{"id":2261,"date":"2025-09-28T18:24:57","date_gmt":"2025-09-28T10:24:57","guid":{"rendered":"https:\/\/www.mnnbus.com\/?p=2261"},"modified":"2026-03-17T16:54:45","modified_gmt":"2026-03-17T08:54:45","slug":"a-comprehensive-analysis-of-the-abolition-of-mpf-offsetting","status":"publish","type":"post","link":"https:\/\/www.mnnbus.com\/en\/blog\/a-comprehensive-analysis-of-the-abolition-of-mpf-offsetting\/","title":{"rendered":"[MPF offsetting to be abolished by 2025] M &amp; N provides you with a comprehensive explanation! Employer &amp; Employee Guide"},"content":{"rendered":"<div data-elementor-type=\"wp-post\" data-elementor-id=\"2261\" class=\"elementor elementor-2261\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-7f1e953 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"7f1e953\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-6069100\" data-id=\"6069100\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-c53bfa3 elementor-widget elementor-widget-text-editor\" data-id=\"c53bfa3\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Hong Kong's labor rights are undergoing a major change! The long-disputed<strong>Abolition of MPF hedging\" has been formally implemented on May 1, 2025 (the conversion date).<\/strong>The policy aims to enhance retirement protection for employees. This policy aims to enhance employees' retirement protection, but at the same time, it also brings new financial planning considerations to employers. As your professional HR and MPF partner, M &amp; N will provide you with a clear understanding of the details of the elimination of hedging, the transition arrangements between the old and new systems, and the actual impact on both parties in this article, so as to help you get a head start in coping with the situation.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-85202b7 elementor-widget elementor-widget-heading\" data-id=\"85202b7\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">What is the MPF \"hedging\" mechanism? A simple example<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-478e78a elementor-widget elementor-widget-text-editor\" data-id=\"478e78a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>To understand \"elimination of offsetting\", it is first necessary to understand what \"offsetting\" is. Under the current system, when an employee is eligible for severance payment or long service payment, the employer has the right to offset (i.e. \"hedge\") part or all of the amount payable by using the employer's Mandatory Provident Fund (\"MPF\") mandatory contributions and its investment income (i.e. the \"accrued benefits\") on behalf of the employee.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d86c5ba elementor-widget elementor-widget-heading\" data-id=\"d86c5ba\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Analysis of the pros and cons of this mechanism:<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-76664b9 elementor-widget elementor-widget-text-editor\" data-id=\"76664b9\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<ul><li>For the employer: It reduces the financial pressure of paying large sums of money on the spot.<\/li><li>For employees: retirement savings will be directly eroded, and the amount of MPF accounts will be \"shrunken\", thus weakening retirement protection in the long run.<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-fb8829d elementor-widget elementor-widget-heading\" data-id=\"fb8829d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Key Arrangements for the \"Conversion Day\" in 2025: How will the old and new seniority be delineated?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-bb66f54 elementor-widget elementor-widget-text-editor\" data-id=\"bb66f54\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The abolition of the offsetting arrangement is not an across-the-board approach, but rather, it is important to use May 1, 2025 as a watershed date to differentiate the years of service of employees:<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9982921 elementor-widget elementor-widget-heading\" data-id=\"9982921\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">New years of service after the \"Conversion Date\" (calculated from May 1, 2025)<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-eca01eb elementor-widget elementor-widget-text-editor\" data-id=\"eca01eb\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<ul><li>Total ban on hedging: Employers can no longer use the accrued benefits of mandatory contributions to hedge against severance\/long service payments accrued after this date.<\/li><li>Direct benefit to the employee: the employee receives the full amount of this payment while retaining the employer's mandatory contributions for that period intact, double protection for retirement savings.<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3504be8 elementor-widget elementor-widget-heading\" data-id=\"3504be8\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Years of prior service prior to the \"Conversion Date\" (accrued on or before April 30, 2025)<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2d7ca1e elementor-widget elementor-widget-text-editor\" data-id=\"2d7ca1e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<ul><li>Status quo: Employers can continue to use the MPF mandatory contribution accrued benefits to offset the severance\/long service payments arising from this portion of years of service.