The following are some frequently asked questions that we often encounter:
“Should the MPF rate for Industry Scheme employees be 5% of their salary?”
“Does the 60-day contribution holiday apply to casual employees?”
“What is the formula for calculating MPF for casual employees?”
Below, you'll find responses to frequently asked questions that we often encounter:
To learn more about the Industry Scheme for casual employees, please refer to this guide for details.
How to Set Up in Talenox for Casual Employees (Industry Scheme)?
In the Employee Profile, you can choose this option for Casual Employees:
"Casual" contribution uses a different formula than "Regular" contribution.
The formula is as below:
Step 1: Calculate Daily contributions ~ "Relevant income earned in a wage period / No. of working days in the wage period".
Step 2: Calculate total contributions ~ "Daily contributions x No. of working days in the wage period"
Then, the calculated amount follows the "Contribution Scale", found in MPFA website.
Check out the example below to understand how MPF is calculated for casual employees:
Employee's salary: HK$1,650.00
Days worked in June: Monday & Thursday
Total worked days in June: 8 days
Step 1:
= Relevant income earned in a wage period / No. of working days in the wage period
= HK$1,650 (in June) / 8 working days in June
= HK$206.25
Since HK$206.25 falls under the "Less than $280" category:
Step 2:
Total contributions ~ "Daily contributions x No. of working days in the wage period"
= $10 x 8 working days
= $80.00