MPF for the self-employed

You should calculate your mandatory contributions based on your relevant income. Your relevant income is defined as the assessable profits per your most recent Notice of Assessment from the Inland Revenue Department.

You'll need to pay these contributions towards your MPF trustee before the end of each contribution period, either once a month, or once a year.

A self-employed person is a sole proprietor or a partner in a business, or someone who works for themselves and is not employed as an employee.

People who legally do not need to enrol in an MPF scheme include:

• Domestic employees
• Self-employed licensed hawkers
• Persons covered by statutory pension or provident fund schemes, such as civil servants and subsidised or grant school teachers
• Members of occupational retirement schemes that have been granted exemption certificates
• Non-permanent residents from overseas who enter Hong Kong SAR for the purposes of employment for less than 13 months, or who are covered by overseas retirement schemes
• Employees of the European Union Office of the European Commission in Hong Kong SAR

Even if you're self-employed, you must enrol in an MPF scheme. This is regardless of the relevant income you earn from being self-employed or if you need to have a business registration.

Once you've enrolled, you must inform the eMPF Platform of the following details:

• Your relevant income

  You must let the eMPF Platform know of your relevant income for the next financial year of the scheme (1 July to 30 June). You must do this before 1 June each year.

• Your chosen payment frequency and contributions

  You can change how you make your contributions, and how frequently you make them for the next financial year of the scheme. But you must let the eMPF Platform know of the change before 1 June each year.

• Any change to your circumstances

  If you start working for someone else, you can choose to transfer your accrued benefits to an HSBC MPF personal account. You can also transfer them to your new employer's MPF scheme, or to another scheme of your choice.