MPF FAQ

1. I am a new comer of self-employed, when should I enroll in an MPF scheme?

You are required to enroll in an MPF scheme within 60 days of becoming self-employed.

2. When should I report my relevant income to the trustee?

In order to ascertain the first time of mandatory contribution by your trustee, you are required to report your relevant income to your trustee at the time of enrolment. If you remain to be self-employed, you are also required to report the relevant income for mandatory contribution at least 30 days before the end of each financial period of the scheme.

3. What kind of documents will be received after enrolling in an MPF scheme?

A 'Notice of Acceptance' and 'Member Certificate' will be received within 30 days from the date after submitting all the information required. If you have applied 'BCOM MPF IVRS and Internet Service', another notification will be received.

4. What should I do with the accrued benefit when I cease to be self-employed?

You may choose to retain your accrued benefit in a preserved account under your existing scheme.

 

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