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Guaranteed Interest Rate for the new scheme financial period (30 June 2014)

The guaranteed interest rate for the Guaranteed Fund offered under HSBC Mandatory Provident Fund - SuperTrust and SuperTrust Plus is 0.125% per annum in the scheme financial period from 1 July 2014 to 30 June 2015. Please refer to the 'Guarantee features' section under 'Guaranteed Fund' in Part II - Fund Structure of the relevant 'Principal Brochure' for full details of the guarantee features and Guarantee Conditions.

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List of designated branches for MPF services and enquiries (23 May 2014)

Designated branches (effective on 26 May 2014)
Hong Kong
Branch Address
Hong Kong Office Level 3 & BL1, 1 Queen's Road Central, Hong Kong
Central Branch Basement, 29 Queen's Road Central, Central, Hong Kong
Exchange Square Branch Shop 102, 1/F, Exchange Square Podium, Central, Hong Kong
128 Queen's Road Central Branch V Heun Building, 128-140 Queen's Road Central, Central, Hong Kong
Hopewell Centre Branch Shop 2A, 2/F, Hopewell Centre, 183 Queen's Road East, Wan Chai, Hong Kong
Hay Wah Building Branch G/F, Hay Wah Building, 71-85 Hennessy Road, Wan Chai, Hong Kong
Sun Hung Kai Centre Branch Shop 115-117 & 127-133, 1/F, Sun Hung Kai Centre, 30 Harbour Road, Wan Chai, Hong Kong
Paterson Street Branch Shop G03-04, G/F, Hang Lung Centre, 2-20 Paterson Street, Causeway Bay, Hong Kong
Causeway Bay Branch Shop G08, G/F & 1/F, Causeway Bay Plaza 2, 463-483 Lockhart Road, Hong Kong
Des Voeux Road Central Branch China Insurance Group Building, 141 Des Voeux Road Central, Hong Kong
Des Voeux Road West Branch Western Centre, 40-50 Des Voeux Road West, Hong Kong
Aberdeen Centre Branch Shop 2, G/F, Site I, Aberdeen Centre, Aberdeen, Hong Kong
North Point Branch G/F, Winner House, 306-316 King's Road, North Point, Hong Kong
Cityplaza Branch Unit 065, Cityplaza I, Taikoo Shing, Hong Kong
Chai Wan Branch Shop No. 1-11, G/F, Block B, Walton Estate, 341-343 Chai Wan Road, Chai Wan, Hong Kong
Kowloon
Branch Address
Mong Kok Branch Basement & U/G, 673 Nathan Road, Mong Kok, Kowloon
Pioneer Centre Branch Shop 218, 2/F, Pioneer Centre, 750 Nathan Road, Kowloon
Kowloon City Branch 1/F, 18 Fuk Lo Tsun Road, Kowloon City, Kowloon
Tsim Sha Tsui Branch Basement, UG/F & 1/F, 82-84 Nathan Road, Tsim Sha Tsui, Kowloon
Peninsula Centre Branch Units G55-60, G/F & 1/F, Peninsula Centre, 67 Mody Road, Tsim Sha Tsui East, Kowloon
238 Nathan Road Branch Shop No. 1, 1/F, 238 Nathan Road, Kowloon
Hung Hom Branch G/F, Hung Hom Commercial Centre, 37-39 Ma Tau Wai Road, Hung Hom, Kowloon
Tin On Building Branch 777-779 Cheung Sha Wan Road, Kowloon
Tai Yau Street Branch 26-28 Tai Yau Street, San Po Kong, Kowloon
Telford Gardens Branch Shop Unit P16, Block G, Telford Plaza I, Kowloon Bay, Kowloon
Amoy Plaza Branch Shop G193 - 200 & 203, G/F, Amoy Plaza Phase II, 77 Ngau Tau Kok Road, Kowloon
Hoi Yuen Road Branch G/F, Wong Tze Building, 71 Hoi Yuen Road, Kwun Tong, Kowloon
New Territories
Branch Address
City Landmark Branch Shop No. 117-131, 1/F, City Landmark I, 68 Chung On Street, Tsuen Wan, New Territories
Citywalk Branch Shop G21-22, Citywalk, 1 Yeung Uk Road, Tsuen Wan, New Territories
Kwai Hing Branch Shop 2, 3/F, Sun Kwai Hing Plaza, 166-174 Hing Fong Road, Kwai Chung, New Territories
Kwai Fong Branch Shop 153-160, Level 1, Metroplaza, Kwai Fong, New Territories
Maritime Square Branch Shop 308 F, Level 3, Maritime Square, Tsing Yi, New Territories
Tuen Mun Town Plaza Branch Shop 1, UG/F, Shopping Arcade Phase II, Tuen Mun Town Plaza, Tuen Mun, New Territories
Yuen Long Branch G/F, HSBC Building Yuen Long, 150-160 Castle Peak Road, Yuen Long, New Territories
East Point City Branch Shop No. 198, East Point City, 8 Chung Wa Road, Tseung Kwan O, New Territories
Shatin Plaza Branch Shop 49, Level 1, Shatin Plaza, 21-27 Shatin Centre Street, Shatin, New Territories
Ma On Shan Branch Shops 5-8, 2/F, Sunshine Bazaar, 628 Sai Sha Road, Ma On Shan, New Territories
Jade Plaza Branch Shop No. 26, Jade Plaza, Tai Po, New Territories
Tai Po Branch G/F, 54-62 Kwong Fuk Road, Tai Po, New Territories
Sheung Shui Centre Branch Shop 1024-1028 & 1030-1031, Level 1, Sheung Shui Centre, Sheung Shui, New Territories

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Amendment of Maximum Level of Relevant Income for MPF Contributions to HKD30,000 (30 April 2014)

The Legislative Council has passed the amendment of the maximum level of relevant income for MPF contributions, effective 1 June 2014. For monthly-paid regular employees, the maximum level of relevant income has been amended from HKD25,000 to HKD30,000 monthly. The maximum mandatory contributions will be adjusted from HKD1,250 to HKD1,500 monthly accordingly.

For self-employed persons, the maximum level of relevant income has been amended from HKD25,000 to HKD30,000 monthly and from HKD300,000 to HKD360,000 yearly. The maximum mandatory contributions will be adjusted from HKD1,250 to HKD1,500 monthly or from HKD15,000 to HKD18,000 yearly accordingly.

For the contribution periods starting on or after the effective date, employers and self-employed persons should make appropriate adjustments to the mandatory contributions according to the new maximum level of relevant income.

For details, please visit the Mandatory Provident Fund Schemes Authority's website.

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Ceased publication of the Brief Introduction for HSBC Mandatory Provident Fund - ValueChoice (14 April 2014)

Starting from 15 April 2014, the Brief Introduction for HSBC Mandatory Provident Fund - ValueChoice will be replaced by Enrolment Kit for HSBC Mandatory Provident Fund. You may click here to download the Enrolment Kit.

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New HSBC MPF Enrolment Kit, MPF Guide and Member's Guide (1 April 2014)

HSBC MPF releases a new set of Enrolment Kit, MPF Guide and Member's Guide today. The new materials replace the previous versions of Enrolment Kit, MPF Guide, Member's Guide and Member Service Guide (Please refer to below 'Ceased Materials'), and are available on HSBC MPF website for download now.

You can refer to the below summary for the changes:

Ceased Materials New Materials (to replace the Ceased Materials)
Enrolment Kit - SuperTrust
Enrolment Kit - SuperTrust Plus
Enrolment Kit - SimpleChoice
Enrolment Kit
MPF Guide - SuperTrust and SuperTrust Plus
MPF Guide - SimpleChoice
MPF Guide
Member's Guide - SuperTrust and SuperTrust Plus
Member Service Guide - ValueChoice
Member's Guide

Please click here to download the updated HSBC Mandatory Provident Fund publications.

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List of designated branches for MPF services and enquiries (7 February 2014)

Designated branches
Hong Kong
Branch Address
Hong Kong Office Level 3 & BL1, 1 Queen's Road Central, Hong Kong
Central Branch Basement, 29 Queen's Road Central, Central, Hong Kong
Exchange Square Branch Shop 102, 1/F, Exchange Square Podium, Central, Hong Kong
128 Queen's Road Central Branch V Heun Building, 128-140 Queen's Road Central, Central, Hong Kong
Hopewell Centre Branch Shop 2A, 2/F, Hopewell Centre, 183 Queen's Road East, Wan Chai, Hong Kong
Hay Wah Building Branch G/F, Hay Wah Building, 71-85 Hennessy Road, Wan Chai, Hong Kong
Sun Hung Kai Centre Branch Shop 115-117 & 127-133, 1/F, Sun Hung Kai Centre, 30 Harbour Road, Wan Chai, Hong Kong
Paterson Street Branch Shop G03-04, G/F, Hang Lung Centre, 2-20 Paterson Street, Causeway Bay, Hong Kong
Causeway Bay Branch Shop G08, G/F & 1/F, Causeway Bay Plaza 2, 463-483 Lockhart Road, Hong Kong
Des Voeux Road Central Branch China Insurance Group Building, 141 Des Voeux Road Central, Hong Kong
Des Voeux Road West Branch Western Centre, 40-50 Des Voeux Road West, Hong Kong
Aberdeen Centre Branch Shop 2, G/F, Site I, Aberdeen Centre, Aberdeen, Hong Kong
North Point Branch G/F, Winner House, 306-316 King's Road, North Point, Hong Kong
Cityplaza Branch Unit 065, Cityplaza I, Taikoo Shing, Hong Kong
Chai Wan Branch Shop No. 1-11, G/F, Block B, Walton Estate, 341-343 Chai Wan Road, Chai Wan, Hong Kong
Kowloon
Branch Address
Mong Kok Branch Basement & U/G, 673 Nathan Road, Mong Kok, Kowloon
Pioneer Centre Branch Shop 218, 2/F, Pioneer Centre, 750 Nathan Road, Kowloon
Kowloon City Branch 1/F, 18 Fuk Lo Tsun Road, Kowloon City, Kowloon
Tsim Sha Tsui Branch Basement, UG/F & 1/F, 82-84 Nathan Road, Tsim Sha Tsui, Kowloon
Peninsula Centre Branch Units G55-60, G/F & 1/F, Peninsula Centre, 67 Mody Road, Tsim Sha Tsui East, Kowloon
238 Nathan Road Branch Shop No. 1, 1/F, 238 Nathan Road, Kowloon
Hung Hom Branch G/F, Hung Hom Commercial Centre, 37-39 Ma Tau Wai Road, Hung Hom, Kowloon
Tin On Building Branch 777-779 Cheung Sha Wan Road, Kowloon
Tai Yau Street Branch 26-28 Tai Yau Street, San Po Kong, Kowloon
Telford Gardens Branch Shop Unit P16, Block G, Telford Plaza I, Kowloon Bay, Kowloon
Amoy Plaza Branch Shop G193 - 200 & 203, G/F, Amoy Plaza Phase II, 77 Ngau Tau Kok Road, Kowloon
Hoi Yuen Road Branch G/F, Wong Tze Building, 71 Hoi Yuen Road, Kwun Tong, Kowloon
New Territories
Branch Address
City Landmark Branch Shop No. 117-131, 1/F, City Landmark I, 68 Chung On Street, Tsuen Wan, New Territories
Citywalk Branch Shop G21-22, Citywalk, 1 Yeung Uk Road, Tsuen Wan, New Territories
Kwai Hing Branch Shop 2, 3/F, Sun Kwai Hing Plaza, 166-174 Hing Fong Road, Kwai Chung, New Territories
Kwai Fong Branch Shop 153-160, Level 1, Metroplaza, Kwai Fong, New Territories
Maritime Square Branch Shop 308 F, Level 3, Maritime Square, Tsing Yi, New Territories
Tuen Mun Town Plaza Branch Shop 1, UG/F, Shopping Arcade Phase II, Tuen Mun Town Plaza, Tuen Mun, New Territories
Yuen Long Branch G/F, HSBC Building Yuen Long, 150-160 Castle Peak Road, Yuen Long, New Territories
East Point City Branch Shop No. 198, East Point City, 8 Chung Wa Road, Tseung Kwan O, New Territories
Shatin Plaza Branch Shop 49, Level 1, Shatin Plaza, 21-27 Shatin Centre Street, Shatin, New Territories
Sunshine City Plaza Branch Shop No. 3010, Level 3, Sunshine City Plaza, Ma On Shan, New Territories
Jade Plaza Branch Shop No. 26, Jade Plaza, Tai Po, New Territories
Tai Po Branch G/F, 54-62 Kwong Fuk Road, Tai Po, New Territories
Sheung Shui Centre Branch Shop 1024-1028 & 1030-1031, Level 1, Sheung Shui Centre, Sheung Shui, New Territories

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Determine the deadline for enrolment into MPF scheme and contribution day of the first contribution (29 November 2013)

If a new non-casual employee remains in the same employment for not less than 60 days, employers are required to enrol this employee into an MPF scheme within 60 days since employment and make the first contributions on or before the 10th day after the last day of the month during which the 60th day of employment falls. When the 60th day of the employee's employment falls on a Saturday, a public holiday, a gale warning day or a black rainstorm warning day, the last date of the 60-day permitted period will be postponed to the following day which is not a Saturday, a public holiday, a gale warning day or a black rainstorm warning day.

