Finance

How to Pay the Initial Mandatory Provident Fund by the Employer

If you were looking forward to arranging a Mandatory provident fund hong kong contribution for the new staff for the first time, rest assured that it would be relatively tricky, provided the employer would not require arranging MPF for his employees not employed for 60 days or more.

However, an exception would be the casual employees in the catering and construction industries. It would be pertinent to mention here that the initial contribution would be made to the trustee on or before 10th day after the day of the calendar month on which the 60th day of employment falls. Consider hiring Primasia to calculate MPF contributions for you.

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