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 Please be informed that the amendment of Minimum Level of Relevant Income for MPF Contributions will be effective on 1 November 2013.
For regular monthly-paid employees, the minimum level of monthly relevant income will increase from $6,500 to $7,100.
|
Monthly relevant income |
Mandatory contribution
amount |
|
Employer's contributions |
Employee's
contributions |
|
Less than $7,100 |
Relevant income x 5% |
Not required |
|
$7,100 to $25,000 |
Relevant income x 5% |
Relevant income x 5% |
|
More than $25,000 |
$1,250 |
$1,250 |
For further MPF information, please refer details on the MPFA information leaflet.
Super Group is well equipped to cope with the new MPF contributions requirement and MPF contributions will be calculated according to the new level for the contribution periods commencing on 1 November 2013.
SUPER Corporate Communication
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