Payroll Module Setup, MPF tab

Payroll Module Setup, MPF tab is under System ManagerHRPro Setup, Payroll Module Setup.

Default MPF Account

The MPF Interface File Information for default MPF Account is defined in MPF Account Master

MPF Regulations

If Enable 60 days first contribution retention is turned on, the first contribution is laid on the period of the employee's 60 days of employment. i.e. Hold the contributions until the employee worked for 60 days (See also the option Disable 60 days first contribution retention in Employee Master, HR Info tab that is for individual employee).

If MPF Commence Date considers Group Join Date is turned on, The employee's MPF Commence Date will count starting from Group Join Date instead of Join Date

If the Treat "EE Join Scheme Date" as "EE Commence Date" is turned off (Recommend off), EE Join Scheme Date is a reference field and will not use for MPF Calculation. The EE Commence Date is calculated by the system and is followed by the "30+N" days rule.

If the Treat "EE Join Scheme Date" as "EE Commence Date" is turned on, MPF Calculation will treat the EE Join Scheme Date as the EE Commence Date, (e.g. If the EE Join Scheme Date is set to Join Date, the EE contribution will be commenced at Join Date and the first contribution occurred at that month).

Additional Voluntary Contribution

The following options are available for Voluntary Contribution based on

    • N/A

    • 1. Regular salary x (MC % + VC%) - mandatory contribution

    • 2. MPF Relevant income x (MC % + VC%) - mandatory contribution

    • 3. AVC Relevant income x (MC % + VC%) - mandatory contribution

    • 4. Regular salary x VC%

    • 5. MPF Relevant income x VC%

    • 6. AVC Relevant income x VC%

Regular Salary is included Basic Salary, Holiday Pay, Annual Leave Pay, Sickness Allowance, Injury Leave Allowance, Maternity/Paternity Leave Pay, and No Pay Leave Deduction only. The following payment types are excluded: Allowance 1, Allowance 2, OT Pays, Late Deduction, Bonus, Double Pay, Wage In Lieu Pay, LSP/SP Pay and Pay Type 1 to 15, etc.

MPF Relevant Income is the income of the Pay Types that the MPF Contribute is turned on in the Payroll Module Setup, Pay Type tab, or Pay Type Table.

AVC Relevant Income is the income of the Pay Types that the AVC Contribute is turned on in the Payroll Module Setup, Pay Type tab, or Pay Type Table.

MC % is the percentage for Mandatory Contribution, usually, it is 5% and is defined in Employee Master, HR info tab.

VC % is the percentage for Voluntary Contribution, it is defined in Employee Master, HR info tab.

When Relevant Income considers MPFA Maximum Level of Income is turned on, the Relevant Income over $30,000 (i.e. the Maximum Level of Income (Monthly)) will not be considered for the Voluntary Contribution calculation (i.e. Income > 30000, use 30000).

When Relevant Income considers MPFA Minimum Level of Income is turned on, the Relevant Income under $7,100 (i.e. the Minimum Level of Income (Monthly)) will not be considered for the Voluntary Contribution calculation (i.e. Income < 7100, use 0).

When Voluntary Contributions started in the new month after completion of Probation is turned on, the Voluntary Contributions will be contributed starting on the next month following the Probation End Date.

See MPF Voluntary Contribution Explanation

MPF Excel File (General)

If Show Termination Reason Table in MPF Excel File (General) is checked, a Termination Reason Table will be shown on the bottom part of the MPF Excel File (General).

If Show Authorized Signature Section in MPF Excel File (General) is checked, an Authorized Signature Section will be shown on the bottom part p of the MPF Excel File (General).

If MPF Excel File (General) Order by Employee Name is checked, the MPF Excel File (General) in Generate MPF File will be ordered by Employee Name, otherwise, it will be ordered by Employee Number.