After a company is set up, they need to do 3 things:
- Select a suitable MPF trustee
- Join its MPF scheme
- Open MPF accounts for all employees under the MPF scheme
All employers need to enrol their new part-time and full-time employees (age 18 to 65) into the MPF scheme within 60 days of employment.
*Exclusion: The 60-day employment rule does not apply to casual employees in the construction and catering industries. Also for the following categories:
- Employees and self-employed persons who have attained 64 years of age on the date the relevant provision in the Mandatory Provident Fund Schemes Ordinance is implemented, i.e. 1 Dec 2000;
- Domestic employees;
- Self-employed hawkers;
- People covered by statutory pension or provident fund schemes, such as civil servants and subsidized or grant school teachers;
- Members of occupational retirement schemes which are granted exemption certificates;
- People from overseas who enter Hong Kong for employment or self-employment for not more than 13 months;
- People from overseas who enter Hong Kong for employment or self-employment and who are covered by overseas retirement schemes; and
- Employees of the European Union Office of the European Commission in Hong Kong.
Casual employees (construction and catering industries)
You should enrol your casual employees in an MPF scheme within the first 10 days of employment, regardless of the length of the employment period. This deadline is the same whether you choose to enrol your casual employees in an Industry Scheme or a Master Trust Scheme.
Casual employees in the construction and catering industries can open MPF accounts with the two Industry Schemes trustees in advance. The Industry Schemes trustees will provide them with a membership card. If you are participating in an Industry Scheme and your new casual employees already have an MPF account in the same scheme, you no longer need to arrange enrolment for them, saving you the time and trouble of handling paperwork on-site. Instead, simply ask the employees for their membership ID number, or even just their Hong Kong Identity Card Number. That’s all you need to make contributions for them.
Contribution day is the deadline on which employers should make mandatory contributions for each contribution period (generally the wage period). As indicated in the table below, if you choose to enrol your casual employees in an Industry Scheme, you have two contribution day options whereas in a Master Trust Scheme, there is only one.
Note: If the contribution day falls on a Saturday, a public holiday, a gale warning day or a black rainstorm warning day, the contribution day is extended to the next following day which is not a Saturday, a public holiday, a gale warning day or a black rainstorm warning day.