The Legislative Council has passed the amendment of maximum levels of relevant income (‘RI’) for Mandatory Provident Fund (‘MPF’) contributions.
The new maximum levels of RI for MPF mandatory contributions will become effective on 1 June 2014 (‘Effective Dates’).
With effect from 1st of June 2014 - the maximum income level is raised from 25,000 HK$ to 30,000 HK$ per months. (meaning that employees/employers have to pay 5% of their salary as MPF contribution for employees that earn 30,000 HK$ and above (1,500 HK$/month)).
Plz help me