Employee and Employer
Employees and employers who are covered by the MPF System are each required to make regular mandatory contributions calculated at 5% of the employee’s relevant income to an MPF scheme, subject to the minimum and maximum relevant income levels. For a monthly-paid employee, the minimum and maximum relevant income levels are $7,100 and $30,000 respectively.
| Monthly Relevant Income | Mandatory Contributions | |
|---|---|---|
| Employer Portion | Employee Portion | |
| Less than $7,100 | Relevant income x 5% | No contributions required |
| $7,100 to $30,000 | Relevant income x 5% | Relevant income x 5% |
| More than $30,000 | $1,500 | $1,500 |
The current minimum relevant income level of $7,100 per month applies to contribution periods commencing on or after 1 November 2013 while the current maximum relevant income level of $30,000 per month applies to contribution periods commencing on or after 1 June 2014.
