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.
Automatic calculation of MPF contributions
Calculate the employee's first MPF contribution date based on the employee's date of entry
Calculate the monthly MPF contribution amount for employers and employees
Employer and Employee MPF Contribution Statements
Calculate employee's first MPF contribution amount
The monthly MPF contribution amount is automatically deducted from the employee's income and shown in the payslip
Find out how we can help you handle your HR pains now!
Wouldn’t it be nice to get rid of all the manual paper processes that you have to go through every day? You can do just that by fully embracing our HR System.