Skip to content
Contents

Part · Contributions to Trust

9. Voluntary contributions by self-employed person

(1)

Subject to the regulations or rules made under section 39, any self-employed person may at any time contribute voluntarily to the Trust.

Supplemental Contributory

Pensions Trust 18

(2)

Any self-employed person who chooses to pay voluntary contributions to the Trust shall pay to the Trust monthly in respect of himself a contribution of $17.50, of which $15 shall be credited to the person’s SCP account and $2.50 shall be paid to the survivorship protection fund.

(3)

The Board may on such terms and conditions authorise any self-employed person or class of self-employed persons to pay contributions under subsection (2) at other intervals not exceeding 3 months.

(4)

Where any self-employed person has paid any voluntary contribution under subsection (2), the Government shall match the person’s contribution with a contribution of $17.50, of which $15 shall be credited to the person’s SCP account and $2.50 shall be paid to the survivorship protection fund.

(5)

Any self-employed person may at any time contribute voluntarily to the Trust a sum additional to the contribution under subsection (2).

(6)

All voluntary contribution made by a self-employed person under subsection (5) shall be credited to his SCP account.

(7)

This section does not apply to any self-employed person who has received payment under section 20(1).

Report

Part

Payments from Trust

Part

Offences, Penalties and Proceedings

Part

General