Calculate your Hong Kong Mandatory Provident Fund contributions for 2026. Enter your monthly income, employment type, and age to see employee and employer mandatory contributions, voluntary contribution tax savings, and projected retirement balance. Based on official mpfa.org.hk rates.
| Employee Mandatory (5%) | HK$0 |
| Employer Mandatory (5%) | HK$0 |
| Total Mandatory | HK$0 |
| Grand Total (Monthly) | HK$0 |
The Mandatory Provident Fund (MPF) is Hong Kong's compulsory retirement savings scheme, established under the Mandatory Provident Fund Schemes Ordinance and administered by the MPFA. Both employers and employees contribute 5% of the employee's relevant income to an approved MPF scheme each month. For self-employed individuals, the same 5% rate applies to their declared net income. As of 2026, more than 4.6 million Hong Kong workers are covered under MPF, holding a combined portfolio exceeding HK$1.2 trillion. The scheme has been mandatory since December 2000 for most employees and self-employed persons aged 18 to 64. Unlike defined-benefit pensions, MPF is a defined-contribution system where the final retirement payout depends entirely on accumulated contributions and investment returns over your working life.
The minimum relevant income threshold is HK$7,100 per month. Employees earning below this amount are exempt from their own mandatory contribution, though the employer must still contribute 5% on their behalf. The maximum relevant income cap is HK$30,000 per month, meaning the maximum mandatory contribution is HK$1,500 per month from each side — totalling HK$3,000 per month or HK$36,000 annually. Self-employed persons follow the same min/max thresholds and contribute 5% on their declared income, but only one side (no employer match). Part-time and casual employees who have worked for the same employer for 60 or more days must also be enrolled. Contributions are calculated on relevant income including basic salary, allowances, overtime, commissions, and bonuses paid in that month. Non-cash benefits and housing allowances are generally excluded from the calculation.
Since April 2019, Hong Kong taxpayers can claim a tax deduction on Tax-Deductible Voluntary Contributions (TVC) made to qualifying MPF schemes. The annual deduction cap is HK$60,000 per person. At the highest progressive rate of 17%, this yields a maximum annual tax saving of HK$10,200. TVCs must be made to a dedicated TVC account with an approved trustee — ordinary voluntary contributions through your employer's scheme do not qualify. The Inland Revenue Department confirms the deduction automatically when you file your tax return, provided the trustee has reported the TVC amount. Combined with the mandatory contribution deduction of up to HK$18,000, the total maximum deductible amount is HK$78,000 per year, potentially saving a high earner up to HK$13,260 in salaries tax annually. This makes TVCs one of the most straightforward and effective tax-planning tools available in Hong Kong.
Understanding your projected MPF balance at retirement is essential for long-term financial planning. Assuming a 5% annualised net return after management fees, the compound growth of regular contributions can build a substantial fund over 30 to 40 working years. For example, an employee earning HK$25,000 per month from age 25 to 65 would accumulate roughly HK$1.8 million from mandatory contributions alone, assuming both employee and employer sides. Adding voluntary contributions can significantly accelerate this growth. Actual returns depend on your chosen fund mix — equities, bonds, mixed, or guaranteed funds — and management fees, which range from 0.75% (DIS default strategy) to over 2% for actively managed equity funds. The MPFA publishes quarterly fund performance data to help members compare options. Review your MPF investment allocation at least annually to ensure it aligns with your risk tolerance and time horizon as you approach retirement. Source: mpfa.org.hk. Last updated: May 2026.