The maximum level of monthly relevant income for the Mandatory Provident Fund (“MPF”) increased from HK$20,000 to HK$25,000 on 1 June 2012.

Impact of amendment

The increase means that the cap on maximum monthly contributions to the MPF scheme changed from HK$1000 to HK$1250.

Action required

Employers should check that their systems were updated in order to ensure that the contribution amounts are being calculated as per the new level for the contribution periods which commenced on 1 June 2012