# Only those aged between 18 and 65 are eligible for MPF contribution. Under the MPF Schemes, maximum and minimum income levels have been set for mandatory contribution purposes. For employee whose relevant income is less than $6,500* per month, mandatory contributions are not required from the employee, but the employer must contribute an amount equal to 5% of the employee's income. If the employee's relevant income exceeds $20,000 per month, both the employee and the employer are only required to contribute 5% of $20,000, i.e., $1,000 per month respectively. The contribution on top of the maximum and minimum mandatory contribution will be treated as voluntary contribution.
* Effective on 1 November 2011 |