The contribution day of the first contribution is the 10th day after the last day of the month during which the permitted period ends. If the contribution day is a Saturday, a public holiday, a gale warning day or a black rainstorm warning day, then it means the following day which is not a Saturday, a public holiday, a gale warning day or a black rainstorm warning day. However, for the purpose of determining the contribution day of the first contribution, there would be no postponement of the permitted period end date even if the last day of the permitted period is a Saturday, a public holiday, a gale warning day or a black rainstorm warning day.

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Making MPF contributions by direct debit instruction (9 October 2013)

To ensure the direct debit instruction for the settlement of MPF contributions can be processed successfully on the direct debit date, please ensure that you have sufficient funds in your bank account and the pre-set direct debit limit is higher than the amount of MPF contributions. If the direct debit could not be completed successfully, employers may become liable to a surcharge imposed by the MPFA due to default contributions.

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Amendment of Minimum Level of Relevant Income for MPF Contributions to HKD7,100 (30 September 2013)

The Legislative Council has passed an amendment of the minimum level of relevant income for MPF contributions from the original level of HKD6,500 to HKD7,100 per month, effective 1 November 2013. For the contribution periods starting on or after the effective date, employers should make appropriate adjustments to the employees' part of mandatory contributions according to the new level.

Self-employed persons should also make appropriate adjustments to their mandatory contributions according to the new minimum level of relevant income. Please note that if you are settling your contributions payment by direct debit, our system will deduct the mandatory contributions according to the new level automatically (if applicable).

For details, please visit the Mandatory Provident Fund Schemes Authority's website.

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New form for consolidation of multiple Personal Accounts (24 September 2013)

If you want to consolidate the accrued benefits from multiple existing MPF personal accounts owned by you into one single account of your election, you can complete and submit the Scheme Member's Request for Account Consolidation Form (Form MPF(S)-P(C)) to your elected trustee.

Please click here to download the form MPF(S)-P(C) from MPFA's website.

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Notice to Participating Employers and Scheme Members of HSBC Mandatory Provident Fund (22 August 2013)

Important: If you are in any doubt about the content of this notice, you should seek independent professional advice.

HSBC Mandatory Provident Fund - SuperTrust
HSBC Mandatory Provident Fund - SuperTrust Plus
HSBC Mandatory Provident Fund - SimpleChoice
HSBC Mandatory Provident Fund - ValueChoice
(Collectively "the HSBC MPF Schemes")

We are pleased to announce a number of enhancements to your HSBC MPF Schemes.

Management Fees Reductions

With effect from 1 February 2013, the management fees of selected constituent funds that are applicable to contribution accounts of current employment and self-employment under HSBC Mandatory Provident Fund - SuperTrust and HSBC Mandatory Provident Fund - SuperTrust Plus have been revised as follows:

HSBC Mandatory Provident Fund - SuperTrust:

Constituent fund name
Previous level of management fees1
(Percentage of NAV per annum)
New level of management fees1
(Percentage of NAV per annum)
Guaranteed Fund 2
1.95%
1.75%
Balanced Fund
1.85%
1.75%
Growth Fund
1.95%
1.75%

HSBC Mandatory Provident Fund - SuperTrust Plus:

Constituent fund name
Previous level of management fees1
(Percentage of NAV per annum)
New level of management fees1
(Percentage of NAV per annum)
Guaranteed Fund 2
1.95%
1.75%
Flexi-Managed Fund
1.50%
1.45%
Stable Fund
1.65%
1.60%
Stable Growth Fund
1.75%
1.70%
Balanced Fund
1.85%
1.75%
Growth Fund
1.95%
1.75%
North American Equity Fund
European Equity Fund
Asia Pacific Equity Fund
Hong Kong and Chinese Equity Fund
Chinese Equity Fund

1 Percentage per annum of the net asset value of the fund. For more details on the fees and charges, please refer to the relevant 'Principal Brochure'.
2 Guaranteed charge of 0.75% pa of NAV still applies in addition.

Please refer to the relevant 'Principal Brochure' for more details of the management fees and other applicable fees, charges and expenses of the constituent funds. Personal Account holders under HSBC Mandatory Provident Fund - SuperTrust, HSBC Mandatory Provident Fund - SuperTrust Plus and HSBC Mandatory Provident Fund - SimpleChoice can continue to enjoy a preferential rate on the management fees of designated constituent funds. For details, please click here.


HSBC MPF Principal Brochure Updates

We wish to highlight some of the key updates to the Principal Brochures of the HSBC MPF Schemes which are summarised as follows:

Applicable to all the HSBC MPF Schemes:

  • To align the wordings of the clause with all the HSBC MPF Schemes and reflect the information regarding the establishment cost of the relevant Explanatory Memorandum of underlying approved pooled investment funds, the disclosure in relation to the establishment cost of the approved pooled investment funds has been updated under the point (a) of explanatory notes in Part III - Fee Table with immediate effect; and
  • With effect from 1 December 2013, member may make partial withdrawal request in respect of benefits derived from voluntary contributions (including Flexi-Contributions) from up to 4 times to up to 12 times per scheme financial year free of charge, subject to a minimum withdrawal amount of HK$5,000 each time and employer consent (where applicable).

Only applicable to HSBC Mandatory Provident Fund - ValueChoice:

  • With immediate effect, the Principal Brochure of HSBC Mandatory Provident Fund - ValueChoice has been updated by incorporating the supplement dated 1 November 2012; and
  • With immediate effect, the weightings of the constituent stocks of Hang Seng Index and Hang Seng China Enterprises Index have been updated.

Only applicable to HSBC Mandatory Provident Fund - SuperTrust / HSBC Mandatory Provident Fund - SuperTrust Plus:

  • With immediate effect, the Principal Brochure of HSBC Mandatory Provident Fund - SuperTrust / HSBC Mandatory Provident Fund - SuperTrust Plus has been updated by incorporating the supplements dated 1 November 2012 and 1 February 2013; and
  • With immediate effect, the weightings of the constituent stocks of Hang Seng Index has been updated.

Only applicable to HSBC Mandatory Provident Fund - SimpleChoice:

  • With immediate effect, the Principal Brochure of HSBC Mandatory Provident Fund - SimpleChoice has been updated by incorporating the supplement dated 1 November 2012.

Please click here or call our HSBC MPF Employer Hotline (852) 2583 8033 or HSBC MPF Member Hotline (852) 3128 0128 for the latest version of the Principal Brochure for the HSBC MPF Schemes for full details of the above updates.

Issued by HSBC Life (International) Limited.

Note: Investment involves risks. Past performance is no guide to future performance. For further details including the product features and risks involved, please refer to the relevant 'Principal Brochure'.

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Guaranteed Interest Rate announcement for the new scheme financial year (28 June 2013)

The Guaranteed Interest Rate for the Guaranteed Fund offered under HSBC Mandatory Provident Fund-SuperTrust and HSBC Mandatory Provident Fund-SuperTrust Plus will remain at 0.125% per annum in the scheme financial year from 1 July 2013 to 30 June 2014.

Provided the Guarantee Conditions are met, scheme members will receive the higher of the actual investment return or the accumulated guaranteed return. Please refer to the 'Guarantee Feature' section under 'Guaranteed Fund' in Part II - Fund Structure of the relevant 'Principal Brochure' and any supplement to the Principal Brochure for details of the Guarantee Conditions.

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List of 40 designated branches for MPF services and enquiries (7 May 2013)

40 designated branches
Hong Kong
Branch Address
Hong Kong Office Level 3 & BL1, 1 Queen's Road Central, Hong Kong
Central Branch Basement, 29 Queen's Road Central, Central, Hong Kong
Exchange Square Branch Shop 102, 1/F, Exchange Square Podium, Central, Hong Kong
128 Queen's Road Central Branch V Heun Building, 128-140 Queen's Road Central, Central, Hong Kong
Hopewell Centre Branch Shop 2A, 2/F, Hopewell Centre, 183 Queen's Road East, Wan Chai, Hong Kong
Hay Wah Building Branch G/F, Hay Wah Building, 71-85 Hennessy Road, Wan Chai, Hong Kong
Sun Hung Kai Centre Branch Shop 115-117 & 127-133, 1/F, Sun Hung Kai Centre, 30 Harbour Road, Wan Chai, Hong Kong
Paterson Street Branch Shop G03-04, G/F, Hang Lung Centre, 2-20 Paterson Street, Causeway Bay, Hong Kong
Causeway Bay Branch Shop G08, G/F & 1/F, Causeway Bay Plaza 2, 463-483 Lockhart Road, Hong Kong
Des Voeux Road Central Branch China Insurance Group Building, 141 Des Voeux Road Central, Hong Kong
Des Voeux Road West Branch Western Centre, 40-50 Des Voeux Road West, Hong Kong
Aberdeen Centre Branch Shop 2, G/F, Site I, Aberdeen Centre, Aberdeen, Hong Kong
North Point Branch G/F, Winner House, 306-316 King's Road, North Point, Hong Kong
Cityplaza Branch Unit 065, Cityplaza I, Taikoo Shing, Hong Kong
Kowloon
Branch Address
Mong Kok Branch Basement & U/G, 673 Nathan Road, Mong Kok, Kowloon
Pioneer Centre Branch Shop 218, 2/F, Pioneer Centre, 750 Nathan Road, Kowloon
Kowloon City Branch 1/F, 18 Fuk Lo Tsun Road, Kowloon City, Kowloon
Tsim Sha Tsui Branch Basement, UG/F & 1/F, 82-84 Nathan Road, Tsim Sha Tsui, Kowloon
East Ocean Centre Branch Shop No. G10-G11, G/F, East Ocean Centre, 98 Granville Road, Tsim Sha Tsui East, Kowloon
238 Nathan Road Branch Shop No. 1, 1/F, 238 Nathan Road, Kowloon
Hung Hom Branch G/F, Hung Hom Commercial Centre, 37-39 Ma Tau Wai Road, Hung Hom, Kowloon
Tin On Building Branch 777-779 Cheung Sha Wan Road, Kowloon
Tai Yau Street Branch 26-28 Tai Yau Street, San Po Kong, Kowloon
Telford Gardens Branch Shop Unit P16, Block G, Telford Plaza I, Kowloon Bay, Kowloon
Amoy Plaza Branch Shop G193 - 200 & 203, G/F, Amoy Plaza Phase II, 77 Ngau Tau Kok Road, Kowloon
Kwun Tong Branch No. 1, Yue Man Square, Kwun Tong, Kowloon
Hoi Yuen Road Branch G/F, Wong Tze Building, 71 Hoi Yuen Road, Kwun Tong, Kowloon
New Territories
Branch Address
City Landmark Branch Shop No. 117-131, 1/F, City Landmark I, 68 Chung On Street, Tsuen Wan, New Territories
Citywalk Branch Shop G21-22, Citywalk, 1 Yeung Uk Road, Tsuen Wan, New Territories
Kwai Hing Branch Shop 2, 3/F, Sun Kwai Hing Plaza, 166-174 Hing Fong Road, Kwai Chung, New Territories
Kwai Fong Branch Shop 153-160, Level 1, Metroplaza, Kwai Fong, New Territories
Maritime Square Branch Shop 308 F, Level 3, Maritime Square, Tsing Yi, New Territories
Tuen Mun Town Plaza Branch Shop 1, UG/F, Shopping Arcade Phase II, Tuen Mun Town Plaza, Tuen Mun, New Territories
Yuen Long Branch G/F, HSBC Building Yuen Long, 150-160 Castle Peak Road, Yuen Long, New Territories
East Point City Branch Shop No. 198, East Point City, 8 Chung Wa Road, Tseung Kwan O, New Territories
Shatin Plaza Branch Shop 49, Level 1, Shatin Plaza, 21-27 Shatin Centre Street, Shatin, New Territories
Sunshine City Plaza Branch Shop No. 3010, Level 3, Sunshine City Plaza, Ma On Shan, New Territories
Jade Plaza Branch Shop No. 26, Jade Plaza, Tai Po, New Territories
Tai Po Branch G/F, 54-62 Kwong Fuk Road, Tai Po, New Territories
Sheung Shui Centre Branch Shop 1024-1028 & 1030-1031, Level 1, Sheung Shui Centre, Sheung Shui, New Territories

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Safe Use of Internet Banking and Beware of Fraudulent Emails (24 April 2013)

Important reminders:

  • If unusual screens pop up and/or the computer's response is unusually slow, customers are advised to log out the Internet Banking completely and scan the computer with the most updated version of virus protection software
  • When receiving suspicious emails, never click on the embedded URLs or open the attachment(s)
  • Review recent transactions in your account(s), and contact us immediately if any unusual transaction record is found
  • Pay attention to SMS message from HSBC for any unauthorized third party transfer (applicable to HSBC bank account holder only)
  • HSBC will not ask you to click on a hyperlink or reply to any emails / SMS to confirm any personal data / password

For details, please visit our Security and Fraud Centre.