<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-607ea51 elementor-widget elementor-widget-heading\" data-id=\"607ea51\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Application of the Arrangement<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-16ef664 elementor-widget elementor-widget-text-editor\" data-id=\"16ef664\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>This arrangement does not apply to employees who are not covered by the MPF System or other statutory retirement schemes (e.g. domestic helpers and employees who are under the age of 18 at the time of leaving employment or 65 or above at the time of joining the MPF System). As employers are not required to make MPF mandatory contributions on behalf of these employees, these employees will not be affected by the abolition of the \"offsetting\" arrangement and their severance payment\/long service payment will continue to be calculated on the basis of the last month's wages or the 12-month average wage prior to the termination of their employment.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-cb2a0b1 elementor-widget elementor-widget-heading\" data-id=\"cb2a0b1\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">3 Practical Benefits of Eliminating Hedging for Employees<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c105d6d elementor-widget elementor-widget-heading\" data-id=\"c105d6d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Total equity increased significantly:<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c9401a2 elementor-widget elementor-widget-text-editor\" data-id=\"c9401a2\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>In particular, employees with long years of service will be able to receive full severance\/long service payments and retain the employer's contributions in their MPF accounts, and the total benefits they will receive will far exceed the existing system.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-949e493 elementor-widget elementor-widget-heading\" data-id=\"949e493\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">More robust retirement protection:<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b74d397 elementor-widget elementor-widget-text-editor\" data-id=\"b74d397\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The function of the MPF as the \"first pillar\" of retirement savings has been strengthened so that employees no longer need to worry about the loss of their hard-earned pensions as a result of leaving their jobs.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-acdc025 elementor-widget elementor-widget-heading\" data-id=\"acdc025\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Coverage is not compromised:<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-41386e2 elementor-widget elementor-widget-text-editor\" data-id=\"41386e2\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Even for employees whose benefits have reached the ceiling before the date of conversion, the total amount of their income will never be less than that under the existing system.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-04ea80f elementor-widget elementor-widget-heading\" data-id=\"04ea80f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">V. Frequently Asked Questions: Do all employees benefit?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3b1e80e elementor-widget elementor-widget-heading\" data-id=\"3b1e80e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Applicable objects:<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5e4b1e0 elementor-widget elementor-widget-text-editor\" data-id=\"5e4b1e0\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<ul><li style=\"text-align: left;\">Employees participating in MPF schemes.<\/li><li style=\"text-align: left;\">Employees participating in an exempted Occupational Retirement Scheme (ORSO).<\/li><li style=\"text-align: left;\">Teachers of the Provident Fund Scheme in some schools.<\/li><li style=\"text-align: left;\">Eligible expatriate employees (whose Overseas Retirement Schemes (ORSs) need to follow similar arrangements).<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d83a139 elementor-widget elementor-widget-heading\" data-id=\"d83a139\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Not applicable to:<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-42e2890 elementor-widget elementor-widget-text-editor\" data-id=\"42e2890\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<ul><li>Domestic helpers<\/li><li>Employees under the age of 18 or aged 65 or above<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-dd1ee98 elementor-widget elementor-widget-text-editor\" data-id=\"dd1ee98\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><strong>Reason: These employees are not covered by the MPF in the first place, so their severance\/long service payments will continue to be calculated in accordance with the original provisions of the Employment Ordinance.<\/strong><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-bd857d8 elementor-widget elementor-widget-heading\" data-id=\"bd857d8\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">VI. M &amp; N's Practical Advice to Employers: How to Deploy in Advance?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7cd3adf elementor-widget elementor-widget-text-editor\" data-id=\"7cd3adf\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<ul><li style=\"text-align: left;\">Eliminating the hedge means that employers will need to build up a dedicated reserve for severance\/long service payments incurred after the \"conversion date\" M &amp; N recommends that you act now:<\/li><li style=\"text-align: left;\">Conduct a financial assessment: Estimate the company's potential long service payment obligations and begin to develop a savings or insurance plan.