New MPF maximum relevant income
The maximum relevant income level for MPF contributions has risen from HK$25,000 to HK$30,000, with effect from 1 June 2014. Accordingly, the ceiling for mandatory contribution has been increased to HK$1,500 per month. With more saving for your retirement, why not manage your MPF investment more proactively and consolidate your personal accounts to enhance efficiency?
The amount of mandatory contributions in the coming wage periods will be increased if the following cases fit your situation:
- Employees with monthly relevant income more than HK$25,000, and their employers
- Self-employed persons with monthly relevant income more than HK$25,000 or yearly relevant income more than HK$300,000
- Casual employees under Industry Schemes with daily relevant income of HK$850 or more, and their employers
To learn more about FWD’s MPF products, please click here.