Image reference:. yimg/I/icon/ 16/ 1。
In that month, your total contribution to the MPF was 65,438 yuan+0,000 yuan (of which 500 yuan deducted 5% from your salary, and 500 yuan deducted 5% from the employer's contribution to employees). The total donation is $65,438+0,000-).
Image reference:. yimg/I/icon/ 16/4 1。
In addition to%, you need to know:
1. Which funds should I choose?
2. Their performance?
E-mail me so that I can give you information.
[email protected], assuming the following:
Joined the company on June 5th, with a monthly salary of 10000, and paid on the 7th of each month.
On July 7th, grain was delivered (5/6-30/6)$ 10000, divided by 30 days and 25 days = salary payable $8333.33.
Grain delivery on August 7th (1/7-3 1/7) = salary payable $ 10000.
On September 7th, employees' MPF contributions were deducted from their salaries (1/8-3 1/8) $500 = the salary payable was $9,500.
The employer shall pay both parties' MPF to the trust company before September 10. The employer's contributions are:
Employer: USD 465,438+GBP 06.66 Employee: USD 0.
Employer: $500 Employee: $0
Employer: $500 Employee: $500.
Total contribution to the MPF: $ 19 16.66.
According to your hypothesis,
Basically, your monthly income is 9500 dollars.
The remaining low fruit of $500 is to accumulate golden fruit for Zuo Qiang.
And the company will contribute 5% for you, which is 1000 USD per month.
but
If you fill in the fruit mpf form when you join the company, it is not only timely.
Fill in the voluntary contribution on the left n%
Except for 5% leftover fruit, if you deduct n%, your paid-in salary will be less.
Besides, employees earning less than $5,000 a month are not required to contribute to the MPF.
But the company still needs to contribute 5% of the monthly salary. For reference: Self, MPF requires each employer to deposit 5% of the employee's monthly salary into the employee's MPF account, and employees also require to deposit 5% of their salary into the MPF account until the employee retires. However, the upper limit of mandatory monthly contributions for employers and employees is 65,438 yuan+0,000 yuan. If 5% of employees earn more than 65,438 yuan+0,000 yuan a month, employers and employees can choose to contribute more than 65,438 yuan+0,000 yuan or only 65,438 yuan+0,000 yuan.
The Mandatory Provident Fund Scheme (MPF) is a retirement protection system for all working people through legislation. According to the law, all employees and self-employed persons aged 18 to 65 must participate except some exempted persons. The law also stipulates that employers must register their employees for the MPF.
Employees:
Refers to full-time and * * * employees who have been employed for not less than 60 days under the employment contract.
Self-employed:
Refers to a person who is not employed by others and earns income by providing services or commodities by himself.
A sole proprietor or business partner is a self-employed person.
Exempted persons:
Employees and self-employed persons who have reached the age of 64 on the implementation date of the relevant provisions of the Mandatory Provident Fund Schemes Ordinance.
Domestic workers
Individual hawker
Persons protected by statutory pension schemes or provident fund schemes (such as civil servants and teachers in subsidized and aided schools)
Members of occupational retirement schemes with exemption certificates
Overseas people who have been working in Hong Kong for less than one year or are covered by overseas retirement schemes.
Employees employed by the European Union Office in Hong Kong.
Three types of plans
The MPF schemes are divided into three categories to meet the needs of employers and employees in different companies and industries.
Integrated trust plan
The characteristic of collective trust plan is to manage the contributions of different employers and employees, which can not only increase the investment income, but also reduce the management expenses. Self-employed or small companies can consider such a plan.
Industry plan
Industry plans are designed for industries with high mobility, such as catering and construction. After participating in the industry plan, even if the employee changes jobs in the future, as long as he does not change jobs and his new and old employers also participate in the industry plan, the extra expenses caused by changing the plan can be saved. Of course, people from the catering and construction industries can also participate in the master trust scheme.
Employer-run plan
This is a scheme run by a single employer, and the employer can enjoy a greater degree of autonomy, which is managed by the company and determines its own investment strategy. If the company is larger, this scheme will be more suitable.
execution date
When the MPF came into effect in February/October/2000, employers must register their employees, and self-employed people must also register themselves. All MPF schemes must be registered with MPFA, and obtained a license certificate, which will be managed by the registered MPF scheme trustee. The assets of MPF schemes must be handled separately from those of employers, trustees and other service providers and kept by MPF custodians.
forms of investment
The statutory contribution to the MPF scheme is 5% of the employer's income and 5% of the employee's income, making a total of 10%. Donations are usually made once a month.
