assists employers to fulfill record-keeping requirements
Other Functions
assists with leave administration
provides multiple holiday tables
produces tax returns (56B, 56E, 56F, 56G and 56M)
is able to export payroll, employee and contributions data to and from Excel spreadsheets
provides financial modeling capability (tells employer what will be the impact on his/her bottom line if he/she increases the employees' salary by a specified %)
enables data backup, archive and restore
consolidates tax return information for multiple employees under the same HKID within the same or across companies
Comprehensive Voluntary Contribution
voluntary contribution classes can be determined by grade, by time or by grade and time. System will change contribution class automatically.?No manual intervention is needed.
Comprehensive Conitrbution Handling
can handle monthly, half-monthly, bi-weekly, weekly and daily pay intervals within the same employer (company)
Flexible Income Group Structure
allows users to classify employees with different pay structures and/or pay periods (e.g., monthly and bi-weekly) into different income groups for efficient payroll processing.
9 Options for Making Voluntary Contributions
while voluntary contributions for ORSO schemes are normally calculated as a percentage of basic salary, TriMPF provides 9 options in relation to MPF top-up schemes.?These are:
a percentage of relevant income
a percentage of relevant income less mandatory contributions
a percentage of salary
a percentage of salary less mandatory contributions
a standardized fixed amount per employee
a standardized fixed amount per employee less mandatory contributions
a variable amount per employee
a variable amount per employee less mandatory contributions
non-contributory
HKSAR Government Bodies Required Functions
calculates contract gratuity in accordance with the guidelines issued by CSB
calculates MPF contributions for newly joined employees who had previously worked for other government bodies for less than 60 days