Information Centre
FAQ
Fees in relation to MPF Intermediaries
General
Description
|
Fee Level
|
---|---|
For registration as a PI
|
$2,340
|
For registration as an SI
|
$290
|
For approval of attachment of an SI to a PI
|
$130
|
For approval as a RO
|
$660
|
Annual fee payable by a PI
|
$1,430
|
Annual fee payable by an SI
|
$180
|
Questions relating to annual fee
For intermediaries registered before 1 January 2018, their chargeable period for 2018 is from 1 January to 31 December 2018 and the subsequent chargeable periods are each calendar year onward.
For intermediaries newly registered in 2018 or after, their chargeable period for 2018 is from the date of the registration to 31 December 2018 and the subsequent chargeable periods are each calendar year onward.
A registered MPF intermediary must pay to the MPFA for every chargeable period within 1 month after the first day of the chargeable period.
For intermediaries registered before 1 January 2018, the due day for 2018 annual fee is 1 February 2018 and 1 February of each subsequent calendar year.
For intermediaries newly registered in or after 2018, the due day for 2018 annual fee is 1 month after their date of registration and 1 February of each subsequent calendar year. For example, if the date of registration of an intermediary is 1 March 2018. The due date for 2018 annual fee will be 1 April 2018.
Payment reminders for annual fee will be issued to registered intermediaries (including those subsidiary intermediaries who do not have any principal intermediary being attached to) by email.
Intermediaries can also find their payment reminders after logging in their eService accounts.
According to the law, it is the duty of a registered intermediary to pay an annual fee every year to the MPFA. Non-receipt of the payment reminder is not an excuse of late or non-payment of the annual fee.
Intermediaries should keep MPFA updated of their email address.
Intermediaries can find their payment reminders and the payment instructions after logging into their eService accounts.
Details of annual fee payment methods can be viewed in the payment instructions.
The Remittance Slip for annual fee payment can be found at the bottom of the payment reminder issued to each registered intermediary by the MPFA through email. Intermediaries can also find their payment reminder after logging in their eService account.
If additional fee is incurred, payment should be made based on the updated Remittance Slip issued to the intermediaries.
There are various electronic channels available for intermediaries to make annual fee payment. Electronic payment (FPS, Visa/ MasterCard, PPS and e-Cheque) through eService is highly recommended. Intermediaries can enjoy the benefit of saving input for the payment reference number (i.e. Payment Advice ID) and payment amount for these payment methods.
Other electronic payment methods outside eService, namely, FPS, on-line banking, PPS and e-Cheque are also available. Intermediaries can also make payment by paper cheque.
For details, please refer to the Online Demo in eService or the payment instructions.
Please get ready a VISA/MasterCard and have your mobile phone handy to receive the One-time password. Login to eService, click on the “Annual Fee Payment” button on the left menu bar, select payment method “VISA/MasterCard” and then follow the instruction on the screen.
Please also refer to the Online Demo in eService or the payment instructions for making annual fee payment.
Please login to eService, click on the “Annual Fee Payment” button on the left menu bar, select payment method “PPS” and then follow the instruction on the screen.
Please also refer to the Online Demo in eService or the payment instructions for making annual fee payment.
Please refer to the payment instructions for making annual fee payment.
Please be reminded to affix sufficient postage on the envelope. Underpaid mail items will not be accepted and will be returned to the senders or disposed of by the Hongkong Post.
After clearance of the payment, an official receipt will be sent to subsidiary intermediaries (individual) via their personal and business email address; and to subsidiary intermediary (insurance agency) and principal intermediaries via the email address of their contact person.
Intermediaries should keep the MPFA updated of their email address.
Principal intermediaries can make payment on behalf of their subsidiary intermediaries by making reference to the remittance slip provided by the MPFA to the subsidiary intermediaries.
The MPFA can provide facility to principal intermediary with significant number of subsidiary intermediaries to make annual fee on behalf of their subsidiary intermediaries. They can contact their Case Officers in the MPFA for further details.