ADP makes MPF savings administration easy to manage.
Hong Kong’s Mandatory Provident Fund (MPF) is a privately managed, compulsory contribution program that helps workers in Hong Kong save for their retirement years.
Employers and employees make compulsory contributions each pay period. Wages need to be calculated. Assessments deducted. Deposits made. Remittances sent. Reports prepared. Everything needs to be completed in a timely and compliant manner.
That’s where ADP comes in.
Maximize Efficiency, Minimize Compliance Risk
ADP helps Hong Kong employers to compliantly manage their MPF administration by:
Also, ADP’s professional staff keeps up-to-date on regulatory requirements to help ensure our MPF administrative solution is a compliant solution.
Let ADP Move Your Funds
ADP is also one of the world’s most experienced and trusted movers of funds for its payroll clients. With your authorization, ADP will electronically move net pay funds from your dedicated bank account to each employee’s individual bank account and MPF funds to your MPF trustee.