<\/li><li style=\"text-align: left;\">Review the HR system: Ensure that the system can clearly and accurately differentiate the length of service of employees before and after the conversion date.<\/li><li style=\"text-align: left;\">Sorting out compensation packages: understanding the role of voluntary contributions and seniority bonuses in the future.<\/li><li style=\"text-align: left;\">Enhance internal communication: clearly explain the new arrangement to management and staff to enhance transparency and avoid labor-management misunderstanding.<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f4096fb elementor-widget elementor-widget-spacer\" data-id=\"f4096fb\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-53f04cc elementor-widget elementor-widget-heading\" data-id=\"53f04cc\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">More Services<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-0c9185c elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"0c9185c\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-91c3f87\" data-id=\"91c3f87\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-13cc0ad elementor-cta--skin-classic elementor-animated-content elementor-bg-transform elementor-bg-transform-zoom-in elementor-widget elementor-widget-call-to-action\" data-id=\"13cc0ad\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"call-to-action.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-cta\">\n\t\t\t\t\t<div class=\"elementor-cta__bg-wrapper\">\n\t\t\t\t<div class=\"elementor-cta__bg elementor-bg\" style=\"background-image: url(https:\/\/www.mnnbus.com\/wp-content\/uploads\/2025\/11\/\u9999\u6e2f\u8354\u679d\u89d2\u58d3\u7e2e\u5716-2-1024x768.webp);\" role=\"img\" aria-label=\"Hong Kong Lai Chi Kok Compression Chart\"><\/div>\n\t\t\t\t<div class=\"elementor-cta__bg-overlay\"><\/div>\n\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-cta__content\">\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t<h3 class=\"elementor-cta__title elementor-cta__content-item elementor-content-item\">\n\t\t\t\t\t\tCompany Formation Services\t\t\t\t\t<\/h3>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-cta__button-wrapper elementor-cta__content-item elementor-content-item\">\n\t\t\t\t\t<a class=\"elementor-cta__button elementor-button elementor-size-\" href=\"https:\/\/www.mnnbus.com\/en\/set-up-company\/set-up-hk-company\/\" target=\"_blank\">\n\t\t\t\t\t\tLearn more\t\t\t\t\t<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4137d17 elementor-cta--skin-classic elementor-animated-content elementor-bg-transform elementor-bg-transform-zoom-in elementor-widget elementor-widget-call-to-action\" data-id=\"4137d17\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"call-to-action.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-cta\">\n\t\t\t\t\t<div class=\"elementor-cta__bg-wrapper\">\n\t\t\t\t<div class=\"elementor-cta__bg elementor-bg\" style=\"background-image: url(https:\/\/www.mnnbus.com\/wp-content\/uploads\/2025\/11\/calculator-385506_1280-1024x603.webp);\" role=\"img\" aria-label=\"calculator-385506_1280\"><\/div>\n\t\t\t\t<div class=\"elementor-cta__bg-overlay\"><\/div>\n\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-cta__content\">\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t<h3 class=\"elementor-cta__title elementor-cta__content-item elementor-content-item\">\n\t\t\t\t\t\tTax Services\t\t\t\t\t<\/h3>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-cta__button-wrapper elementor-cta__content-item elementor-content-item\">\n\t\t\t\t\t<a class=\"elementor-cta__button elementor-button elementor-size-\" href=\"https:\/\/www.mnnbus.com\/en\/taxation-limited\/\" target=\"_blank\">\n\t\t\t\t\t\tLearn more\t\t\t\t\t<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-95b966d\" data-id=\"95b966d\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-b243d62 elementor-cta--skin-classic elementor-animated-content elementor-bg-transform elementor-bg-transform-zoom-in elementor-widget elementor-widget-call-to-action\" data-id=\"b243d62\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"call-to-action.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-cta\">\n\t\t\t\t\t<div class=\"elementor-cta__bg-wrapper\">\n\t\t\t\t<div class=\"elementor-cta__bg elementor-bg\" style=\"background-image: url(https:\/\/www.mnnbus.com\/wp-content\/uploads\/2025\/11\/3b8f7a94808e44feae1d422322d70f92.webp);\" role=\"img\" aria-label=\"3b8f7a94808e44feae1d422322d70f92\"><\/div>\n\t\t\t\t<div class=\"elementor-cta__bg-overlay\"><\/div>\n\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-cta__content\">\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t<h3 class=\"elementor-cta__title elementor-cta__content-item elementor-content-item\">\n\t\t\t\t\t\tCompany Secretary\t\t\t\t\t<\/h3>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-cta__button-wrapper elementor-cta__content-item elementor-content-item\">\n\t\t\t\t\t<a class=\"elementor-cta__button elementor-button elementor-size-\" href=\"https:\/\/www.mnnbus.com\/en\/company-secretary\/\" target=\"_blank\">\n\t\t\t\t\t\tLearn more\t\t\t\t\t<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-dcb2be2 elementor-cta--skin-classic elementor-animated-content elementor-bg-transform elementor-bg-transform-zoom-in elementor-widget elementor-widget-call-to-action\" data-id=\"dcb2be2\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"call-to-action.