For further enquiries, please contact our HSBC MPF Employer Hotline (852) 2583 8033 or HSBC MPF Member Hotline (852) 3128 0128.

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Notice to Participating Employers and Scheme Members of HSBC Mandatory Provident Fund (11 January 2013)

Important: If you are in doubt about the meaning or the effect of the contents below, you should seek independent professional advice.

HSBC Mandatory Provident Fund - SuperTrust
HSBC Mandatory Provident Fund - SuperTrust Plus

With effect from 1 February 2013, the management fees of selected constituent funds that are applicable to contribution accounts of current employment and self-employment under HSBC Mandatory Provident Fund - SuperTrust and HSBC Mandatory Provident Fund - SuperTrust Plus will be revised as follows:

HSBC Mandatory Provident Fund - SuperTrust

Constituent fund name
Current level of management fees1
New level of management fees1
Guaranteed Fund2
1.95%
1.75%
Balanced Fund
1.85%
1.75%
Growth Fund
1.95%
1.75%

1 Percentage per annum of the net asset value of the fund. For more details on the fees and charges, please refer to the relevant 'Principal Brochure'.
2 0.75% guaranteed charge still applies in addition.

HSBC Mandatory Provident Fund - SuperTrust Plus

Constituent fund name
Current level of management fees1
New level of management fees1
Guaranteed Fund2
1.95%
1.75%
Flexi-Managed Fund
1.50%
1.45%
Stable Fund
1.65%
1.60%
Stable Growth Fund
1.75%
1.70%
Balanced Fund
1.85%
1.75%
Growth Fund
1.95%
1.75%
North American Equity Fund
European Equity Fund
Asia Pacific Equity Fund
Hong Kong and Chinese Equity Fund
Chinese Equity Fund

1 Percentage per annum of the net asset value of the fund. For more details on the fees and charges, please refer to the relevant 'Principal Brochure'.
2 0.75% guaranteed charge still applies in addition.

The information has been updated in the relevant Supplement to the 'Principal Brochure' and is available for download from here. If you wish to request a copy of the Supplement to the 'Principal Brochure', please call our HSBC MPF Employer Hotline (852) 2583 8033 or HSBC MPF Member Hotline on (852) 3128 0128.

Issued by HSBC Life (International) Limited.

Note: Investment involves risks. Past performance is no guide to future performance. For further details including the product features and risks involved, please refer to the relevant 'Principal Brochure'.

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Risk ratings for Constituent Funds is available in the Monthly Fund Performance Summary (28 December 2012)

Please refer to the Monthly Fund Performance Summary for the latest risk ratings of the Constituent Funds of HSBC MPF schemes, which is available for download here.

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Update of Fund Risk Ratings (9 December 2012)

With effect from 9 December 2012, the descriptions of risk ratings of constituent funds under the HSBC Mandatory Provident Fund will be updated as below:

Rating Definition Description
1 Low Risk Minimal chance of losing a significant portion of your capital over the term of the investment (although this is not guaranteed). Expected to demonstrate minimal price fluctuations over short periods of time.
2 Low to Medium Risk Low chance of losing a significant portion of your capital over the term of the investment (although this is not guaranteed). Expected to demonstrate a moderately low level of price fluctuations over short periods of time.
3 Medium Risk Moderate chance of losing a significant portion of your capital over the term of the investment (although this is not guaranteed). Expected to demonstrate a moderate level of price fluctuations over short periods of time.
4 Medium to High Risk Moderately high chance of losing a significant portion of your capital over the term of the investment. Expected to demonstrate a moderately high level of price fluctuations over short periods of time.
5 High Risk High chance of losing a significant portion of your capital over the term of the investment. Expected to demonstrate a high level of price fluctuations over short periods of time.

The investment risk rating of each constituent fund is derived based on a combination of quantitative and qualitative risk factors including price volatility, issuer risk and liquidity. The risk ratings of the constituent funds of HSBC MPF schemes according to the data as at 30 September 2012 could be found in the Fund Fact Sheet.

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Notice to Participating Employers and Scheme Members of HSBC Mandatory Provident Fund (1 October 2012)

Important: If you are in any doubt about the content of this notice, you should seek independent professional advice

HSBC Mandatory Provident Fund - SuperTrust
HSBC Mandatory Provident Fund - SuperTrust Plus
HSBC Mandatory Provident Fund - SimpleChoice
HSBC Mandatory Provident Fund - ValueChoice

We are writing to provide you updated information about the implementation of Employee Choice Arrangement.

The Mandatory Provident Fund Schemes (Amendment) Ordinance 2009 (the "Amendment Ordinance") was gazetted on 17 July 2009. The Employee Choice Arrangement will be fully implemented with effect from 1 November 2012. Some major changes from the Amendment Ordinance are summarised below for reference:

  • Rename "preserved account" to "personal account";
  • Enable employees to transfer their accrued benefits derived from employee's mandatory contributions under current employment to their personal accounts under a master trust scheme or an industry scheme once in every calendar year;
  • Enable employees to transfer their accrued benefits derived from mandatory contributions from former employment and/or former self-employment in their contribution accounts to another contribution accounts or a personal accounts under a MPF scheme at any time;
  • The Mandatory Provident Fund Schemes Authority ("MPFA") will establish a register of personal accounts for members' checking; and
  • Any amount of transfer fees and charges imposed and received under section 34 of the Mandatory Provident Fund Schemes (General) Regulation (the "General Regulation") must be used to reimburse the relevant constituent fund.

The above information is for reference only. For further details of the Amendment Ordinance, please visit the MPFA's website at www.mpfa.org.hk.

The Principal Brochures and the Master Trust Deeds of HSBC Mandatory Provident Fund - SuperTrust, HSBC Mandatory Provident Fund - SuperTrust Plus, HSBC Mandatory Provident Fund - SimpleChoice and HSBC Mandatory Provident Fund - ValueChoice have been amended and updated. The key changes include, but not limited to, necessary changes to implement the Employee Choice Arrangement mentioned above.

If you are currently investing in the respective Guaranteed Fund under HSBC Mandatory Provident Fund - SuperTrust or HSBC Mandatory Provident Fund - SuperTrust Plus, a transfer of the accrued benefits by exercising the above mentioned rights may result in some or all of the Guarantee Conditions not being satisfied; thus affecting your entitlement to the guarantee and you may lose your guarantee. For details, please check the relevant Principal Brochure or contact our HSBC MPF Member Hotline (852) 3128 0128 before making any such transfer.

In addition, with effect from 1 November 2012, if you elect to transfer your accrued benefits in the respective Guaranteed Fund under HSBC Mandatory Provident Fund - SuperTrust or HSBC Mandatory Provident Fund - SuperTrust Plus from your existing employee member contribution account to a personal account (as defined in the General Regulation) under the scheme by exercising the above mentioned rights, one of the Guarantee Conditions, namely, termination of employment, will not be applicable to the accrued benefits held in the personal account. However, the other Guaranteed Conditions will still be applicable to the accrued benefits held in the personal account. The relevant section in the Principal Brochure has been enhanced in this regard and, for the avoidance of doubt, the revisions include a clarification that the Guarantee Condition - Termination of Employment, does not apply to the balances in a personal account (as defined in the General Regulation) invested in the Guaranteed Fund. For details please check the updated Principal Brochure or contact our HSBC MPF Member Hotline (852) 3128 0128 before making any such transfer.

A clarification has also been made to the updated Principal Brochures to make it clear that if your account balance invested in the respective Guaranteed Fund is withdrawn and invested in the same Guaranteed Fund via a new account within the same registered scheme, such withdrawal and investment shall constitute a transfer of accrued benefits within the same registered scheme. The actual balance and the guaranteed balance in the new account immediately after any such transfer shall have the same value and nominal balance respectively as the actual balance and the guaranteed balance in the existing account immediately before such transfer provided the transfer request is received or processed on or after the relevant Effective Date in the table below.

Transfers of(1) Transfer to(1) Effective Date
Employee mandatory contributions attributable to current employment in a contribution account A personal account within the same registered scheme 1 November 2012
Mandatory contributions from former employment or self employment in a contribution account Another contribution account within the same registered scheme 1 November 2012
Mandatory contributions from former employment or self employment in a contribution account A personal account within the same registered scheme 1 November 2012
Accrued benefits in a personal account(2) Another personal account within the same registered scheme 1 January 2013
Accrued benefits in a personal account(2) A contribution account within the same registered scheme 1 January 2013

Notes

(1) The terms "personal account" and "contribution account" shall have the same meaning as they have in the General Regulation.

(2) If the transfer request is received and/or processed before the relevant Effective Date, immediately after such transfer, the Actual Balance in the new account shall be the same as the Actual Balance in the existing account immediately prior to the transfer, but the Guaranteed Balance in the new account will be equal to the Actual Balance immediately after the transfer.

For all the scenarios as stated in the table above, for the financial year to which the transfer relates the Guaranteed Balance shall continue to be calculated by taking the value of the Guaranteed Balance immediately after the transfer, adding other contributions in respect of the Member or the Deferred Member that have been applied to purchase units during the financial year, accumulated at the Guaranteed Interest Rate; and deducting a portion of the Guaranteed Balance corresponding to amounts withdrawn (if any) from the Guaranteed Fund.

Other updates in the Principal Brochures include, but not limited to, renaming "personal contributions" to "Flexi-Contributions", latest weightings of the constituent stocks of Hang Seng Index (except HSBC Mandatory Provident Fund - SimpleChoice) and Hang Seng China Enterprises Index (applicable to HSBC Mandatory Provident Fund - ValueChoice only), and other expenses payable by the Funds in the explanatory notes to reflect the relevant provisions of the relevant Master Trust Deed.

Further, key changes of the Master Trust Deed of HSBC Mandatory Provident Fund - SuperTrust, HSBC Mandatory Provident Fund - SuperTrust Plus and HSBC Mandatory Provident Fund - SimpleChoice also include, but not limited to, the following:

  • Clause 15(C)(ii)(a) is amended as underlined below:

"(a) Notwithstanding Clause 15(A) above, where the Trustee determines to be reasonably practicable, any costs, fees and expenses which the Trustee and the Administrator determine to be wholly attributable to a specific Employer, Member or Deferred Member or the participation in the Scheme of the specific Employer may be paid and borne by that Employer or that Member or that Deferred Member (as the Trustee and the Administrator may agree.)"

Please refer to the Supplement to the Principal Brochure for the relevant schemes for further details of all the changes made. Please click here to download the relevant Supplement to the Principal Brochure. Hard copies are also available on request from our enquiry hotline.

All members and participating employers are entitled to the benefit of and bound by the provisions of the relevant Master Trust Deed and its amendments. Please refer to the relevant Master Trust Deed and its amendments for further details of all the changes made. Copies of the Master Trust Deed and the Deed of Variation as for the time being in force may be inspected during normal working hours at the offices of the Administrator free of charge and/or obtained from the Administrator at a cost of HK$500 each.

For further information, please feel free to contact our HSBC MPF Employer Hotline (852) 2583 8033 or HSBC MPF Member Hotline (852) 3128 0128.

Issued by HSBC Life (International) Limited

Note: Investment involves risks. Past performance is no guide to future performance. For further details including the product features and risks involved, please refer to the relevant 'Principal Brochure'.

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'Employee Choice Arrangement' begins on 1 November 2012 (28 September 2012)

According to the announcement from the Mandatory Provident Fund Schemes Authority ('MPFA'), the 'Employee Choice Arrangement' becomes effective on 1 November 2012. Upon implementation, employer will still deduct mandatory contributions from their employee's relevant income and pay the mandatory contributions to their employee's MPF contribution account of the existing trustee and scheme for each payroll period. Nevertheless, employees can choose once per calendar year to transfer the accrued benefits derived from their employee's mandatory contributions to the trustee and scheme for the management at their own choices. Please note that the accrued benefits derived from the employer's mandatory contributions under current employment have to be retained in the MPF scheme selected by the employer until the employment ends. You may also visit the MPFA's website at www.mpfa.org.hk, to know more about the details of 'Employee Choice Arrangement'.

