MPF Employer Voluntary + TVC 2026 Calculator

Calculate your Hong Kong MPF employer voluntary contributions, employee TVC tax deductions (up to HK$60,000/yr), and annual tax savings. Source: mpfa.org.hk.

Relevant income for MPF calculation
Above the mandatory 5% — check your contract
Max HK$5,000/mo (HK$60,000/yr) for deduction
2026: 2%/7%/12%/17% or standard rate 15%
Annual Tax Savings from TVC
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Based on TVC deduction at your marginal rate
Employer Mandatory (Annual)
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Employer Voluntary (Annual)
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Employee TVC (Annual)
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TVC Deductible Cap
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Total MPF Into Account
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Monthly Effective Cost of TVC
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What Are MPF Voluntary Contributions and TVC?

Hong Kong's Mandatory Provident Fund (MPF) system requires both employers and employees to contribute 5% of relevant income each (capped at HK$1,500/month mandatory each). Beyond mandatory contributions, employers may make voluntary contributions, and employees can open a separate Tax Deductible Voluntary Contributions (TVC) account at any MPF trustee. TVC contributions are deductible up to HK$60,000 per year (HK$5,000/month) from assessable income for salaries tax purposes. Source: mpfa.org.hk. Last updated: May 2026.

How Employer Voluntary Contributions Work

Employer voluntary contributions are amounts above the 5% mandatory minimum that the employer agrees to pay into your MPF account under the employment contract. These are a salary benefit — they go into your MPF account but are not personally deductible for the employee. Vesting schedules typically apply: you may need to work a minimum number of years before you are entitled to retain employer voluntary contributions. Always check your employment contract for vesting terms.

TVC Tax Deduction Strategy for 2026

At the 15% standard salaries tax rate, the maximum annual TVC deduction of HK$60,000 saves HK$9,000 in tax. At the 17% marginal rate, savings reach HK$10,200/year. The effective cost of maxing out TVC is HK$50,000–HK$51,000 after tax savings, while HK$60,000 enters your retirement account. For employees expecting income above HK$400,000, TVC is one of the few effective tax-deferral tools available in Hong Kong. Source: mpfa.org.hk and Inland Revenue Department 2026 rates.