Definicja relevant income

Total cash income used to calculate the MPF contribution.

It includes any wage, salary, leave pay, fee commission, bonus, gratuity,perquisite or allowance (other than a housing allowance or other housing benefits expressed in monetary terms, paid or payable by an employer (directly or indirectly) to the relevant employee in consideration of his employment under the contract, but does not include severance payment or long service payment.