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Monthly Fund Performance Summary (20 September 2012)

Starting from September 2012, HSBC MPF issues the Monthly Fund Performance Summary to provide you with an up-to-date fund information. The first edition includes information on MPF funds as at 31 July 2012. The latest Monthly Fund Performance Summary is available for download from here.

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Guaranteed Interest Rate announcement for the new scheme year (29 June 2012)

The Guaranteed Interest Rate for our MPF Guaranteed Fund offered under SuperTrust and SuperTrust Plus will remain at 0.125% per annum, from1 July 2012 to 30 June 2013.

Provided the Guarantee Conditions are met, this is the minimum return that your employees will receive. Your employees will receive the higher of the actual investment return or the accumulated guaranteed return when payment is made. The Guarantee Conditions remain unchanged and are stated in the Principal Brochure.

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Amendment of Maximum Level of Relevant Income for MPF Mandatory Contributions to HKD25,000 (30 April 2012)

The Legislative Council has passed the amendment of the maximum level of relevant income for MPF mandatory contributions, effective 1 June 2012. For monthly-paid regular employees, the maximum level of relevant income has been amended from HKD20,000 to HKD25,000 monthly. The maximum mandatory contributions will be adjusted from HKD1,000 to HKD1,250 monthly accordingly.

For self-employed persons, the maximum level of relevant income has been amended from HKD20,000 to HKD25,000 monthly and from HKD240,000 to HKD300,000 yearly. The maximum mandatory contributions will be adjusted from HKD1,000 to HKD1,250 monthly or from HKD12,000 to HKD15,000 yearly accordingly.

For the contribution periods starting on or after the effective date, employers and self-employed persons should make appropriate adjustments to the mandatory contributions according to the new maximum level of relevant income.

For details, please visit the Mandatory Provident Fund Schemes Authority's website.

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Please turn off SMS forwarding function during the registration of HSBC Personal Internet Banking MPF and ORSO service (16 March 2012)

A SMS passcode will be sent to your registered mobile phone number in order to complete the identity verification process during registration of HSBC Personal Internet Banking MPF and ORSO service. Please make sure that your mobile device is turned on and have turned off SMS forwarding function during the registration process if you have subscribed to such service.

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New Security Device for HSBC Business Internet Banking MPF service (5 December 2011)

HSBC will launch a new Security Device for its Business Internet Banking MPF service in December 2011.

You may request for a new Security Device via Business Internet Banking anytime after 5 December 2011. Simply log on with existing Security Device and click the 'Request for New Security Device' link on 'MPF Services' page, then follow the on-screen instructions to complete the request. The new Security Device will be sent to your correspondence address for Business Internet Banking MPF service. If you want to update the address, please complete the Business Internet Banking Mandatory Provident Fund (MPF) Service Amendment Request Form and return it to us.

Please note that you can still use your existing Security Device for logging on to Business Internet Banking MPF service.

For further information, please click here.

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Update on HSBC MPF SuperTrust/SuperTrust Plus/SimpleChoice Principal Brochure (5 December 2011)

The latest version of HSBC MPF SuperTrust/SuperTrust Plus/SimpleChoice Principal Brochure has been updated by incorporating the supplements dated 9 February 2011, 9 May 2011 and 12 August 2011. The contents remain unchanged, except for the latest weightings of the constituent stocks of Hang Seng Index (applicable to SuperTrust and SuperTrust Plus only).

Please click here to download the latest version.

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Amendment of Minimum Level of Relevant Income for MPF Contributions to HK$6,500 (1 November 2011)

The Legislative Council has passed an amendment of the minimum level of relevant income for MPF contributions from the original level of HK$5,000 to HK$6,500 per month, effective 1 November 2011.For the contribution periods starting on or after the effective date, employers should make appropriate adjustments to the employees' part of mandatory contributions according to the new level.

Self-employed persons should also make appropriate adjustments to their mandatory contributions according to the new minimum level of relevant income. Please note that if you are settling your contributions payment by direct debit, our system will deduct the mandatory contributions according to the new level automatically (if applicable).

For details, please visit the MPFA's website.

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Notice to scheme members on HSBC MPF Principal Brochure updates (22 August 2011)

This notice is important and requires your immediate attention. If you are in doubt about the meaning or the effect of the contents below, you should seek independent professional advice.

Restructuring of Guaranteed Funds
HSBC Mandatory Provident Fund - SuperTrust
HSBC Mandatory Provident Fund - SuperTrust Plus

The Guaranteed Fund under HSBC Mandatory Provident Fund - SuperTrust and HSBC Mandatory Provident Fund - SuperTrust Plus respectively (the "Guaranteed Funds") currently invests in an approved pooled investment fund in form of an insurance policy (i.e. the MPF Guaranteed Fund) which in turn invests in the underlying investments.

The respective approved pooled investment fund in the form of an insurance policy (i.e. the MPF Guaranteed Fund) being held by the Guaranteed Funds will be restructured to consist only of investments held in Hong Kong ("Restructuring"). Investments held in Hong Kong include units of an approved pooled investment fund which is an authorised unit trust and established in accordance with the Mandatory Provident Fund Schemes Ordinance.

As a result of the Restructuring, with effect from 1 December 2011, the Guaranteed Funds shall invest respectively in an approved pooled investment fund in the form of insurance policy (i.e. the MPF Guaranteed Fund), which in turn invests in an approved pooled investment fund in the form of a unit trust (i.e. the HSBC MPF 'A' - Mixed Asset Fund). Such unit trust shall in turn invest in the underlying investments.

These changes to the Guaranteed Funds are made with a view to further enhance the protection of the interests of Members who invest into the Guaranteed Funds. There will be no change to the investment objective and policy of the underlying investment of the Guaranteed Funds which may ultimately invest in, among other things, global bonds, equities and cash. The guaranteed features, Management fees and Guarantee charges of the Guaranteed Funds remain unchanged. Please refer to the latest version of the relevant 'Principal Brochure' for full details, including, but not limited to, other fees, charges and expenses concerning the Guaranteed Funds.

The relevant Principal Brochure will be amended accordingly to reflect the above changes effect from 1 December 2011, including, but not limited to the sections of 'Investment Managers', 'Investment Adviser' and 'Fund Structure' section in the relevant Principal Brochure. Further, the amendments will also include the removal of Halbis Capital Management (Hong Kong) Limited and Sinopia Asset Management (UK) Limited as the Investment Advisers of the MPF Guaranteed Fund.

Enhancement of disclosure
HSBC Mandatory Provident Fund - SuperTrust
HSBC Mandatory Provident Fund - SuperTrust Plus
HSBC Mandatory Provident Fund - SimpleChoice

For the purpose of enhancement of disclosure, changes had been made to the relevant Principal Brochure with immediate effect. A summary of the key changes to the relevant Principal Brochure(s) are set out below:

HSBC Mandatory Provident Fund - SimpleChoice
The 'Investment and borrowing restrictions' section is amended to enhance the disclosure in connection with security lending and repurchase agreements for the underlying approved pooled investment funds.

HSBC Mandatory Provident Fund - SuperTrust, HSBC Mandatory Provident Fund - SuperTrust Plus and HSBC Mandatory Provident Fund - SimpleChoice
The 'General risk factors' section of 'Investment risks and risk factors' section is amended to enhance the disclosure in connection with general risk factors regarding investment by an investment fund, directly or indirectly, in other underlying investment fund(s), including but not limited to ITCIS(s).

Please click here to download the Supplement(s) to the Principal Brochure and the latest version of the Principal Brochure for the relevant schemes for full details of the above updates. For further information, please contact HSBC MPF Member Hotline (852) 3128 0128.

Issued by HSBC Life (International) Limited

Notes: Investment involves risk. Past performance is no guide to future performance. For further details including the product features and risks involved, please refer to the relevant 'Principal Brochure'.

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Transfer-In/Out Summary and Details of Transactions (29 July 2011)

Starting from now, please be advised that you may obtain detailed information about the transfer and transaction(s) processed in your account(s) of six most recent quarters by submitting a written request to the following address:

Retirement Benefits Administration
HSBC Life (International) Limited
PO Box 73770
Kowloon Central Post Office

  • Frequently Asked Questions about Transfer-In/Out Summary and Details of Transactions

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  • Guaranteed Interest Rate announcement for the new scheme year (4 July 2011)

    The Guaranteed Interest Rate for our MPF Guaranteed Fund offered under SuperTrust and SuperTrust Plus will be changed to 0.125% per annum, from 1 July 2011 to 30 June 2012.

    Provided the Guarantee Conditions are met, this is the minimum return that your employees will receive. Your employees will receive the higher of the actual investment return or the accumulated guaranteed return when payment is made. The Guarantee Conditions remain unchanged and are stated in the Principal Brochure.

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    Notice to Participating Employers and Scheme Members of HSBC Mandatory Provident Fund ("HSBC MPF") (31 May 2011)

    Important: If you are in any doubt about the content of this notice, you should seek independent professional advice.

    HSBC MPF - SuperTrust, SuperTrust Plus, SimpleChoice
    (collectively "the Schemes")

    As the trustee of the Schemes, HSBC Provident Fund Trustee (Hong Kong) Limited would like to inform you that the calculation for the Fund Expense Ratio ("FER") for the Constituent Funds of the Schemes for the financial period ended 30 June 2010 as shown in the Fund Fact Sheets for the 4th Quarter of 2010 and the FER and the related figures in the On-Going Cost Illustrations ("OCI") for the Schemes as at 30 June 2010 have been revised. Please click here to download the revised copy.

    The revised figures for the relevant FERs' are as follows:

    Name of Constituent Fund
    Fund Expense Ratio ('FER')
    30 June 2010
    Revised Figures
    Previous Figures
    HSBC Mandatory Provident Fund - SuperTrust
    MPF Conservative Fund
    0.27% (No change)
    0.27%
    Guaranteed Fund
    2.80%
    2.77%
    Hang Seng Index Tracking Fund
    1.61%
    1.58%
    Balanced Fund
    2.07%
    2.04%
    Growth Fund
    2.18%
    2.15%
    HSBC Mandatory Provident Fund - SuperTrust Plus
    MPF Conservative Fund
    0.26% (No change)
    0.26%
    Guaranteed Fund
    2.80%
    2.77%
    Hang Seng Index Tracking Fund
    1.60%
    1.57%
    Balanced Fund
    2.07%
    2.04%
    Growth Fund
    2.17%
    2.14%
    Stable Growth Fund
    1.91%
    1.88%
    Hong Kong and Chinese Equity Fund
    2.20%
    2.17%
    North American Equity Fund
    2.10%
    2.07%
    European Equity Fund
    2.08%
    2.05%
    Asia Pacific Equity Fund
    2.11%
    2.08%
    HSBC Mandatory Provident Fund - SimpleChoice
    MPF Conservative Fund
    0.26% (No change)
    0.26%
    Global Bond Fund
    1.51%
    1.48%
    Global Equity Fund
    1.70%
    1.67%

    Please click here to download the revised OCI for the revised OCI figures.

    We apologise for any inconvenience caused. Should you have any queries, please contact the HSBC MPF Member Hotline at (852) 3128 0128.


    Issued by HSBC Provident Fund Trustee (Hong Kong) Limited

    Remarks
    Investment involves risks. Past performance is no guide to future performance. For further details including the product features and risks involved, please refer to the relevant 'Principal Brochure'.

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    Update of the HSBC Mandatory Provident Fund 'Principal Brochure' (9 February 2011)

    If you are in doubt about the meaning or the effect of the contents below, you should seek independent professional advice.

    With effect from 1 March 2011, the management fees of the selected constituent funds under HSBC Mandatory Provident Fund - SuperTrust, HSBC Mandatory Provident Fund - SuperTrust Plus and HSBC Mandatory Provident Fund - SimpleChoice will be revised as follows:

    SuperTrust

    Constituent fund
    Current level of management fees*
    New level of management fees*
    MPF Conservative Fund
    1.25%
    0.79%
    Hang Seng Index Tracking Fund
    1.50%
    0.90%

    SuperTrust Plus

    Constituent fund
    Current level of management fees*
    New level of management fees*
    MPF Conservative Fund
    1.25%
    0.79%
    Global Bond Fund
    1.25%
    0.99%
    Hang Seng Index Tracking Fund
    1.50%
    0.90%

    SimpleChoice

    Constituent fund
    Current level of management fees*
    New level of management fees*
    MPF Conservative Fund
    1.25%
    0.79%
    Global Bond Fund
    1.25%
    0.99%

    * Percentage per annum of the net asset value of the fund. For more details on the fees and charges, please refer to the relevant 'Principal Brochure'.