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-cta\">\n\t\t\t\t\t<div class=\"elementor-cta__bg-wrapper\">\n\t\t\t\t<div class=\"elementor-cta__bg elementor-bg\" style=\"background-image: url(https:\/\/www.mnnbus.com\/wp-content\/uploads\/2025\/11\/\u9999\u6e2f\u8354\u679d\u89d2-1-1024x576.webp);\" role=\"img\" aria-label=\"Lai Chi Kok, Hong Kong\"><\/div>\n\t\t\t\t<div class=\"elementor-cta__bg-overlay\"><\/div>\n\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-cta__content\">\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t<h3 class=\"elementor-cta__title elementor-cta__content-item elementor-content-item\">\n\t\t\t\t\t\tVirtual Office\t\t\t\t\t<\/h3>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-cta__button-wrapper elementor-cta__content-item elementor-content-item\">\n\t\t\t\t\t<a class=\"elementor-cta__button elementor-button elementor-size-\" href=\"https:\/\/www.mnnbus.com\/en\/virtual-office\/\" target=\"_blank\">\n\t\t\t\t\t\tLearn more\t\t\t\t\t<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<div class=\"elementor-element elementor-element-22e7853 elementor-widget elementor-widget-spacer\" data-id=\"22e7853\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-25c925c elementor-widget elementor-widget-heading\" data-id=\"25c925c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Conclusion<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f29575e elementor-widget elementor-widget-text-editor\" data-id=\"f29575e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The abolition of MPF offsetting in 2025 is an important milestone in the protection of labor rights in Hong Kong. Both employers and employees should grasp the details of the new system as soon as possible and make full preparations.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-24aa1cf elementor-widget elementor-widget-text-editor\" data-id=\"24aa1cf\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>M &amp; N has extensive experience in MPF and HR management. For detailed assessment, planning or consultation on the de-hedging arrangement, please do not hesitate to contact us at<span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"https:\/\/api.whatsapp.com\/send\/?phone=85296646136&amp;text&amp;type=phone_number&amp;app_absent=0\" rel=\"noopener\">M &amp; N Professional Team<\/a><\/span>Let us help you make a smooth transition and protect your rights.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4ff367f elementor-widget elementor-widget-text-editor\" data-id=\"4ff367f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><strong>References<\/strong><strong>\uff1a<\/strong><\/p><ul><li>Labor Department, Brief Introduction of Hedging Cancellation, 2025<br \/><a href=\"https:\/\/www.op.labour.gov.hk\/tc\/abolition-of-the-offsetting.html#overall\" rel=\"noopener\">https:\/\/www.tcsp.cr.gov.hk\/tcspls\/index<\/a><br \/><br \/><p>Labor Department, Calculator of the MPF Hedging Cancellation arrangement, 2025<\/p><p><a href=\"https:\/\/www.offsettingsubsidy.gov.hk\/tc\/calculator.html\" rel=\"noopener\">https:\/\/www.offsettingsubsidy.gov.hk\/tc\/calculator.html<\/a><\/p><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-378a38f elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"378a38f\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-11c540a\" data-id=\"11c540a\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-c52583c elementor-widget elementor-widget-spacer\" data-id=\"c52583c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7d22fb2 elementor-widget elementor-widget-text-editor\" data-id=\"7d22fb2\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\tThe M&amp;N team is responsible for all content and information provided in this article for general reference only. M&amp;N accepts no liability for any loss or damage arising directly or indirectly from any person's use, misuse or reliance on the information on this website.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>","protected":false},"excerpt":{"rendered":"<p>\u9999\u6e2f\u52de\u5de5\u6b0a\u76ca\u8fce\u4f86\u91cd\u5927\u8b8a\u9769\uff01\u722d\u8b70\u591a\u5e74\u7684\u300c\u53d6\u6d88\u5f37\u7a4d\u91d1\u5c0d\u6c96\u300d\u5df2\u65bc 2025\u5e745\u67081\u865f\uff08\u8f49\u5236\u65e5\uff09 \u6b63\u5f0f\u5be6\u65bd\u3002\u9019\u9805\u653f\u7b56\u65e8 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":6022,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2261","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-1"],"_links":{"self":[{"href":"https:\/\/www.mnnbus.com\/en\/wp-json\/wp\/v2\/posts\/2261","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.mnnbus.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.mnnbus.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.mnnbus.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.mnnbus.com\/en\/wp-json\/wp\/v2\/comments?post=2261"}],"version-history":[{"count":31,"href":"https:\/\/www.mnnbus.com\/en\/wp-json\/wp\/v2\/posts\/2261\/revisions"}],"predecessor-version":[{"id":5283,"href":"https:\/\/www.mnnbus.com\/en\/wp-json\/wp\/v2\/posts\/2261\/revisions\/5283"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.mnnbus.com\/en\/wp-json\/wp\/v2\/media\/6022"}],"wp:attachment":[{"href":"https:\/\/www.mnnbus.com\/en\/wp-json\/wp\/v2\/media?parent=2261"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mnnbus.com\/en\/wp-json\/wp\/v2\/categories?post=2261"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mnnbus.com\/en\/wp-json\/wp\/v2\/tags?post=2261"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}