What happens if I delay or am unable to settle the payment of mandatory contributions for my employees?

                                                              If you have outstanding contributions after the contribution day, your trustee has to report this to the MPFA.

                                                              The MPFA may impose a surcharge calculated at 5% of the amount of default contributions; and / or a financial penalty of HK$5,000 or 10% of the amount of default contributions (whichever is greater). Defaulting employers may also be prosecuted with a maximum penalty of four years’ imprisonment and a fine of HK$450,000.