    The information has been updated in the relevant Supplement to the Principal Brochure and is available for download here. If you wish to request a copy of the Supplement to the Principal Brochure, please call our HSBC MPF Member Hotline on (852) 3128 0128.


    Issued by HSBC Life (International) Limited

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    Terms and Conditions of Member Services for MPF and/or ORSO Defined Contribution Scheme under HSBC Internet Banking have been updated (13 September 2010)

    Please click here to read the latest version.

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    HSBC MPF Interactive Voice Response System (IVRS) PIN is no longer applicable for the HSBC Internet Banking Registration (6 September 2010)

    Starting from 12 Sept 2010, HSBC MPF customers cannot use their HSBC IVRS PIN to register for HSBC Personal Internet Banking (PIB). Instead of that, the customers can use their Membership number and registered mobile phone number to process the PIB Registration. If you have not provided your mobile phone number to us or would like to update it, please complete and return the "Personal Details Change Form" to us (Please click here to download). You may start the HSBC Internet Banking Registration after your record is updated.

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    Notice to participating employers and scheme members on MPF Principal Brochure updates (23 August 2010)

    This notice is important and requires your immediate attention. If you are in doubt about the meaning or the effect of the contents below, you should seek independent professional advice.

    In summary, the Principal Brochures of HSBC MPF SuperTrust, SuperTrust Plus and SimpleChoice have been updated to reflect a number of changes including:

    • The section of 'Investment risks and risk factors' has been updated with enhancement made in the disclosure of risks associated with the investments;
    • The fund description of the following Constituent Funds has been enhanced to reflect an extension of the use of ITCIS (index-tracking collective investment schemes) in the underlying investments as allowed under the Mandatory Provident Fund Schemes (General) Regulation, and the amendment will take effect from 1 December 2010:

      SuperTrust
      Balanced Fund and Growth Fund

      SuperTrust Plus
      Global Bond Fund, Flexi-Managed Fund, Stable Fund, Stable Growth Fund, Balanced Fund, Growth Fund, North American Equity Fund, European Equity Fund, Asia Pacific Equity Fund and Hong Kong and Chinese Equity Fund

      SimpleChoice
      Global Bond Fund and Global Equity Fund

      There has been no material change to the investment objectives and policies of the above Constituent Funds. The features and the fees and charges of the above Constituent Funds remain unchanged.

    • The disclosure of credit risk for the Guaranteed Fund under SuperTrust and SuperTrust Plus has been enhanced. It includes the explanation that investments in the insurance policy are held as the assets of the Insurer. If the Insurer is liquidated, investors may not have access to their investments temporarily, or their value may be reduced, and the guarantee may not be available.
    • The fund description of all the Constituent Funds and other explanation of the investments of the Constituent Funds have also been updated for the purpose of enhancement of disclosure.

    Other updates include but not limited to the latest weightings of the constituent stocks of Hang Seng Index (applicable to SuperTrust and SuperTrust Plus only), the registered address of the Trustee and Custodian, and the company name of the Legal Adviser in English.

    The updated 'Principal Brochure' is now available for download here. Hard copies are also available on request from our enquiry hotlines. For further information, please contact HSBC MPF Employer Hotline (852) 2583 8033 or HSBC MPF Member Hotline (852) 3128 0128.

    HSBC Provident Fund Trustee (Hong Kong) Limited accepts responsibility for the accuracy of the information contained in this notice.

    Notes: Investment involves risk. Past performance is no guide to future performance. For further details including the product features and risks involved, please refer to the relevant 'Principal Brochure'.

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    New risk rating scale for Constituent Funds (12 August 2010)

    A new risk rating scale is launched for all Constituent Funds under HSBC MPF SuperTrust, SuperTrust Plus and SimpleChoice through the Fund Fact Sheet for the second quarter of 2010.

    The Constituent Funds were previously being classified into three levels of risk: conservative, moderate and aggressive. The new risk rating scale is more comprehensive with five levels of risk. Each of the Constituent Funds is being classified into one of the following risk ratings: 1 (low risk), 2 (low to medium risk), 3 (medium risk), 4 (medium to high risk) and 5 (high risk).

    The new risk ratings should supersede any previous risk classification and related information in other HSBC MPF publications and at HSBC MPF website. You may regularly check the latest risk ratings of the Constituent Funds of your MPF scheme through the Fund Fact Sheet, which is available for download here.

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    Guaranteed Interest Rate announcement for the new scheme year (2 July 2010)

    The Guaranteed Interest Rate for our MPF Guaranteed Fund offered under SuperTrust and SuperTrust Plus will remain at 0.025% per annum, from 1 July 2010 to 30 June 2011.

    Provided the Guarantee Conditions are met, this is the minimum return that your employees will receive. Your employees will receive the higher of the actual investment return or the accumulated guaranteed return when payment is made. The Guarantee Conditions remain unchanged and are stated in the Principal Brochure.

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    Terms and Conditions for HSBC MPF Member Services have been updated (18 March 2010)

    Please click here to read the latest version.

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    Availability of On-going Cost Illustrations for HSBC Mandatory Provident Fund - SimpleChoice (18 December 2009)

    A document that illustrates the on-going costs on contributions to constituent funds in HSBC Mandatory Provident Fund - SimpleChoice (except for the MPF Conservative Fund) is distributed with the 'Principal Brochure'. Before making any investment decisions concerning MPF investments, you should ensure that you have the latest version of this document which is available at our 'Download Forms and Documents' section.

    Availability of the On-going Cost Illustrations has also been stated in the Supplement to the HSBC Mandatory Provident Fund - SimpleChoice Principal Brochure dated 15 December 2009.

    For further enquiries, please contact the HSBC MPF Member Hotline on (852) 3128 0128.

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    Statutory Declaration on reason on cessation of employment and Severance Payment / Long Service Payment and Transfer of Accrued Benefits with Outstanding Contributions (5 November 2009)

    To enable employees to transfer their accrued benefits under their MPF account after their cessation of the employment, a new Statutory Declaration form (INSD) is available for employees to make a declaration in the circumstances below:

    • the trustee concerned is satisfied that the former employer cannot be located or the employer concerned refuses to submit written notice to the trustee about the cessation of the employment of the employee; and
    • the employee concerned has accrued benefits attributable to the employer's voluntary contributions and/or ORSO transfer; or
    • the employee concerned has completed at least two years of service with the employer.

    This form should be submitted together with the Statutory Declaration on Cessation of Employment (MPF(S)-C(SD)).

    If you need more information about how to make a statutory declaration, you may click here to read the explanation.

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    Rename of Capital Preservation Fund to MPF Conservative Fund (7 August 2009)

    With effect from 9 August 2009, Capital Preservation Fund under SuperTrust, SuperTrust Plus and SimpleChoice has been renamed to MPF Conservative Fund.

    For more details on the funds, please refer to the relevant Principal Brochure.

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    Guaranteed Interest Rate announcement for the new scheme year (30 June 2009)

    The Guaranteed Interest Rate for our MPF Guaranteed Fund offered under SuperTrust and SuperTrust Plus will be changed to 0.025% per annum, from 1 July 2009 to 30 June 2010.

    Provided the Guarantee Conditions are met, this is the minimum return that your employees will receive. Your employees will receive the higher of the actual investment return or the accumulated guaranteed return when payment is made. The Guarantee Conditions remain unchanged and are stated in the Principal Brochure.

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    Report Relevant Income of Employees Aged 65 or Above in the Remittance Statement (25 June 2009)

    Employers may report the relevant income of employees aged 65 or above on the Remittance Statement for our record despite mandatory contributions are not required for these members.

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    Change of MPF cut off time for submission of investment instruction (18 April 2009)

    Starting from 4 May 2009, investment instruction placed via HSBC Internet Banking or interactive voice response system at or before 4:00 pm (Hong Kong time) on any business day will normally be processed on the same day.

    If we receive your instructions after 4:00 pm (Hong Kong time) on any business day, or anytime on a Saturday, public holiday or other non-business day, your instructions will normally be processed on the following business day.

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    Exclude "Saturday" from the definition of "contribution day" in the MPF legislation (27 November 2008)

    According to the Mandatory Provident Fund Schemes (Amendment) (No.2) Ordinance 2008 gazetted on 27 June 2008:

    It is to exclude "Saturday" from the definition of "contribution day" in the MPF legislation.

    If the contribution day is a Saturday, public holiday, gale warning day or black rainstorm warning day, then the contribution day shall be the following day, not being a Saturday, public holiday or such a gale warning day or black rainstorm warning day. This amendment shall come into operation on 1 December 2008.

    For details, please visit the MPFA's website.

    If you need more information about the definition of "contribution day", you may click here to read explanation.

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    Service enhancement (29 September 2008)

    In response to customers' feedback and needs, we have shortened the MPF fund switching turnaround time. Starting from 14 September 2008, investment instruction placed via HSBC Internet Banking or interactive voice response system at or before 4:10pm (Hong Kong time) on any business day will normally be processed on the same day. Relevant section of the Member's Guide has been updated.

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    Caring for you and the planet (29 September 2008)

    HSBC MPF has been using Forest Stewardship Council (FSC) certified paper for printing its MPF Annual Member Benefit Statements. This year we are undertaking an initiative to start using a printing machine with zero CO2 emissions. The machine consumes only half the energy of standard printing machines and generates less waste. We hope to expand the usage of this eco-friendly initiative in future.

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    Download the updated Member's Guide - SuperTrust and SuperTrust Plus (16 September 2008)

    Please click here.

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    Guaranteed Interest Rate announcement for the new scheme year (2 July 2008)

    The Guaranteed Interest Rate for our MPF Guaranteed Fund offered under SuperTrust and SuperTrust Plus will remain at 0.25% per annum, from 1 July 2008 to 30 June 2009.

    Provided the Guarantee Conditions are met, this is the minimum return that your employees will receive. Your employees will receive the higher of the actual investment return or the accumulated guaranteed return when payment is made. The Guarantee Conditions remain unchanged and are stated in the Principal Brochure.

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    Update on HSBC Mandatory Provident Fund 'Principal Brochure' (2 June 2008)

    Important: If you are in any doubt about the content of this note, you should seek independent professional advice

    We are writing to provide you updated information about the 'Principal Brochure' as follows:

    Name change of Investment Manager and Investment Adviser

    With effect from 2 June 2008, the name of Investment Manager and Investment Adviser is renamed from HSBC Investments (Hong Kong) Limited to HSBC Global Asset Management (Hong Kong) Limited.

    MPF Principal Brochure Update

    The Principal Brochure for HSBC MPF SuperTrust and SuperTrust Plus has been updated to reflect a number of changes which members have been notified of previously:

    • The introduction of a Multi-Manager approach for the investment of the selected underlying pooled investment funds, a new structure that uses the specialized expertise of acclaimed third-party fund managers. Moreover, Sinopia Asset Management (UK) Limited was appointed as an additional Investment Adviser for the insurance policy of the Guaranteed Fund with effect from 29 October 2007.
    • With effect from 1 November 2007, the rates of Management Fees for selected constituent funds have been revised which would bring more benefits to members. Further, the name of the 'Asian Equity Fund' and 'Hong Kong Equity Fund' have also been revised as 'Asia Pacific Equity Fund' and 'Hong Kong and Chinese Equity Fund' respectively. The investment objective of these two equity funds has also been revised accordingly.

    Other updates, which include investment risks, latest weightings of the constituent stocks of Hang Seng Index, on-going cost illustrations and illustrative example for the Capital Preservation Fund, have also been made in the Principal Brochure.

    The updated 'Principal Brochure' is now available for download here. Hard copies are also available on request from our enquiry hotlines. For further enquiries, please contact HSBC MPF Employer Hotline (852) 2583 8033 or HSBC MPF Member Hotline (852) 3128 0128.

    HSBC Provident Fund Trustee (Hong Kong) Limited, has been informed of, and has approved, the proposed amendments, in the capacity as the trustee of the HSBC Mandatory Provident Fund.

    HSBC Provident Fund Trustee (Hong Kong) Limited

    Notes: Investment involves risk. Past performance is no guide to future performance. Please refer to the 'Principal Brochure' for details.

