People are living longer than ever before, and this brings fresh challenges. Your business is legally required to join MPF scheme. In addition, there are voluntary pension arrangements that you can put in place to provide retirement and death benefits for your employees and their dependants.
Employers have a major role to play in the partnership by providing access, information and contributions to pensions or/and MPF for their employees. The workplace is an effective place for people to save - administration is more efficient and there are tax advantages for the employer and the employee.
We would encourage you to get appropriate information and advice before deciding what type of pension provision you will make available.