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Amendment of maximum level of relevant income for MPF contributions to $30,000 with effect from 1 June 2014

The Legislative Council has passed the amendment of the maximum level of relevant income for Mandatory Provident Fund (MPF) mandatory contributions. The maximum level of relevant income is amended to $30,000 monthly and the effective date is 1 June 2014. For casual employees who are members of Industry Schemes, the maximum level of relevant income is also amended to $1000 daily.

HRPro can handle it automatically on or after HRPro 11.04.06, see Payroll Module Setup

For user running HRPro prior to 11.04.06, the setting are in (System Manager->Maintenance->HRPro Setup, Payroll Module Setup)

Users should amend all the 25000 to 30000, 1250 to 1500 and 830 to 1000 before generating June 2014 Payroll Batch.  However upgrade to latest version of HRPro is recommended.