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    Removing the special treatment on excluding housing allowance and other housing benefit from 'relevant income' (29 May 2008)

    To prevent employers from evading their responsibilities to pay MPF contributions or reducing the amount of MPF contributions payable by deliberately labelling a portion of the salary of their employees as housing allowance, the Legislative Council at its third reading on 9 January 2008 passed the legislative amendment to remove the special treatment on excluding housing allowance and other housing benefit from the definition of 'relevant income'. Following the passage of the amendment, housing allowance and other housing benefit will be treated on the same basis as other remuneration items and any such item will be included in calculating MPF contributions if it satisfies the criteria for "relevant income".

    The Mandatory Provident Fund Schemes Authority (MPFA) reminds all employers that, in the light of the legislative amendment regarding housing allowance, employers should pay attention as below:

    • consider making necessary amendments to the payroll system and other remuneration systems, and review the arrangements on granting housing allowance and housing benefit to employees, so as to avoid breaching the legislation;
    • explain to employees that the amount of employee MPF contributions to be deducted from their monthly salary may change following the legislative amendment to include housing allowance as part of their relevant income;
    • notify the trustees of the amount of relevant income of employees and pay the correct amount of monthly MPF contributions to the trustees on time;
    • discuss and agree with employees on any necessary amendment of terms and conditions of employment contracts and retirement benefit arrangements; and
    • record the amount of employees' relevant income and the amount of contributions accurately.

    For details, please visit the MPFA's website.

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    Revised guidelines on unclaimed benefits (29 May 2008)

    On the premise that the interests of scheme members would not be affected, the amendment will shorten the period for trustees to report unclaimed benefits information to the MPFA and to streamline the procedures in handling unclaimed benefits. The amendment will also enable the Mandatory Provident Fund Authority (MPFA) to update the unclaimed benefits register quarterly for scheme member's reference.

    The amendment set out clearly the timeframe for accrued benefits to become unclaimed benefits and will remove the requirement for trustees to publish newspaper notices to locate untraceable scheme members. On the other hand, trustees are required to update the MPFA on unclaimed benefits information every quarter. For scheme members who have reached the retirement age and would like to retain their accrued benefits within the scheme, they will only need to elect their choice once. Their accrued benefits will then be retained within the scheme if they have not made a claim for payment.

    Scheme members are reminded to update trustee on any change of their correspondence address as trustee is obliged to pay all unclaimed benefits into court when the accrued benefits remain unclaimed for 6 years commencing from the date the right to payment first arose. For details, please visit the MPFA's website.

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    Enrolment and contribution requirements for persons who cease to be exempt from MPF legislation (30 April 2008)

    According to the Mandatory Provident Fund Schemes (Amendment) Ordinance 2008 gazetted on 18 January 2008:

    When an exempt employee subsequently changes status to become a non-exempt person (e.g. a person under 18 years old when the employment begins, a person who ceases to be a member of an MPF-exempted ORSO scheme), his/her employer should enroll the eligible employee in an MPF Scheme in accordance with the MPF Schemes Ordinance as if his/her employment began on the first day he/she ceases to be exempted. Such arrangements also apply to self-employed person. For details, please visit the MPFA's website.

    Example:

    Assumption: Contribution period based on calendar month (starting from the first day to the end of each month)

    Employee A started working on 15 December 2007
    Employee A becomes 18 on 2 April 2008
    60th day of employment as calculated according to the relevant MPF legislation 31 May 2008
    Action to be taken by employer Enroll the employee into MPF scheme on or before 31 May 2008
    Employer's mandatory contributions should commence on 2 April 2008

    (i.e. the first day of Employee A becomes 18)
    Employee's mandatory contributions should commence on 1 June 2008

    (i.e. the first day of the next payroll period following the 30-day contribution holiday which ends on 1 May 2008)

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    Removal of the 30-day settlement period for making MPF contributions (30 April 2008)

    In order to streamline the MPF contributions processing so as to enhance the efficiency and effectiveness of the existing mechanism for recovering default contributions, the Legislative Council passed at its third reading on 9 January 2008 the legislative amendment on the removal of the 30-day settlement period covered in the Mandatory Provident Fund Schemes (Amendment) Bill 2007.

    The Mandatory Provident Fund Schemes Authority (MPFA) reminds employers and self-employed persons to take note of the changes brought about by the legislative amendment of removing the 30-day settlement period immediately following the contribution day. When an employer or self-employed person fails to pay mandatory contributions by the contribution day, the trustee will no longer need to issue a reminder urging the employer or self-employed person to settle the outstanding contributions. Instead, the trustee will report the default contribution case to the MPFA. For more details, please visit the MPFA's website.

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    Revised guidelines on claims for payment of accrued benefits on the ground of permanent departure (30 April 2008)

    According to the Mandatory Provident Fund Schemes (Amendment) Ordinance 2008 gazetted on 18 January 2008:

    When a scheme member applies for withdrawal of MPF accrued benefits on the ground of permanent departure from the Hong Kong SAR, he/she will no longer need to declare that no mandatory contributions were paid or were required to be paid by or in respect of the member to any MPF scheme since the specified date of permanent departure in the statutory declaration (MPF(S)-W(SD2)) to be submitted. For details, please visit the MPFA's website.

    If you need more information about how to make a statutory declaration, you may click here to read the explanation.

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    Revised guidelines on claims on the ground of small balance (30 April 2008)

    According to the Mandatory Provident Fund Schemes (Amendment) Ordinance 2008 gazetted on 18 January 2008:

    When a scheme member applies for withdrawal of MPF accrued benefits on the ground of small balance, he/she will no longer be required to satisfy the following requirement:-

    No mandatory contributions were paid or were required to be paid by or in respect of the member to any MPF scheme during the 12 months immediately preceding the lodgment of the application.

    The new requirement is that as at the date of the application, at least 12 months have elapsed since the contribution day in respect of the latest contribution period for which a mandatory contribution is required to be made.

    A revised Statutory Declaration form (MPF(S)-W(SD3)) is available for scheme member to make a declaration for claiming accrued benefits on the ground of small balance account.

    For details, please visit the MPFA's website.

    If you need more information about how to make a statutory declaration, you may click here to read the explanation.

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    Notice of Cessation of Employment by Employees to Approved Trustees (27 March 2008)

    According to the Mandatory Provident Fund Schemes (Amendment) Ordinance 2008 gazetted on 18 January 2008:

    To facilitate the transfer of employee's accrued benefits in his/her MPF account in a timely manner after the employee's cessation of employment, the trustee may accept a written notice by statutory declaration (Form MPF(S)-C(SD)) given by an employee as evidence of his/her cessation of employment and the date of cessation where the trustee concerned is satisfied that the former employer cannot be located or refuses to submit a written notice to the trustee about the cessation of employment of the employee. For details, please visit the MPFA's website.

    If you need more information about the written notice by statutory declaration, you may click here to read the relevant guidelines.

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    Re-publication of Invitation for Lodgement of Claims for Payment of Accrued Benefits (Section 170(2) of the Mandatory Provident Fund Schemes (General) Regulation) (27 March 2008)

    Please click here.

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    Mailing address for HSBC MPF correspondence (25 March 2008)

    In order to enable us to process your request promptly, please send your MPF correspondence to the address below:

    MPF Administration
    HSBC Life (International) Limited
    PO Box 73770 Kowloon Central Post Office

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    Invitation for Lodgement of Claims for Payment of Accrued Benefits (Section 170 of the Mandatory Provident Fund Schemes (General) Regulation) (20 December 2007)

    Please click here.

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    Invitation for Lodgement of Claims for Benefits (Section 172(10) of the Mandatory Provident Fund Schemes (General) Regulation) (20 December 2007)

    Please click here.

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    Amendment to MPF Fund Names and Investment Objectives - Asian Equity Fund and Hong Kong Equity Fund (1 November 2007)

    With effect from 1 November 2007, the investment objectives of the Asian Equity Fund and Hong Kong Equity Fund (collectively the "Constituent Funds") are amended to reflect the revised investment objectives of the underlying approved pooled investment fund (the "APIF") of the Constituent Funds. The change provides the fund manager of the APIF with greater flexibility in managing the APIF for the benefit of investors in the Constituent Funds. The name of the Asian Equity Fund and the Hong Kong Equity Fund have therefore been amended as the Asia Pacific Equity Fund and Hong Kong and Chinese Equity Fund, respectively, and take effect from 1 November 2007. The amended investment objectives of these Constituent Funds are as follows:

    The Asia Pacific Equity Fund shall be invested in an authorised unit trust investing in portfolios of carefully selected quoted securities on regulated stock exchanges in the Asia Pacific, excluding Japan.

    The Hong Kong and Chinese Equity Fund shall be invested in an authorised unit trust that may comprise Hong Kong listed Chinese equities (including H shares and red-chips) and other securities listed on the Hong Kong Stock Exchange. A portion of the investment portfolio indirectly held by this Fund may hold securities issued by companies deriving a preponderant part of their income and/or assets from Hong Kong and/or China that are listed on other stock exchanges.

    HSBC Provident Fund Trustee (Hong Kong) Limited, has been informed of, and has approved, the proposed amendments, in our capacity as the trustee of the Constituent Funds.

    The amended investment objectives of these Constituent Funds can be found in the Supplement of the Principal Brochure dated 22 October 2007. For further enquiries, please contact HSBC MPF Member Hotline on (852) 3128 0128.

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    Update on HSBC Mandatory Provident Fund 'Principal Brochure' (31 October 2007)

    Important: If you are in any doubt about the content of this note, you should seek independent professional advice

    We are pleased to announce a number of enhancements to your MPF scheme with HSBC.

    Launch of Multi-Manager

    We have introduced a Multi-Manager approach for the investment of the selected underlying pooled investment funds, a new structure that uses the specialised expertise of acclaimed third-party fund managers. This new fund-management structure is now in place at no additional cost to members.

    Enhanced Fee Structure

    We have also enhanced our fee structure for selected constituent funds, bringing more benefits to you. Rates of Management Fees have been restated and will become effective on 1 November 2007. Please refer to the following table in details.

    Constituent fund name
    Current level1
    New level1(Adjustment range)
    Capital Preservation Fund
    1.95%
    1.25% (less 36%)
    Hang Seng Index Tracking Fund
    1.50% (less 23%)
    Stable Growth Fund
    1.75% (less 10%)
    Balanced Fund
    1.85% (less 5%)
    Guaranteed Fund2
    1.95%
    Growth Fund
    North American Equity Fund
    European Equity Fund
    Asian Equity Fund3
    Hong Kong Equity Fund3

    1 The rate is based on the net asset value of the fund per annum.
    2 0.75% guaranteed charge still applies in addition.
    3 With effect from 1 November 2007, the name of the Asian Equity Fund will be revised as Asia Pacific Equity Fund, and the name of the Hong Kong Equity Fund will be revised as Hong Kong and Chinese Equity Fund.

    New Appointment of Investment Adviser

    Further, we would like to advise that Sinopia Asset Management (UK) Limited was appointed as an additional Investment Adviser for the insurance policy of the Guaranteed Fund with effect from 29 October 2007.

    For enquiries, please contact the HSBC MPF Member Hotline on (852) 3128 0128.

    HSBC Provident Fund Trustee (Hong Kong) Limited, has been informed of, and has approved, the proposed amendments, in the capacity as the trustee of the Constituent Funds.

    Issued by HSBC Provident Fund Trustee (Hong Kong) Limited.

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    A better world with the HSBC MPF (24 September 2007)

    One of the HSBC Group's major corporate responsibility initiatives is to protect our environment. As such, the HSBC MPF has recently joined the lead to use Forest Stewardship Council (FSC) certified paper to print its MPF Annual Member Benefits Statement. The FSC is an international organisation that brings people together to find solutions that promote responsible stewardship of the world's products.

    The HSBC MPF is one MPF service provider to take this initiative. Besides being environmentally conscious, the HSBC MPF is helping its customers protect the environment by absorbing the additional cost of using FSC certified paper itself, instead of passing it on to its members.

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    Guaranteed Interest Rate announcement for the new scheme year (29 June 2007)

    The Guaranteed Interest Rate for our MPF Guaranteed Fund offered under SuperTrust and SuperTrust Plus will remain at 0.25% per annum, from 1 July 2007 to 30 June 2008.

    Provided the Guarantee Conditions are met, this is the minimum return that your employees will receive. Your employees will receive the higher of the actual investment return or the accumulated guaranteed return when payment is made. The Guarantee Conditions remain unchanged and are stated in the Principal Brochure.

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    Our new MPF member online service (26 June 2007)

    To make life easier for you, there are new features to the online service that will help you get the most out of your MPF.

    Other than seeing an overview of all your MPF accounts, you can check your MPF total asset distribution and compare the account balance with your vested balance through Personal Internet Banking. You can also view your Accumulated Contributions/Transfers by MPF account. You can check the fund details of your transactions, search by contribution dates, and view your contribution history of the last 18 months.

