Maximum relevant income level for MPF contribution (06-2014)

Please be informed that the amendment of Maximum Level of Relevant Income for MPF Contributions will be effective on 1 June 2014.

For regular monthly-paid employees, the maximum level of monthly relevant income will increase from $25,000 to $30,000 and monthly maximum amount of mandatory contributions increase from $1,250 to $1,500.

(Image)Table show the contributions difference of before and after of 1 June 2014

As the new maximum relevant income level comes into effect, the amount of mandatory contributions payable by the following persons will be increased:

Employees with monthly relevant income more than $25,000, and their employers
Self-employed persons with monthly relevant income more than $25,000 or yearly relevant income more than $300,000
Casual employees under Industry Schemes with daily relevant income of $850 or more, and their employers

(Images)Table to show Monthly-paid employees and their employers

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 June 2014.

SUPER Corporate Communication