{"id":725,"date":"2018-07-08T09:27:54","date_gmt":"2018-07-08T01:27:54","guid":{"rendered":"https:\/\/iiqedatabase.com\/?page_id=725"},"modified":"2024-04-04T22:36:23","modified_gmt":"2024-04-04T14:36:23","slug":"iiqe-paper-mpf-english-preview","status":"publish","type":"page","link":"https:\/\/iiqedatabase.com\/iiqe-paper-mpf-english-preview\/","title":{"rendered":"IIQE Paper MPF English Preview"},"content":{"rendered":"\t\t
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Mandatory Provident Fund Schemes Examination<\/h1>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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The only IIQE exams tool that allows you to study with minimum time and pass in your first attempt.<\/p>

Never take an exam twice.<\/p>

Last updated on:<\/p>24-April-24\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

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Time limit: 0<\/span><\/div>\n
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Quiz-summary<\/h4>\n\n

\n 0<\/span> of 30 questions completed <\/p>\n\n

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    Information<\/h4>\n\n \n \n <\/div>\n
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    IIQE Exam Quiz 12 Topics Covers:
    \n1. Offsetting of Long Service Payments \/ Severance Payments
    \n2. Employers Who Are Not Exempt from MPFSO<\/p>\n <\/p>\n\n \n

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    Results<\/h4>\n

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            1. \n \n Question 1<\/span> of 30<\/span> <\/div>\n
              \n 1<\/span>. Question <\/h5>\n\n \n
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              Mr. Chan operates a small business with three employees. He is wondering if he is required to enroll his employees in a Mandatory Provident Fund (MPF) scheme. What should Mr. Chan consider?<\/p>\n <\/div>\n

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                Ms. Wong recently hired a part-time administrative assistant to help with her accounting firm’s workload. Does Ms. Wong need to enroll her part-time employee in an MPF scheme?<\/p>\n <\/div>\n

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                  Mr. Lee operates a small retail store with five employees. He wants to know if he can be exempt from enrolling his employees in an MPF scheme. What factors should Mr. Lee consider?<\/p>\n <\/div>\n

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                    \n 4<\/span>. Question <\/h5>\n\n \n
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                    Ms. Cheung is the owner of a startup company with two employees. She is unsure if her company is required to participate in the Mandatory Provident Fund (MPF) scheme. What should Ms. Cheung consider?<\/p>\n <\/div>\n

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                      \n 5<\/span>. Question <\/h5>\n\n \n
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                      Mr. Yip owns a small consultancy firm that provides services to clients in Hong Kong and overseas. He wants to know if he is required to enroll his employees in a Mandatory Provident Fund (MPF) scheme. What should Mr. Yip consider?<\/p>\n <\/div>\n

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                        \n 6<\/span>. Question <\/h5>\n\n \n
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                        Mrs. Lam is the owner of a manufacturing company with 20 employees. She wants to know if she is required to enroll her employees in a Mandatory Provident Fund (MPF) scheme. What should Mrs. Lam consider?<\/p>\n <\/div>\n

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                        • \n \n Question 7<\/span> of 30<\/span> <\/div>\n
                          \n 7<\/span>. Question <\/h5>\n\n \n
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                          Mr. Kwok owns a construction company with 10 employees. He wonders if he is exempt from enrolling his employees in a Mandatory Provident Fund (MPF) scheme. What factors should Mr. Kwok consider?<\/p>\n <\/div>\n

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                          • \n \n Question 8<\/span> of 30<\/span> <\/div>\n
                            \n 8<\/span>. Question <\/h5>\n\n \n
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                            Ms. Cheng operates a tutoring center with five part-time tutors. She is uncertain if she needs to enroll her tutors in a Mandatory Provident Fund (MPF) scheme. What should Ms. Cheng consider?<\/p>\n <\/div>\n

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                            • \n \n Question 9<\/span> of 30<\/span> <\/div>\n
                              \n 9<\/span>. Question <\/h5>\n\n \n
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                              \n

                              Mr. Wong is the owner of a technology startup with eight employees. He wants to know if he is required to enroll his employees in a Mandatory Provident Fund (MPF) scheme. What should Mr. Wong consider?<\/p>\n <\/div>\n

