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Amendment of Minimum Level of Relevant Income for MPF Contribution to $7,100 with effect from 1 November 2013

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 $7,100, effective 1 November 2013, from the original level of $6,500.

HRPro can handle it automatically starting from HRPro 10.09, see Payroll Module Setup

For user running HRPro prior to 10.09, the setting are in (System Manager->Maintenance->HRPro Setup, Payroll Module Setup, MPF Tab)

Users should amend the Righter most column of Income from 6500 to 7100 and 250 to 280 before generating November 2013 Payroll Batch.