    Projection on MPF Benefits is a newly developed feature to look ahead at your portfolio up to the time you turn 65. You can compare the projections of your Mandatory, Voluntary, and Personal Contributions.

    If you wish to re-allocate your existing or/and future contributions, you can change your investment plan online with three options - Portfolio Rebalance, Asset Switch, and Contribution Redirection. You may use a step-by-step illustrative guide to understand how they work. Once you confirm your instruction online, you will receive an Acknowledgement with reference number provided. A confirmation notice will be sent to your Personal Internal Banking email box if your instruction has been successfully processed.

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    Treatment of MPF Accrued Benefits Transfer (7 May 2007)

    If you are electing a transfer of your accrued benefits from an HSBC MPF - SuperTrust to an HSBC MPF - SuperTrust Plus, or to an account or a preserved account within the same HSBC MPF scheme; and there is no offset of severance payment or long service payment required, then all fund units that are necessary to be transferred to your designated MPF account will not have to be redeemed.

    For all other types of transfer, your funds will be redeemed for the transfer to be processed. The amount will be re-invested according to the investment allocation of your designated MPF account. There may be a time lag between the redemption from the Existing MPF account and investment in your designated MPF account.

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    Update on HSBC Mandatory Provident Fund 'Principal Brochure' (29 December 2006)

    Notice is hereby given on the following changes of the 'Principal Brochure' of HSBC Mandatory Provident Fund - SuperTrust (Registration no. - MT00261) and SuperTrust Plus (Registration no. - MT00245). Amendments are underlined for easy reference.

    1. Name change of Investment Adviser and Investment Sub-Advisers (Page 4 and 5)

      Current name Previous name
      Halbis Capital Management (Hong Kong) Limited HSBC Halbis Partners (Hong Kong) Limited
      Halbis Capital Management (UK) Limited HSBC Halbis Partners (UK) Limited
      Halbis Capital Management (USA) Inc HSBC Halbis Partners (USA) Inc


    2. Information change of Investment Sub-Advisers (Page 5)

      With effect from 1 November 2006, the information about HSBC Investments (UK) Limited was replaced by the following information.

      Sinopia Asset Management (UK) Limited
      8 Canada Square
      London E14 5HQ
      England

    3. Availability of On-going Cost Illustrations and Illustrative Example for Capital Preservation Fund (Page 34)

      A document that illustrates the on-going costs on contributions to constituent funds in HSBC Mandatory Provident Fund - SuperTrust and SuperTrust Plus (except for the Capital Preservation Fund) is distributed with the 'Principal Brochure'. An illustrative example for Capital Preservation Fund is currently available in the Enrolment Kit. Before making any investment decisions concerning MPF investments, you should ensure that you have the latest version of these documents which can be obtained by calling our HSBC MPF Member Hotline on (852) 3128 0128.

    For enquiries, please contact the HSBC MPF Member Hotline on (852) 3128 0128.

    Issued by HSBC Provident Fund Trustee (Hong Kong) Limited

    December 2006

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    Check your MPF accounts regularly (9 November 2006)

    The Mandatory Provident Fund Schemes Authority (MPFA) encourages scheme members to take better care of their MPF accounts so as to better protect their future. Scheme members should check their accounts through trustees' hotlines, websites and customer service centres to make sure that contributions have been made by their employers.

    Scheme members can obtain details about their accounts, including MPF accrued benefits, employer's and employee's contributions and fund prices etc., through Annual Benefit Statement (ABS). Scheme members may also consider whether to change their investment portfolio with reference to ABS or Fund Fact Sheet.

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    MPFA steps up enforcement to better protect employees (9 November 2006)

    The Mandatory Provident Fund Schemes Authority (MPFA) had decided to step up the imposition of financial penalty on defaulting employers as empowered by the legislation. A reminder that the Authority may impose a financial penalty of 10% of the default contribution or HKD5,000 on offenders had been issued together with surcharge notice to defaulting employers. The Authority also reserves the right to initiate legal proceedings against such employers.

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    Claiming accrued benefits (24 August 2006)

    With effect from 1 September 2006, claims for accrued benefits of a deceased member must be accompanied by a copy of the deceased member's death certificate certified by the Births & Deaths Registry, a lawyer or an HSBC executive.

    Please note that when submitting the copy of the Letter of Administration (LA)/Probate and the beneficiary form submitted for claiming MPF accrued benefits and ORSO benefits respectively, they should also be certified by a lawyer or an HSBC executive.

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    Guaranteed Interest Rate announcement for the new scheme year (19 June 2006)

    The Guaranteed Interest Rate for our MPF Guaranteed Fund offered under SuperTrust and SuperTrust Plus will remain at 0.25% per annum, from 1 July 2006 to 30 June 2007.

    Provided the Guarantee Conditions are met, this is the minimum return that your employees will receive. Your employees will receive the higher of the actual investment return or the accumulated guaranteed return when payment is made. The Guarantee Conditions remain unchanged and are stated in the Principal Brochure.

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    Your Security Device - in the forefront of online personal protection (13 March 2006)

    At HSBC, we are dedicated to protecting our customers' online security. To further protect our customers, we have introduced a small electronic device, which is required for logon and some online transactions. At the touch of a button, the Security Device generates a single-use, time-sensitive number - a Security Code, which you will need to gain access to HSBC Internet Banking. This simple yet effective procedure provides high-level protection from a variety of possible attacks.

    In order to continue using our Internet banking services, you are required to complete a simple, one-time activation process of your Security Device. Once you have activated your device, you will be asked to enter a Security Code, in addition to your password, every time when you log on to HSBC Internet Banking to maximise protection.

    Customers who have registered for the online MPF service will be notified by phases.

    To view a demonstration on how to activate and use your Security Device, and for additional tips on how to further protect yourself from Internet attacks, please visit our Online Security section.

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    Personal Contributions service for preserved account holders (23 February 2006)

    To fully enjoy the golden years of retirement, it's vital to accumulate adequate funds. Now, as our preserved account holders, you can make use of our Personal Contributions service, a simple way to save more at your own pace. Simply complete a Personal Contributions Application Form (INPH) to enrol. You will also get a special bonus rate same as what you're currently having for your preserved account.

    Other administration forms for making lump sum Personal Contributions and changing your instructions in the future are available at our form download section.

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    Revised guidelines on claims for payment of accrued benefits (14 February 2006)

    The Mandatory Provident Fund Schemes Authority has recently published revised Guidelines on Payment of Accrued Benefits - Documents to be Submitted to Approved Trustees (Guidelines IV.4).

    The amendments have been made to facilitate claims lodged by a committee of estate/guardian on behalf of a mentally incapacitated member. The Claim Form has been revised (Form INPW) in this regard. A new Statutory Declaration form (Form MPF(S)-W(SD5)) is available for the committee of estate/guardian to make a declaration of total incapacity on behalf of the member.

    The revised guidelines also clarify the requirements of evidence for claims on the grounds of permanent departure. Members should provide immigration visa or foreign passport etc which gives them the permission to reside permanently or for an indefinite period in a place outside Hong Kong.

    Some amendments have been made on other statutory declaration forms. For the most updated version, please visit our form download section.

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    MPF Principal Brochure Update (30 December 2005)

    In compliance with the Code on Disclosure for MPF Investment Funds issued by the Mandatory Provident Fund Schemes Authority, the Principal Brochure has been updated according to the new format of Fee Table as required. The fees and charges remain unchanged, with the notice period for any future changes of the joining fee, contribution charge and offer spread stated.

    Some amendments have also been made to update the Investment Advisers and Investment Sub- Advisers following the reorganisation of HSBC investment management businesses and the formation of HSBC Halbis Partners, a specialist business focuses on selected investment areas. The investment objectives of the Constituent Funds remain unchanged.

    Other updates include more comprehensive information on Personal Contributions, partial withdrawal of additional voluntary contributions, latest weightings of the constituent stocks of Hang Seng Index and personal data statement.

    Please click here for an updated Principal Brochure.

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    MPFA takes action against default contribution cases (13 September 2005)

    Commencing with contributions for October 2005, the Mandatory Provident Fund Schemes Authority (MPFA) will adopt stricter measures against default contribution cases.

    Further to the MPFA crackdown, MPF service providers are obliged by law to report any non-payment, underpayment or late payment within each settlement period. After receiving a report of default contributions or unsettled discrepancy cases from an MPF service provider, the MPFA will issue a payment notice to the defaulting employers and request that the outstanding contributions plus a five per cent surcharge be settled immediately. Employers not settling in the designated period will be reported to the MPFA again. The five per cent surcharge will be imposed on both the employer's and employee's outstanding contributions, with all surcharges allocated as mandatory contributions in the relevant employee's accounts.

    In light of these requirements, we kindly remind all employers to make mandatory contributions for their employees in full and on time. To avoid receiving payment notice issued by the MPFA, please call us to rectify any discrepancies as soon as possible, or call our hotline on 2583 8033 for further details.

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    Guaranteed Interest Rate announcement for the new scheme year (27 May 2005)

    The Guaranteed Interest Rate for our MPF Guaranteed Fund offered under SuperTrust and SuperTrust Plus will remain at 0.25% per annum, from 1 July 2005 to 30 June 2006.

    Provided the Guarantee Conditions are met, this is the minimum return that your employees will receive. Your employees will receive the higher of the actual investment return or the accumulated guaranteed return when payment is made. The Guarantee Conditions remain unchanged and are stated in the Principal Brochure.

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    Requesting refunds for Long Service Payments or Severance Payments (30 December 2004)

    Employer claiming offset of Long Service Payments (LSP) or Severance Payments (SP) against accrued benefits attributable to employer's contributions on termination of employment must complete the Payment Proof for Long Service Payment/Severance Payment (INLS) form, which must also be duly signed by both employer and employee. The employer must specify the total amount of LSP/SP entitled by the employee and the outstanding LSP/SP amount. Otherwise, we are unable to process your refund application and the accrued benefits may be transferred to a scheme selected by your employee.

    Employer is therefore reminded to follow the steps set out below so as to ensure the prompt handling of the refund process, which will be applied strictly with effect from January 2005:

    • Complete the INLS form.
      Please note that the signatures of both employer and employee must match that in our records.
    • If the employee has not signed the INLS form or the signature does not match that in our records, please also provide appropriate documentary proof to substantiate the LSP/SP refund, including evidence supporting the LSP/SP amount and payment proof. The latter could include a copy of an auto-pay statement, deposit pay-in slip or the employer's bank statement showing the cheque payment has been cleared by the employee.
      Please note that all supporting documents must include the employer's signature along with the company chop.
    • In the absence of your employee's signature confirming and acknowledging receipt of the LSP/SP amount, we may need to notify the employee of your claim and may only process the refund where the employee has no objection to it.

    As the refund involves payment of accrued benefits from a member's account, we are required to act diligently and your cooperation is much appreciated.

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    Revised guidelines on the calculation of mandatory contributions for employees who attain the age of 65 (6 August 2004)

    The Mandatory Provident Fund Schemes Authority issued revised guidelines on the calculation of mandatory contributions with respect to employees who attain the age of 65 on or after 1 October 2004. The revised guidelines require both employer and employee to make mandatory contributions for relevant income earned up to the day before the employee's 65th birthday, regardless of whether the income is paid to the employee before or after his/her 65th birthday. For example, if an employee's 65th birthday falls on 18 October 2004, mandatory contributions should be paid up to 17 October 2004 based on the relevant income earned up to 17 October 2004. No mandatory contribution is required for any income earned by the employees thereafter.

    Illustrative examples:

    Employee A - Remains in employment after 65th birthday

    Payroll cycle Calendar month payroll
    65th birthday 18 October 2004
    Relevant income for October 2004 HKD8,680
    Relevant income earned before 65th birthday HKD4,760 (ie HKD8,680 x 17/31)
    Employer's mandatory contribution HKD238 (ie HKD4,760 x 5%)
    Employee's mandatory contribution N/A (as HKD4,760 is less than the minimum level of relevant income of HKD5,000 per month)
    Deadline for payment of contribution 10 November 2004
    No mandatory contribution is required for any income earned after the age of 65 18 October 2004 and thereafter

    Employee B - Ceases employment on 65th birthday

    Payroll cycle Calendar month payroll
    65th birthday 28 October 2004
    Relevant income for 1 - 27 October 2004 HKD21,060
    Relevant income earned before 65th birthday HKD21,060
    Employer's mandatory contribution HKD1,000 (ie HKD20,000 x 5% as HKD21,060 is above the maximum level of relevant income of HKD20,000 per month)
    Employee's mandatory contribution HKD1,000 (ie HKD20,000 x 5%)
    Deadline for payment of contribution 10 November 2004

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    MPFA takes action to remind employers to settle outstanding contribution discrepancies (16 June 2004)

    Under the MPF legislation, employers shall make mandatory contributions on or before the prescribed contribution day for each contribution period. MPF service providers are obligated to remind the employers to settle any discrepancy between the relevant calculations and the amount paid on or before the 30-day settlement period following the contribution day and shall report those employers who fail to rectify the discrepancy as required to the Mandatory Provident Fund Schemes Authority (MPFA).

