Information Centre

Most employers consider punctuality to be a basic requirement for their employees. Good attendance and promptness in meeting deadlines are essential qualities for employees to earn the trust of their employers. By the same token, employers are expected to enrol their employees in an MPF scheme and make MPF contributions punctually.  

After calculating the contributions for the previous wage period, employers are required by law to pay the total amount and submit a remittance statement to their MPF trustee on or before the contribution day. In general, the contribution day for a monthly-paid employee is the 10th day of each month, so employers must pay their contributions and submit the remittance statement for the previous month to the trustee on or before the 10th day of each month.

Employers can make their contributions through different means offered by their trustees, including payment by cheque, payment by autopay, etc. They must submit their contributions and a completed remittance statement to their trustee on or before the contribution day. If they are late, it may be considered a default. When the trustee receives the payment, it will allocate the contributions to each employee according to the remittance statement. 

If employers do not make their contributions, fail to make them on time, or if the paid contribution amount is insufficient, they will be considered as defaulting on their contributions. Defaulting employers are liable to a surcharge equivalent to 5% of the contributions in arrears. All surcharges received are fully vested in the MPF accounts of the employees concerned. The MPFA may file civil action to recover contributions in arrears and even initiate criminal prosecution against non-complying employers, if necessary. Upon conviction, offenders are liable to a maximum penalty of a fine of up to $450,000 and imprisonment for up to four years.

The MPFA produces an online “MPF Contribution Days” calendar every year, which is uploaded to the MPFA website so that employers can conveniently check the contribution day for each month whenever they need to.