Generally speaking, employees in Hong Kong, regardless of the nature of their jobs, will be protected by the Mandatory Provident Fund (MPF) as long as they have been employed for 60 days or more.
As an employer, you must join an MPF scheme for your employees. The employer is required to pay 5% of the employee's monthly salary to the MPF account as compulsory contributions, with a ceiling of 65,438 yuan +0, 500 yuan. When the employee's monthly salary exceeds $7, 100, it is necessary to deduct 5% from the salary as contribution, and the same upper limit is $ 1 500. Even summer workers who have been employed continuously for 60 days or more will be protected by the MPF system.
Commercial medical insurance is not a mandatory policy in Hong Kong. Therefore, most enterprises will not have additional social security except for the MPF and industrial injury insurance. Many companies will outsource these human resource management services to enterprises to save time and manpower.
Hong Kong's MPF funds can be invested flexibly, with gains and losses and certain risks.
Hong Kong's strong funds generally have three exit ways. When you reach retirement age, you can withdraw it in stages, withdraw it at one time, or continue to invest in your account.
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