633,"title":2634},"incorporation","Incorporation",{"_type":144,"alternativeText":2636,"height":145,"url":2637,"width":147},"Hong Kong MPF Scheme Guide: Rules, Caps & Employer Rules","https:\u002F\u002Fcdn.aspireapp.com\u002Fwebsites\u002Fblog\u002Fa4a8740f921b9d11f245f025f34a6921\u002Fshared-hk-zh-hk-a4a8740f_cover_shared-cover.png",[2639,2646,2654,2660,2668],{"_key":955,"_type":856,"children":2640,"level":1057,"listItem":1058,"markDefs":2645,"style":885},[2641],{"_key":2642,"_type":860,"marks":2643,"text":2644},"k1",[],"Mandatory 5% Match: Employers and employees each contribute 5% of monthly salary into an MPF account.",[],{"_key":2647,"_type":856,"children":2648,"level":1057,"listItem":1058,"markDefs":2653,"style":885},"k5",[2649],{"_key":2650,"_type":860,"marks":2651,"text":2652},"k4",[],"HKD 1,500 Cap: Employee contributions kick in at HKD 7,100\u002Fmonth; mandatory contributions for both sides max out at HKD 30,000\u002Fmonth (a flat HKD 1,500 cap).",[],{"_key":969,"_type":856,"children":2655,"level":1057,"listItem":1058,"markDefs":2659,"style":885},[2656],{"_key":965,"_type":860,"marks":2657,"text":2658},[],"60-Day Rule: New hires must be enrolled within 60 days of starting, even if they are on probation. Late payments carry criminal liability.",[],{"_key":2661,"_type":856,"children":2662,"level":1057,"listItem":1058,"markDefs":2667,"style":885},"k11",[2663],{"_key":2664,"_type":860,"marks":2665,"text":2666},"k10",[],"No More Offsetting: Since May 2025, employers can no longer use MPF funds to offset statutory severance or long service payments.",[],{"_key":2669,"_type":856,"children":2670,"level":1057,"listItem":1058,"markDefs":2674,"style":885},"k14",[2671],{"_key":974,"_type":860,"marks":2672,"text":2673},[],"eMPF Platform: All MPF trustee portals are consolidated into a single digital platform for easier payroll administration.",[],[2676,2682,2688],{"_key":955,"_type":856,"children":2677,"markDefs":2681,"style":885},[2678],{"_key":2642,"_type":860,"marks":2679,"text":2680},[],"MPF stands for Mandatory Provident Fund — Hong Kong's compulsory retirement savings scheme, requiring most employers and employees to contribute a percentage of salary into a private, individually-owned account every month. It's been running since 2000, and if you employ anyone in Hong Kong, it's not optional.",[],{"_key":2647,"_type":856,"children":2683,"markDefs":2687,"style":885},[2684],{"_key":2650,"_type":860,"marks":2685,"text":2686},[],"For a growing business, MPF touches almost every part of the employment relationship: hiring, payroll timing, cash flow planning, and even how severance pay works following a major 2025 rule change.",[],{"_key":969,"_type":856,"children":2689,"markDefs":2693,"style":885},[2690],{"_key":965,"_type":860,"marks":2691,"text":2692},[],"This guide covers what MPF is, who needs to be enrolled, how contributions are calculated, and what's changed recently that every employer needs to know.",[],"2026-08-11T00:00:00.000Z",{"_type":139,"metaDescription":2696,"metaTitle":2636,"socialShareImageUrl":2697},"Master Hong Kong's MPF rules, 5% contribution caps, 60-day enrolment deadlines, and key changes like the 2025 offsetting abolition.",{"_type":144,"alternativeText":2636,"height":145,"url":2637,"width":147},"what-is-mpf",[2700,2707,2713,2719,2725,2731],{"_key":955,"_type":856,"children":2701,"level":1057,"listItem":2705,"markDefs":2706,"style":885},[2702],{"_key":2642,"_type":860,"marks":2703,"text":2704},[],"Mandatory Provident Fund Schemes Authority. \"MPF Coverage.\" mpfa.org.hk\u002Fen\u002Fmpf-system\u002Fmpf-coverage","number",[],{"_key":2647,"_type":856,"children":2708,"level":1057,"listItem":2705,"markDefs":2712,"style":885},[2709],{"_key":2650,"_type":860,"marks":2710,"text":2711},[],"Mandatory Provident Fund Schemes Authority. \"Self-employed Persons.\" mpfa.org.hk\u002Fen\u002Fmpf-system\u002Fmandatory-contributions\u002Fself-employed-persons",[],{"_key":969,"_type":856,"children":2714,"level":1057,"listItem":2705,"markDefs":2718,"style":885},[2715],{"_key":965,"_type":860,"marks":2716,"text":2717},[],"Mandatory Provident Fund Schemes Authority. \"Maximum MPF contributions increase to $1,500 monthly.\" mpfa.org.hk",[],{"_key":2661,"_type":856,"children":2720,"level":1057,"listItem":2705,"markDefs":2724,"style":885},[2721],{"_key":2664,"_type":860,"marks":2722,"text":2723},[],"Mandatory Provident Fund Schemes Authority. \"Arrangements for Offsetting Long Service Payment and Severance Payment.\" mpfa.org.hk",[],{"_key":2669,"_type":856,"children":2726,"level":1057,"listItem":2705,"markDefs":2730,"style":885},[2727],{"_key":974,"_type":860,"marks":2728,"text":2729},[],"Mandatory Provident Fund Schemes Authority. December 2025 Statistical Digest press release. mpfa.org.hk\u002Fen\u002Finfo-centre\u002Fpress-releases\u002F20260304",[],{"_key":2732,"_type":856,"children":2733,"level":1057,"listItem":2705,"markDefs":2738,"style":885},"k17",[2734],{"_key":2735,"_type":860,"marks":2736,"text":2737},"k16",[],"Labour Department, HKSAR. \"Subsidy Scheme for Abolition of MPF Offsetting Arrangement.\" offsettingsubsidy.gov.hk",[],1791455354823]