Hong Kong MPF Prescribed Savings Calculator 2026

Hong Kong MPF — How Contributions Work in 2026

The Mandatory Provident Fund (MPF) is Hong Kong's compulsory retirement savings system, established under the Mandatory Provident Fund Schemes Ordinance. Both employees and employers contribute 5% of relevant income each, on income between the minimum and maximum levels set by MPFA. As of 2026, the minimum income level is HK$7,100/month and the maximum is HK$30,000/month — meaning combined contributions cap at HK$3,000/month (5% × HK$30,000 × 2) (source: mpfa.org.hk).

Employees earning below the minimum threshold do not pay the employee contribution, but the employer must still pay its 5% share. Employees earning above the cap have their contribution capped at HK$1,500/month. Self-employed individuals contribute 5% of their relevant income directly, with the same cap. Contributions are paid into an MPF scheme operated by an approved trustee.

eMPF Platform — 2024-2025 Mandatory Migration

The MPFA introduced the eMPF Platform in 2024 to centralize MPF administration across all 12 approved trustees. The phased rollout began June 2024 and continues through 2025-2026. Once a trustee migrates to eMPF, employers must submit contributions, file changes, and manage employee enrolments via the eMPF Platform. Most major trustees have now migrated; smaller schemes are completing migration through 2026 (source: empf.org.hk).

For employers, eMPF migration means new login credentials, slightly different submission workflows, and access to centralized reports. For employees, eMPF provides a single login to see all MPF accounts from multiple employers — a major user-experience improvement. Confirm with your trustee whether migration is complete; if pending, prepare for a transition window with potential dual-system operation.

Tax-Voluntary Contributions (TVC) — The 2026 Tax Saving Lever

Tax-Voluntary Contributions (TVC) are voluntary MPF contributions that qualify for salaries tax deduction. The annual TVC deduction cap is HK$60,000 per taxpayer for the year of assessment 2025-26 and beyond. Combined with QDAP (Qualifying Deferred Annuity Policy) contributions, the joint cap is HK$60,000 per individual (source: ird.gov.hk).

For higher earners at the 17% standard rate or top progressive rates of 17%-20%, TVC effectively provides up to HK$12,000 in annual salaries tax savings (20% × HK$60,000). The contribution must be made to a TVC account separately registered with an MPF trustee, not to your regular mandatory contribution account. Couples can each contribute up to HK$60,000 to their own TVC, doubling the household tax benefit.

MPF Investment Options and the Default Investment Strategy (DIS)

Each MPF member can choose from a menu of constituent funds offered by their scheme — typically including equity, mixed, bond, money market, and the Default Investment Strategy (DIS). DIS is a low-cost, life-cycle approach with Core Accumulation Fund (60% equities/40% bonds) before age 50, gradually de-risking to Age 65 Plus Fund (20% equities/80% bonds) by age 65. DIS management fees are capped at 0.75% per year by regulation.

For members without strong investment views, DIS is a sensible default. Active investors may construct portfolios across multiple constituent funds, with annual switching typically allowed up to several times per year free of charge. Investment performance is reported quarterly on the MPFA Fund Performance Platform — useful for comparing your trustee's funds against industry medians.

For broader Hong Kong financial planning, see our MPF TVC tax deduction calculator and Singapore CPF calculator for cross-jurisdictional comparison.

Last updated April 2026. Sources: mpfa.org.hk, empf.org.hk, ird.gov.hk.