- MPFA
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MPF System
- Background
- Types of MPF Schemes
- MPF Coverage
- Enrolment and Termination
- Mandatory Contributions
- Voluntary Contributions / Tax Deductible Voluntary Contributions
- MPF Tax Matters
- MPF Account Management
- Withdrawal of MPF
- Arrangements for Offsetting Long Service Payment and Severance Payment
- Anniversaries of MPF System
- MPF Investment
- ORSO
- Supervision
- Enforcement
- eMPF Platform
MPF System
Mandatory Contributions
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- MPF System
- Mandatory Contributions
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Mandatory contributions made for an employee are fully and immediately vested in the employee once they are paid to the MPF trustee. Any investment return will also be fully and immediately vested in the employee.
Employers
Employers who fail to comply with the legal requirements stipulated in the MPFSO may commit a criminal offence.
MPFA may file a civil claim on behalf of employees to recover contributions in arrears. It may also initiate prosecution against the officers, directors and partners of the employers.
MPFA may also impose financial penalties on employers who fail to comply with the legal requirements.
Learn more about the common offences and their penalties.
Tips on how to avoid non-compliance.
SEPs
SEPs who fail to comply with the MPFSO may commit a criminal offence. MPFA may initiate criminal prosecution or impose financial penalties on non-compliant SEPs.
Learn more about the common offences and their penalties.
Tips on how to avoid non-compliance.
