1、Employer’s signature: Essential for ‘Employee Application Form’ and ‘Remittance
Statement’
In handling employee enrolment in an MPF scheme, it is essential for the employer to
sign the ‘Employee Application Form’ and/or ‘Remittance Statement’ to confirm that
the employee’s enrolment details have been checked, and are complete and accurate.
If the relevant forms are not signed by the employer’s authorised person, we will be
unable to set up the member’s record and process the contributions. We have to
return the relevant forms to the employer for completion. Please note that authorised
signature of employer is mandatory; a company chop alone will not be accepted.
Any delays caused by a failure to provide signature in these forms may lead to late
enrolment and/or late payment of contributions, which may lead to a financial penalty
and /or a surcharge being imposed by the MPFA.
2、Will these changes result in reporting of default contributions?
Under the MPF system, if there are any outstanding mandatory contributions which
have not been paid on or before the contribution day, MPF service providers are
required to report the default contributions to MPFA. MPFA may also impose a
surcharge and/or financial penalty on the relevant employers.
Regardless the mandatory contributions of your employees having been fully settled
prior to the relevant deadline, if there is an increase of the mandatory contributions
amount as a result of the subsequent update or change of the employee or his/her
employment details, the increased part of mandatory contributions will be considered
as default contributions if such contribution have not been paid on or before the
contribution day. MPF service providers will have to report the default contributions to
the MPFA.
These subsequent changes include but not limited to :
1、Date of employment.
2、Date joined scheme.
3、Date of birth.
4、Date joined HSBC MPF (eg the date transferring from another MPF scheme due to
change of MPF service provider by current employer).
5、Arrival date in Hong Kong for expatriate employees (ie the date used to determine
whether the expatriate employees exempted for the mandatory contributions for
the first 13 months).
6、Member category (eg newly enrolled member. You may refer to ‘Section C
Employment related information’ under Part II-EmployerSection of Employee
Application Form)
In view of the above situation and for avoiding any default contributions due to such
changes, employers should check the enrolment details carefully when making
employees’ enrolment into an MPF scheme. Please also mark down the date for
the first mandatory contributions for expatriate employees, in order to make the
contribution in future.