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Abolition of MPF Offsetting Mechanism
Watch the video to learn all you need to know about the abolition of MPF offsetting in May of 2025, and submit a form & download the Abolition of MPF Offsetting Mechanism Report!
Understanding MPF Offset changes in 1 Hour
Listen to the tips shared by the Labour Department regarding the abolition of MPF offsetting
MPF offset changes coming in 2025 - are you prepared?
【GUM Expert Lecture Series】Present to you by:
Offsetting Policy Division - Labour Department
MPF Consultant
- How to use ERMC to offset pre-transition SP/LSP LiabilitiesThe abolition of MPF offsetting arrangement will take effect on 1 May 2025. Even after the transition, the post-transition Employer Mandatory Contribution (ERMC) can still be utilized to offset liabilities from pre-transition SP/LSP.
- Using Employer Voluntary Contribution to offset expensesEmployers can use the Employer Voluntary Contribution to offset expenses related to MPF both before and after the MPF offset abolition.
- SP/LSP monthly wages limitsAfter May 1, 2025, the maximum limit is the same as before, the monthly wage used to calculate SP/LSP is $22,500, and the largest possible amount of SP/LSP is $390,000.
Want to know more? Watch the video and download the Abolition of MPF Offsetting Mechanism Report!
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