    Commencing June 2004, after receiving the report of unsettled discrepancy cases from the MPF service providers, the MPFA will issue reminders to the defaulting employers requesting them to settle the discrepancies, failing which MPFA may impose surcharges on the outstanding amounts.

    If the amount of contributions paid to us does not tally with that in your remittance statements, we will notify you via a discrepancy bill immediately after your contributions are processed. To avoid receiving the reminder issued by MPFA, please contact us to rectify the discrepancy as soon as possible. Should you need any help, please call our enquiry hotline on (852) 2583 8033.

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    MPFA takes action to remind self-employed persons to settle outstanding contributions (16 June 2004)

    Under the MPF legislation, self-employed persons (SEP) shall make mandatory contributions, either monthly or yearly as elected by themselves, on or before the prescribed contribution day. MPF service providers are obligated to remind the SEP to settle any outstanding contributions on or before the 30-day settlement period following the contribution day and shall report any defaulting SEP to the Mandatory Provident Fund Schemes Authority (MPFA).

    After receiving the report of unsettled outstanding contribution cases from the MPF service providers in respect of the contribution month of June 2004 or for those who choose to contribute annually in June, the MPFA will issue reminders in September 2004 to defaulting SEP requesting them to settle the outstanding contributions. In circumstances where you are not required to make any mandatory contributions, please inform us promptly so that your records can be updated. Should you need any help, please call our enquiry hotline on (852) 3128 0128.

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    Reminder of tax implications (21 May 2004)

    Employers' mandatory and regular voluntary contributions to an MPF scheme are tax deductible up to 15% of the total emoluments of the employees for the period to which the payments relate.

    Mandatory contributions of employees and self-employed persons are tax deductible subject to a maximum of HKD12,000 per year. However, any voluntary contributions are not tax deductible. To check your contribution records for the past 12 months, log on to online@hsbc. If you have not registered yet, please click herefor more details.

    (The above is general information only. You should seek independent professional advice for your own particular circumstances.)

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    Late payments will be reported to the MPFA (21 May 2004)

    As part of your MPF responsibilities as an employer, you are required to submit your Remittance Statement and pay contributions by the 10th day of the calendar month following the month in which a contribution period ends. (For casual employees you must submit your Remittance Statement and pay contributions within 10 days after the end of each contribution period.) A participating employer paying contributions within the 30-day settlement period after the contribution due date will be regarded as having made a late payment.

    To closely monitor any persistent late payments, all MPF service providers are required to report to the Mandatory Provident Fund Schemes Authority (MPFA) those employers who make four or more late payments (ie within the settlement period) in a scheme financial year. We would therefore like to remind all our customers again to pay contributions on or before the contribution due date.

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    Save your time when claiming refunds (8 January 2004)

    A new form for employers to use when requesting refunds for the offsetting of Long Service Payments or Severance Payments (LSP/SP) is now available.

    Even if your employees are entitled to accrued benefits from both ORSO and MPF schemes, you need only complete and submit one form (the new INLS form) in order to request a refund of accrued benefits derived from employer's contributions for offsetting LSP/SP. Refunds will be made from your ORSO scheme first, then from your MPF scheme.

    If you have either an ORSO or an MPF scheme, this new form is also applicable. Simply provide the relevant information to us.

    To ensure prompt processing of the refund, please remind your employees to submit their instructions for the treatment of their benefits by submitting a transfer form (INPM form) to us. Alternatively, they may also submit a claim form (INPW form) if they are already entitled to the mandatory MPF benefits.

    If you need more information about LSP/SP under the Employment Ordinance, you may visit the Labour Department's website.

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    Administration tips for the Self-Employed (28 October 2003)

    Paying your MPF contributions by direct debit saves you time in returning your Remittance Statement and cheque to us. Contributions will be automatically debited from your designated bank account and we will send you payment confirmation. It couldn't be easier! Simply complete two forms and return them to us. We will handle the rest for you.

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    Full launch of Business Internet Banking MPF Service (23 June 2003)

    At HSBC, we understand that preparing and submitting your company's Remittance Statements can be time-consuming. That's why we have introduced our new Business Internet Banking MPF Service to help you meet your MPF obligations in a more efficient and convenient way.

    Over the past two months we have invited some of our customers to try out the new MPF features in our Business Internet Banking. The results from the field tests have been encouraging with positive feedback, which has prompted us to launch this service to all our MPF customers.

    Business Internet Banking MPF Service enables you to submit MPF contributions online in a secure, encrypted environment. Here are just a few of the advantages you'll enjoy as a Business Internet Banking MPF Service user:

    • Calculate contribution amounts automatically and avoid costly errors
    • Select your preferred direct debit date
    • Prepare and submit your Remittance Statements at any time and at your convenience
    • Receive email confirmation after your contributions have been invested in the funds
    • Enjoy the new services free of charge

    To discover this simpler and speedier way to complete your MPF remittances, please contact your MPF Account Executive or call our hotline on (852) 2583 8033.

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    MPFA to crack down on late payments (30 April 2003)

    Under the Mandatory Provident Fund Schemes (General) Regulation where an employer fails to pay contributions within a settlement period of 30 days, MPF service providers must report such case to the Mandatory Provident Fund Schemes Authority (MPFA). To discourage employers from using this settlement period to make late contributions, the MPFA will closely monitor employers who pay within the settlement period and may take action against those who fail to meet the legislative requirements.

    The MPFA recently informed all MPF service providers that they should prepare to report employers who make four or more late payments (ie within the settlement period) in a scheme financial year. This new reporting regime will be implemented in September 2003, and includes the reporting of late payments for contribution periods starting February 2003. We would therefore like to remind all our customers that paying on or before the legislative due date is vital.

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    Contribution for expatriates after the implementation of MPF legislative amendments (29 March 2003)

    Since the recent implementation of MPF legislative amendments on 1 February 2003, we have received enquiries from employers asking when the first day of contributions for expatriate employees who cease to be exempt from MPF begins. In order to assist you in understanding the calculation process, please see our brief explanation below:

    Simplification of the 30-day contribution holiday for new employees

    Before legislative amendment

    Eligible employees (other than casual employees) who were employed before 1 February 2003 should commence making employee mandatory contributions on the 31st day of employment. This means employees are entitled to a 30-day contribution holiday.

    After legislative amendment - extension of contribution holiday

    Eligible employees (other than casual employees), who are paid monthly (or more frequently than monthly, eg weekly, semi-monthly) and are employed on or after 1 February 2003, should commence making employee mandatory contributions on the first day of the next payroll period following the end of the 30-day contribution holiday. This means any incomplete payroll period immediately following the 30-day contribution holiday will be exempt as well.

    For those employees who are paid less frequently than monthly (eg quarterly), employee mandatory contributions should commence on the first day of the next month following the month in which the 30-day contribution holiday ends.

    Impacts on expatriate employees

    If your expatriate employee's original employment visa was granted for a period of 13 months or less but subsequently renewed or extended, he/she will cease to be exempt from MPF with effect from the first day following the end of the initial 13-month period. If the expatriate employee remains employed for 60 days or more after he/she ceases to be exempt, his/her employer is required to enrol him/her into an MPF scheme and make mandatory contributions accordingly.

    When determining the commencement date of an expatriate employee's mandatory contributions, employers should consider the date which his/her employee ceases to be exempt. If that date falls before 1 February 2003, the rule for 'before legislative amendment' applies. If that date falls on or after 1 February 2003, the rule for 'after legislative amendment' applies.

    Example

    Assumption: Contribution period based on calendar month (starting from the first day to the end of each month)

    Expatriate employee commences employment on 26 February 2002
    Employment visa granted for the period from 26 February 2002 - 26 February 2003
    Visa renewed on 27 February 2003
    The expatriate ceases to be exempt on 26 March 2003

    ie the first day following the end of the initial 13-month period

    Since the expatriate employee ceases to be exempt on the date after the implementation of legislative amendment on 1 February 2003, the extension of contribution holiday applies.
    Employer's mandatory contributions should commence on 26 March 2003
    Employee's mandatory contributions should commence on 1 May 2003

    ie the first day of the next payroll period following the 30-day contribution holiday which ends on 24 April 2003
    Employer should enrol the expatriate employee within the 60-day permitted period which ends on 24 May 2003

    ie 60 days from the date on which the expatriate employee ceases to be exempt

    Re-application of employment visa

    If your expatriate employee's employment visa has expired and he/she has re-applied for a new employment visa for a period of 13 months or less, the calculation of the 13-month exemption period will start afresh from the commencement of the new employment visa. In other words, he/she will remain exempt from MPF.

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    Reporting employee termination on Remittance Statements (29 March 2003)

    Before legislative amendment

    Employers were required to submit an employee's final mandatory contribution within 10 days of employment termination. In order to meet the legislative requirements, employers made contributions by submitting the payment together with the 'Employee Termination - Remittance of Last Contribution Form' (IN09/IN19).

    After legislative amendment

    Under the legislative amendment (effective on 1 February 2003), the payment of final mandatory contribution is due on the 10th day of the calendar month following the month in which the termination of employment occurrs. Employers can therefore pay the final mandatory contribution for employees who cease employment by using the Remittance Statement. As a result, employers no longer need to report final contributions separately on the IN09/IN19 form as the form is now discontinued.

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    Summary of the major legislative amendments which have taken effect from 1 February 2003 (19 February 2003)

    Due to the MPF legislative amendments on the minimum level of relevant income and simplication of the contribution holiday, please be reminded to adjust the contribution amount for your employees who are earning above HKD4,000 but less than HKD5,000 per month and for any new employees who are employed on or after 1 February 2003.

    The major legislative changes arising from the Mandatory Provident Fund Schemes (Amendment) (No.2) Ordinance 2002, gazetted on 19 July 2002, which has taken effect from 1 February 2003 are summarised below:

    Increase of the minimum level of relevant income from HKD4,000 per month to HKD5,000 per month, and from HKD130 per day to HKD160 per day

    Old rule

    Employees earning less than HKD4,000 per month (or HKD130 per day) are not required to make employee's mandatory contributions.

    New rule

    The new rule applies to all existing and new employees, including casual and non-casual employees. Employees who are earning less than HKD5,000 per month (or HKD160 per day) for any contribution periods (payroll cycles) starting on or after 1 February 2003 do not need to make employee's mandatory contributions.

    Employers are still required to contribute as usual.

    Examples


    Simplification of the 30-day contribution holiday for new employees

    Old rule

    Employees are entitled to a 30-day contribution holiday and their mandatory contributions should start from the 31st day of employment.

    New rule

    The new rule only applies to non-casual employees employed on or after 1 February 2003.

    Monthly or more frequent than monthly payroll

    eg monthly, semi-monthly, fortnightly and weekly payroll frequencies

    The contribution holiday for new employees will extend to cover any incomplete payroll cycle in which the 30th day of employment falls. Employee's mandatory contributions should start from the 1st day of the next complete payroll cycle.

    Examples


    Contribution Calculator

    Less frequent than monthly payroll

    eg quarterly and yearly payroll frequencies

    The contribution holiday for new employees will extend to cover any incomplete calendar month in which the 30th day of employment falls. Employee's mandatory contributions should start from the 1st day of the next complete calendar month.

    Examples


    Simplification of MPF contribution remittance arrangements

    Old rule

    Employers should pay contributions by the 10th day after the end of each contribution period.

    New rule

    The new rule only applies to non-casual employees and contribution periods (payroll cycles) ending on or after 1 February 2003. Employers should pay contributions by the 10th day of the calendar month following the month in which a contribution period ends.

    Examples


    New reporting procedures for terminating employees


    Notification of changes in business name

    Employers should notify their MPF provider of any changes in business name within 30 days of the change.

    Download new form IN05

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    Disclaimer

    • The information contained in this section should not be relied upon as a substitute for professional advice in individual cases. Future changes in legislation, tax level, and practice could affect the information in this site.
    • The information shown is based on data or information obtained from sources believed to be reliable but HSBC makes no representation and accepts no responsibility as to its accuracy or completeness and will not be held liable for damages arising out of any person's reliance upon this information.
    • Information partially sourced from Mandatory Provident Fund Schemes Authority.