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                              • \n \n Question 10<\/span> of 30<\/span> <\/div>\n
                                \n 10<\/span>. Question <\/h5>\n\n \n
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                                Mrs. Ho runs a small cafe with six employees. She is unsure if she needs to enroll her employees in a Mandatory Provident Fund (MPF) scheme. What should Mrs. Ho consider?<\/p>\n <\/div>\n

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                                • \n \n Question 11<\/span> of 30<\/span> <\/div>\n
                                  \n 11<\/span>. Question <\/h5>\n\n \n
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                                  \n

                                  Mr. Li owns a graphic design studio with three full-time employees and two interns. He wonders if he needs to enroll the interns in a Mandatory Provident Fund (MPF) scheme. What should Mr. Li consider?<\/p>\n <\/div>\n

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                                  • \n \n Question 12<\/span> of 30<\/span> <\/div>\n
                                    \n 12<\/span>. Question <\/h5>\n\n \n
                                    \n
                                    \n

                                    Ms. Cheung runs a small bakery with five employees. She wants to know if she needs to enroll her employees in a Mandatory Provident Fund (MPF) scheme. What should Ms. Cheung consider?<\/p>\n <\/div>\n

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                                    • \n \n Question 13<\/span> of 30<\/span> <\/div>\n
                                      \n 13<\/span>. Question <\/h5>\n\n \n
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                                      \n

                                      Mr. Kwok is the owner of a construction company with 15 employees. He wants to know if he needs to enroll his employees in a Mandatory Provident Fund (MPF) scheme. What should Mr. Kwok consider?<\/p>\n <\/div>\n

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                                      • \n \n Question 14<\/span> of 30<\/span> <\/div>\n
                                        \n 14<\/span>. Question <\/h5>\n\n \n
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                                        \n

                                        Ms. Wong operates a beauty salon with eight employees. She wonders if she needs to enroll her employees in a Mandatory Provident Fund (MPF) scheme. What should Ms. Wong consider?<\/p>\n <\/div>\n

                                          \n \n
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                                        • \n \n Question 15<\/span> of 30<\/span> <\/div>\n
                                          \n 15<\/span>. Question <\/h5>\n\n \n
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                                          \n

                                          Mr. Chan is the owner of a small printing shop with four employees. He wants to know if he needs to enroll his employees in a Mandatory Provident Fund (MPF) scheme. What should Mr. Chan consider?<\/p>\n <\/div>\n

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                                          • \n \n Question 16<\/span> of 30<\/span> <\/div>\n
                                            \n 16<\/span>. Question <\/h5>\n\n \n
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                                            Mr. Chan has been working for a company for 15 years and has contributed to the Mandatory Provident Fund (MPF) scheme during this period. Due to the company’s financial difficulties, Mr. Chan is informed that he will be terminated from his employment. What option does Mr. Chan have regarding his accrued benefits in the MPF scheme?<\/p>\n <\/div>\n

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                                              \n 17<\/span>. Question <\/h5>\n\n \n
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                                              \n

                                              Ms. Wong has been employed by a company for 7 years. Due to restructuring, her position is made redundant, and she is entitled to a severance payment. However, she is concerned about the tax implications of receiving the severance payment. What should Ms. Wong know about the taxation of severance payments in Hong Kong?<\/p>\n <\/div>\n

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                                              • \n \n Question 18<\/span> of 30<\/span> <\/div>\n
                                                \n 18<\/span>. Question <\/h5>\n\n \n
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                                                Mr. Lam has been employed by a company for 10 years and is eligible for long service payment upon termination. However, he intends to continue working after leaving his current job. What option does Mr. Lam have regarding his long service payment?<\/p>\n <\/div>\n

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                                                  \n 19<\/span>. Question <\/h5>\n\n \n
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                                                  \n

                                                  Ms. Cheung has worked for a company for 5 years and is terminated from her employment. She is entitled to a severance payment, but she is also eligible to withdraw her accrued benefits from the MPF scheme. What should Ms. Cheung consider when deciding between the severance payment and withdrawing her MPF benefits?<\/p>\n <\/div>\n

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                                                    \n 20<\/span>. Question <\/h5>\n\n \n
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                                                    Mr. Ng has been employed by a company for 25 years and is nearing retirement age. He is entitled to both long service payment and severance payment upon termination. However, he is unsure about the difference between these two types of payments. What distinguishes long service payment from severance payment in Hong Kong?<\/p>\n <\/div>\n

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                                                    • \n \n Question 21<\/span> of 30<\/span> <\/div>\n
                                                      \n 21<\/span>. Question <\/h5>\n\n \n
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                                                      \n

