{"id":5796,"date":"2020-11-09T17:43:30","date_gmt":"2020-11-09T09:43:30","guid":{"rendered":"https:\/\/www.workstem.com\/?p=5796"},"modified":"2024-11-06T15:07:29","modified_gmt":"2024-11-06T07:07:29","slug":"employee-termination-mpf","status":"publish","type":"post","link":"https:\/\/www.workstem.com\/hk\/en\/blog\/employee-termination-mpf\/","title":{"rendered":"How to Manage Employee\u2019s MPF After the Termination of Employment?"},"content":{"rendered":"<p>Normally, if an employee terminates, he\/she will give one month&#8217;s notice to the employer. When your employee ceases employment with your company, be sure to do two things:<\/p>\n<ul>\n<li>Arrange for the last payment of the departing employee\u2019s mandatory contributions to be made together with those of other employees on or before the \u201ccontribution day\u201d of the following month, that is, the 10th day of that month.<\/li>\n<li>Notify your trustee about the termination promptly.<\/li>\n<\/ul>\n<h2>How to notify the trustee?<\/h2>\n<p>There are two ways to notify your trustee of the departure date of your employees. You can notify your trustee in writing or by making use of the remittance statement.<\/p>\n<p>In the remittance statement, there is usually a section designed for you to report termination of employment of your employees. Simply fill in the required information in that section, such as the name of the departing employee and his\/her last day of employment, and send the remittance statement to your trustee along with the contributions.<\/p>\n<p>If you notify your trustee about the employee\u2019s termination of employment through a written notice, check with your trustee to find out about the proper procedures. Some trustees may have a Notice of Termination form for you to use. In any case, be sure to observe the deadline mentioned above if you send your notification separately in writing.<\/p>\n<p>Remember to notify your trustee about the employee\u2019s termination, otherwise, you might be mistakenly treated as a suspected defaulter, and report to the MPFA your failure to contribute for that employee as a default.<\/p>\n<p><a href=\"https:\/\/www.workstem.com\/mpf\/?utm_source=blogpost&amp;utm_medium=blog&amp;utm_campaign=employee-termination-mpf&amp;utm_term=fr\" target=\"_blank\" rel=\"noopener\"><span style=\"color: #3366ff\">Workstem\u2019s MPF function<\/span><\/a> will help you manage all your employees\u2019 P Files and calculate the amount of MPF contributions!With HR systems like <span style=\"color: #3366ff\"><a style=\"color: #3366ff\" href=\"https:\/\/www.workstem.com\/hk\/en\/\" target=\"_blank\" rel=\"noopener\">Workstem<\/a><\/span> around, HR managers can work from anywhere without compromising the quality of their work or the welfare of their employees, even during these trying times.The Workstem system can also provides a full range of solutions to help you to management of other HR processes, such as<span style=\"color: #3366ff\"><a style=\"color: #3366ff\" href=\"https:\/\/www.workstem.com\/hk\/en\/product\/rostering\/\" target=\"_blank\" rel=\"noopener\"> Rostering<\/a><\/span>\u3001<span style=\"color: #3366ff\"><a style=\"color: #3366ff\" href=\"https:\/\/www.workstem.com\/hk\/en\/product\/attendance-management\/\" target=\"_blank\" rel=\"noopener\">Attendance<\/a><\/span>\u3001<span style=\"color: #3366ff\"><a style=\"color: #3366ff\" href=\"https:\/\/www.workstem.com\/hk\/en\/product\/leave\/\" target=\"_blank\" rel=\"noopener\">Leave<\/a><\/span>, MPF and <span style=\"color: #3366ff\"><a style=\"color: #3366ff\" href=\"https:\/\/www.workstem.com\/hk\/en\/product\/tax-reporting\/\" target=\"_blank\" rel=\"noopener\">tax<\/a><\/span> return management, etc., help you can truly realize digital transformation and improve management efficiency and employee satisfaction.<\/p>\n<p><em><strong>Read More:<\/strong><\/em><\/p>\n<p><em><span style=\"color: #3366ff\"><a style=\"color: #3366ff\" href=\"https:\/\/www.workstem.com\/hk\/en\/blog\/which-employees-need-to-register-mpf-scheme\/?utm_source=blogpost&amp;utm_medium=blog&amp;utm_campaign=employee-termination-mpf&amp;utm_term=fr\" target=\"_blank\" rel=\"noopener\">Who is Required to Join an MPF Scheme?<\/a><\/span><\/em><\/p>\n<p><em><span style=\"color: #3366ff\"><a style=\"color: #3366ff\" href=\"https:\/\/www.workstem.com\/hk\/en\/blog\/non-418-employees-need-to-enroll-mpf\/?utm_source=blogpost&amp;utm_medium=blog&amp;utm_campaign=employee-termination-mpf&amp;utm_term=fr\" target=\"_blank\" rel=\"noopener\">Non-\u201c418\u201d-rule Employees No Need to Enrol MPF Scheme?<\/a><\/span><\/em><\/p>\n<div class=\"mceTemp\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Normally, if an employee terminates, he\/she will give one month&#8217;s notice to the employer. When your employee ceases employment with your company, be sure to do two things: Arrange for the last payment of the departing employee\u2019s mandatory contributions to be made together with those of other employees on or before the \u201ccontribution day\u201d of&#8230;<\/p>\n","protected":false},"author":2,"featured_media":20724,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[272],"tags":[468,417],"class_list":["post-5796","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","tag-all-en","tag-mpf"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.1.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>How to Manage Employee\u2019s MPF After the Termination of Employment? - Workstem<\/title>\n<meta name=\"description\" content=\"Normally, if an employee terminates, he\/she will give one month&#039;s notice to the employer. 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