MPF Management System
The MPF management system is established in accordance with Hong Kong legislation
Cradle HR MPF management system
Mandatory Provident Fund Management System
Under Hong Kong law, with the exception of some exempt persons, employers are required to enroll their employees in a Mandatory Provident Fund (“MPF”) scheme in which the employer and employee each contribute 5% of the employee’s income (capped at $1,500 as amended in June 2014) as mandatory contributions; although it is not difficult to calculate the amount of contributions, the employee’s first contribution date can be a problem for the HR Department as the employee is entitled to a contribution holiday.