Everbright Sun Hung Kai offers ideal solutions for your MPF management
As the population collectively grows older, the working population will have to support a much larger number of retirees in Hong Kong.To help the ageing workforce save for their retirement, the Mandatory Provident Fund Schemes Ordinance (“MPFSO”) was enacted in 1995. The MPF (Mandatory Provident Fund) System was launched in December 2000. It is an employment-based retirement protection system. Except for exempt persons as set out in the MPF legislation, all employees and self-employed persons who are at least 18 but under 65 years of age must join an MPF scheme. Since the launch of “MPF Employee Choice Arrangement” (“MPF ECA”), also known as “MPF Semi-Portability”, in November 2012, employees have the autonomy to manage the accrued benefits from their employee mandatory contributions in a contribution account. To encourage the public to save early for retirement financial planning purpose, legislation has been passed to provide tax incentives for scheme members to make tax deductible voluntary contributions (TVC) starting from 1 April 2019.
Everbright Sun Hung Kai offers ideal solutions for your MPF management because we:
We provide you total solution MPF management service for both corporate and individual accounts, including:
MPF & Occupational Retirement Schemes Ordinance ("ORSO") Service Partners
In this website, whenever certain acts or activities, or the discussion of certain products, fall(s) or may fall within an insurance product and/or a MPF product, the relevant company of EBSHK Group shall be taken to mean Sun Hung Kai Wealth Management Limited (“SHKWM”). SHKWM is an insurance broker company licensed under the Insurance Ordinance (Chapter 41 of the Laws of Hong Kong) (Insurance Broker Company Licence No.:FB1134) and a registered principal intermediary at the Mandatory Provident Fund Schemes Authority (Registration No. IC000854).