Obligations of Self-employed Persons
in the MPF System

  1. To make arrangement with his own scheme trustee as regards payment of contributions. He can opt for :

    1. Annual payment : in a lump sum before the end of the scheme's financial year;

    2. Monthly payment : to agree with the scheme trustee a day as the monthly remittance day.

  2. To supply relevant information to his scheme trustee when enroling in an MPF scheme. This includes personal particulars (e.g. name, address, telephone number, ID number, etc.), and his relevant income, and where appropriate, a copy of the latest Notice of Assessment. He is not required to state his income and give evidence if he contributes the statutory maximum of $1,000 a month (viz. 5% of the maximum income ceiling at $20,000 a month).

  3. To advise, and where appropriate, give a copy of the most up-to-date Notice of Assessment to his scheme trustee in respect of his relevant income for the next scheme year. Such information should be provided within the last 60 days of the scheme year. However, this obligation will deem to have been fulfilled if a self-employed person is contributing, and making future contributions of, the statutory maximum of $1,000 a month.

  4. To advise his scheme trustee any change in his personal information. This information includes personal particulars and change of status as self-employed persons.