Hong Kong MPF Calculator 2026
Hong Kong MPF (Mandatory Provident Fund) is a compulsory retirement savings scheme requiring 5% employee + 5% employer contributions of relevant income. This calculator handles the HK$7,100/month floor (no employee share) and HK$30,000/month ceiling (HK$1,500 max each side).
| Relevant income (capped at HK$30,000) | — |
| Floor applied (HK$7,100)? | — |
| Employee contribution (5%) | — |
| Employer contribution (5%) | — |
| Total monthly MPF | — |
| Annual MPF | — |
Hong Kong MPF (Mandatory Provident Fund) is a compulsory retirement savings scheme established in 2000. Employees and employers each contribute 5% of monthly relevant income to the worker's MPF account. The scheme covers most full-time, part-time, and self-employed workers aged 18 to under 65.
MPF Floor and Ceiling Rules
The Mandatory Provident Fund Schemes Authority (MPFA) sets a minimum relevant income of HK$7,100/month — employees earning at or below this floor are exempt from contributing, but the employer still pays its 5% share. The maximum relevant income ceiling is HK$30,000/month, so the maximum monthly contribution each side pays is HK$1,500. Self-employed persons follow the same income range but pay only the 5% mandatory amount themselves.
Contribution Holiday for New Employees
New regular employees enjoy a 30-day contribution holiday from their first day of work — neither party contributes during the first 30 days. After day 30, employer contributions begin from the wage period covering day 31 onward. Employee contributions begin from the first complete wage period after day 60. Casual employees and short-term contracts have different rules under the Industry Scheme.
Voluntary Contributions and Tax Deductibility
Employees can make Tax-Deductible Voluntary Contributions (TVC) to qualifying schemes — up to HK$60,000/year is deductible from salaries tax, combined with deductible Qualifying Deferred Annuity Policy (QDAP) premiums. Mandatory employee contributions are also deductible up to HK$18,000/year. Withdrawals are generally permitted at age 65 or earlier on grounds of permanent departure from Hong Kong, terminal illness, total incapacity, or small-balance accounts.
Common MPF Mistakes
(1) Missing the contribution day — late employer contributions trigger a 5% surcharge plus possible MPFA enforcement. (2) Not enrolling new staff — must enrol within 60 days of employment, even for probationary staff. (3) Excluding bonuses — discretionary year-end bonuses are subject to MPF up to the ceiling. (4) Forgetting consolidation — workers can consolidate personal MPF accounts from past employers under the "Employee Choice Arrangement" since 2012.
Last updated May 2026. Source: Mandatory Provident Fund Schemes Authority (mpfa.org.hk).