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Amendment of Minimum Level of Releant Income or MPF Contribution to $6,500 with effect from1 November 2011

The Legislative Council has passed the amendment of minimum level of relevant income for Mandatory Provident Fund (MPF) contributions. The minimum level of relevant income has been amended to $6,500, effective 1 November 2011, from the original level of $5,000.

HRPro can handle it automatically since HRPro 8.7.03, see Payroll Module Setup

For user running HRPro prior to 8.7.03, the setting are in (System Manager->Maintenance->HRPro Setup, Payroll Module Setup)

Users should amend the 5000 to 6500 and 160 to 250 before generating November 2011 Payroll Batch.

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