                                                      Ms. Lee has been contributing to the Mandatory Provident Fund (MPF) scheme for several years. She decides to resign from her current job and takes up a new position immediately. What options does Ms. Lee have regarding her MPF contributions?<\/p>\n <\/div>\n

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                                                      • \n \n Question 22<\/span> of 30<\/span> <\/div>\n
                                                        \n 22<\/span>. Question <\/h5>\n\n \n
                                                        \n
                                                        \n

                                                        Mr. Yip has been employed by a company for 20 years and is eligible for long service payment. However, the company undergoes a change in ownership, resulting in Mr. Yip’s termination. What should Mr. Yip consider regarding his entitlement to long service payment under the new ownership?<\/p>\n <\/div>\n

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                                                        • \n \n Question 23<\/span> of 30<\/span> <\/div>\n
                                                          \n 23<\/span>. Question <\/h5>\n\n \n
                                                          \n
                                                          \n

                                                          Ms. Ho has been contributing to the Mandatory Provident Fund (MPF) scheme for several years. She is considering early retirement at the age of 55. What are the implications of early retirement on Ms. Ho’s MPF benefits?<\/p>\n <\/div>\n

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                                                          • \n \n Question 24<\/span> of 30<\/span> <\/div>\n
                                                            \n 24<\/span>. Question <\/h5>\n\n \n
                                                            \n
                                                            \n

                                                            Mr. Kwok has been employed by a company for 15 years and is entitled to both long service payment and severance payment upon termination. However, he is uncertain about the difference between these two types of payments. What distinguishes severance payment from long service payment in Hong Kong?<\/p>\n <\/div>\n

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                                                            • \n \n Question 25<\/span> of 30<\/span> <\/div>\n
                                                              \n 25<\/span>. Question <\/h5>\n\n \n
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                                                              \n

                                                              Ms. Ng has been contributing to the Mandatory Provident Fund (MPF) scheme for several years. She decides to take a career break and temporarily suspend her contributions. What options does Ms. Ng have regarding her MPF contributions during this career break?<\/p>\n <\/div>\n

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                                                              • \n \n Question 26<\/span> of 30<\/span> <\/div>\n
                                                                \n 26<\/span>. Question <\/h5>\n\n \n
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                                                                \n

                                                                Ms. Lam has been contributing to the Mandatory Provident Fund (MPF) scheme for several years. She decides to immigrate to another country permanently. What options does Ms. Lam have regarding her MPF contributions upon emigration?<\/p>\n <\/div>\n

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                                                                • \n \n Question 27<\/span> of 30<\/span> <\/div>\n
                                                                  \n 27<\/span>. Question <\/h5>\n\n \n
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                                                                  \n

                                                                  Mr. Wong has been contributing to the Mandatory Provident Fund (MPF) scheme for several years. He is considering early withdrawal of his MPF benefits to finance his child’s education. What factors should Mr. Wong consider before making this decision?<\/p>\n <\/div>\n

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                                                                  • \n \n Question 28<\/span> of 30<\/span> <\/div>\n
                                                                    \n 28<\/span>. Question <\/h5>\n\n \n
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                                                                    \n

                                                                    Ms. Chan has been employed by a company for 3 years and is terminated due to redundancy. She is entitled to a severance payment, but she is also eligible to withdraw her accrued benefits from the MPF scheme. What factors should Ms. Chan consider when deciding between the severance payment and withdrawing her MPF benefits?<\/p>\n <\/div>\n

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                                                                    • \n \n Question 29<\/span> of 30<\/span> <\/div>\n
                                                                      \n 29<\/span>. Question <\/h5>\n\n \n
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                                                                      Mr. Ho has been employed by a company for 8 years and is considering resigning to pursue higher education on a full-time basis. What options does Mr. Ho have regarding his Mandatory Provident Fund (MPF) contributions upon resignation for education purposes?<\/p>\n <\/div>\n

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                                                                      • \n \n Question 30<\/span> of 30<\/span> <\/div>\n
                                                                        \n 30<\/span>. Question <\/h5>\n\n \n
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                                                                        Mr. Cheung has been contributing to the Mandatory Provident Fund (MPF) scheme for several years. He is approaching the age of 65 and is considering retirement. What options does Mr. Cheung have regarding his MPF benefits upon reaching the retirement age?<\/p>\n <\/div>\n

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