Page:Mandatory Provident Fund Schemes Ordinance (Cap. 485).pdf/11

A2156 and his relevant employees as specified in Parts I and II respectively of Schedule 4.

(2) The statutory minimum contribution in relation to a registered scheme shall, in respect of the relevant income of self-employed persons, be a sum equivalent to the percentage contribution specified in Part III of Schedule 4.

9. Minimum level of income for contribution purposes

A relevant employee or self-employed person whose relevant income is less than the minimum level of relevant income specified in Schedule 3 shall not be required to contribute in relation to a registered scheme but, in the case of a relevant employee, may by notice in writing to his employer elect to do so.

10. Maximum level of income for contribution purposes

(1) A relevant employee or self-employed person whose relevant income is more than the maximum level of relevant income specified in Schedule 2 shall not be required to contribute in relation to a registered scheme in respect of the excess relevant income but, in the case of a relevant employee, may by notice in writing to his employer elect to do so.

(2) Where a relevant employee referred to in subsection (1) elects to contribute in relation to a registered scheme in respect of his excess relevant income, his employer shall make deductions and remittances in accordance with section 7 in respect of that relevant employee and may contribute in relation to the registered scheme in respect of his relevant employee’s excess relevant income but is under no obligation to so contribute.

11. Non-mandatory contributions

(1) Any contributions in relation to a registered scheme by an employee who before his attainment of retirement age was a relevant employee (“former relevant employee”) after he attains retirement age but remains in employment, or any contributions in relation to a registered scheme by his employer in respect of that former relevant employee, shall be voluntary and subject to the governing rules of the registered scheme.

(2) Any contributions in relation to a registered scheme by a self-employed person after he attains retirement age but remains in business shall be voluntary and subject to the governing rules of the registered scheme.

(3) A relevant employee may contribute in relation to a registered scheme more than the percentage contribution specified in Part II of Schedule 4 in respect of his relevant income.