Self-employed people (including sole proprietors and business partners) pay 5% of their income, but they can choose to pay monthly or annually.
There are statutory upper and lower limits for MPF contributions. Employees earning less than 4,000 yuan a month do not need to contribute, but they still require employers to contribute 5%. For employees whose monthly income exceeds $20,000, the upper limit of compulsory contributions by both parties is 1000, but the law allows the contributors to increase their contributions voluntarily.
The above-mentioned upper and lower limits and voluntary increase in contributions are also applicable to self-employed people.
Calculate monthly salary
Income includes wages, salaries, holiday allowances, expenses, commissions, bonuses, contract gratuities, contract gratuities and allowances, but does not include housing allowances or other housing benefits, severance payments and long service payments.
The accrued benefits of the MPF.
(refers to contributions and investment income) are all owned by employees or self-employed persons participating in the scheme and are not controlled by MPFA or * * * *.
Accumulate gold medal results
Perseverance is the basic principle of MPF. Suppose an employee's monthly salary is 8000 yuan or 10000 yuan. When he retires at the age of 65, his accumulated benefits may be:
Average annual return on investment
One percent
Four percent
With a monthly income of 8,000 yuan, when do you start to contribute?
(yuan)
(yuan)
Twenty-five years old
472,000
946,000
Forty years old
273,000
4 1 1,000
Fifty-five
10 1,000
1 18,000
The monthly income is 10000 yuan, and the payment age is:
(yuan)
(yuan)
Twenty-five years old
590,000
1, 182,000
Forty years old
34 1,000
5 14,000
Fifty-five
126,000
147,000
Withdrawal of MPF
Since the MPF system is designed for the retirement of working people in the future, it is natural to wait until the retirement age before taking out the money.
According to the law, scheme members can get back their MPF when they reach the age of 65. However, under the following circumstances, the law also allows the withdrawal of MPF before the age of 65:
1. At least 60 years old and retired.
2. Leave China and Hongkong permanently.
3. At present, he is completely incapacitated.
4. Death (MPF is handled by real estate agent)
5. There was no contribution in the past 12 months, and the account balance was less than 5,000 yuan, indicating that I would not work again.
MPF can offset long service payment and severance payment.
According to the established policy in Hong Kong, employers' contributions to recognized provident funds can be used to offset the long-term service payment or severance payment payable by employers under the Employment Ordinance. The MPF system also follows the same policy. The accrued benefits of employers' MPF contributions to employees can be used to offset long service payments and severance payments. If the accumulated amount of the employer's contribution to the employee's MPF exceeds the payable amount, the balance will still remain in the employee's account, but if it is not enough to offset the required amount, the employer still has to make up the difference.
Tax relief for donations
Employers' contributions to the MPF schemes, whether compulsory or voluntary, are tax deductible, and the upper limit is 15% of employees' total annual salary. For details, please consult tax professionals or refer to the circular of the Inland Revenue Department and the interpretation and implementation guidelines of the Inland Revenue Ordinance.
The contributions of employees and self-employed people are also tax-free, with the maximum annual limit of12,000 USD. When you get back the accrued benefits of the MPF, you basically don't have to pay taxes. However, if a scheme member dies unfortunately and the MPF is paid in advance, inheritance tax may be required.
Relationship between MPF and Occupational Retirement Scheme
The MPF legislation provides for the interface between the voluntary occupational retirement scheme and the MPF system, and specifies the circumstances under which existing occupational retirement scheme members can be exempted from the MPF legislation. The purpose of the whole transitional arrangement is to minimize the interference with existing plans and not affect the contractual relationship between employers and existing employees.
Exemption criteria for occupational retirement registration schemes
Before applying for MPF exemption, an occupational retirement registration scheme must meet the following requirements:
19951October 15 was established on or before;
Managed by a trust; and
Application for registration or exemption has been made on or before 1996 1 month 15 according to the Occupational Retirement Schemes Ordinance.
An important condition for exemption is that employers must give existing scheme members and eligible new employees the opportunity to choose to join the MPF scheme or stay in the original pension scheme.
All applicants for MPF exemption must submit their applications to MPFA before May 3 this year. Applications will be processed on a first-come-first-served basis and will be completed before the end of July 2000. Yes, the food is only $9,500 a month. ...
$500 will be automatically transferred to the left for payment to MPF = = ",