Email Us | Advertising

Login / Register

User Name
Password

Advertisers


Hong Kong > Forums  > Hong Kong Forums  > Moving to Hong Kong  > Everything Else

MPF for a Singaporean?

Reply
 
LinkBack Tools Search Rate Thread
 
Old 24-05-2006, 04:08 PM
Registered User
 
Join Date: Mar 2006
Posts: 10
keechin is on a distinguished road
MPF for a Singaporean?

Good day to all,

The Japanese company which i working currently in Singapore is setting up a new company in HK and they plan to relocate me to HK.

Understand that HK has MPF scheme and foreigner can be exempted under certain condition.

I not able to find the information from the MPF's website...
Hope someone can share with me the condition or where i can find the information?

Many thanks in advance!
Reply With Quote
 
Old 24-05-2006, 04:18 PM
Registered User
 
Join Date: Aug 2005
Posts: 29
Kopi C is on a distinguished road
I don't think foreigners are exempted from MPF except certain conditions. Here's the link:
http://www.csb.gov.hk/english/admin/retirement/123.html

It's not a lot of money deducted, the maximum amount to be deducted is HK$1,000 a month. Here's the link to the MPF Schemes Authority:
http://www.mpfahk.org

Besides, you can take the money out of MPF if you leave HK.
Reply With Quote
 
Old 24-05-2006, 04:44 PM
Registered User
 
Join Date: Jun 2005
Location: Hong Kong
Posts: 6,386
Blog Entries: 1
PDLM has a reputation beyond reputePDLM has a reputation beyond reputePDLM has a reputation beyond reputePDLM has a reputation beyond reputePDLM has a reputation beyond reputePDLM has a reputation beyond reputePDLM has a reputation beyond reputePDLM has a reputation beyond reputePDLM has a reputation beyond reputePDLM has a reputation beyond reputePDLM has a reputation beyond repute
Essentially if you are a non-permanent resident and can show that you continue to invest in a pension scheme of some sort in another country then you don't have to pay MPF. The definition of "pension scheme" seems to be fairly relaxed - it certainly doesn't have to be a Government-run or approved scheme - I have a long-term commercial offshore savings plan and that seems to be sufficient.
Reply With Quote
Reply


Similar Threads
Thread Thread Starter Forum Replies Last Post
Any Singaporean here? SSHAN Working in Hong Kong 10 22-08-2006 07:14 PM
Singaporean & Malaysian wofie Meet and Greet 1 28-07-2006 10:15 PM
Singaporean Family living in HK chubbysan Planning your move 0 26-07-2006 03:54 PM
Singaporean Food jaetee Entertainment and Nightlife 12 02-07-2006 06:14 PM
Singaporean looking for jobs in HK julianleong Working in Hong Kong 1 08-08-2005 12:03 AM


Tools Search
Search:

Advanced Search
Rate This Thread
Rate This Thread:



All times are GMT +8. The time now is 05:26 PM.


Quick Nav

Partners

Small Business Ads

Advertise Here

Content Relevant URLs by vBSEO 3.1.0 ©2007, Crawlability, Inc.