Hong Kong MPF Contribution Calculator
Enter your monthly relevant income, pick employee or self-employed (SEP), and instantly see employee / employer / SEP mandatory MPF contributions plus any voluntary percentages. The tool applies the $7,100 minimum relevant income (MRI) and $30,000 cap automatically and highlights the tax-deductible portion (up to $18,000 / year).
Please enter a valid number
Total monthly contribution
HK$2,500
Employee mandatory (5%) · Employer mandatory (5%)
Per the MPF Schemes Ordinance: 5% mandatory rate, $7,100 monthly minimum and $30,000 maximum relevant income. Tax-Deductible Voluntary Contributions (TVC, $60,000 / year cap) are not modelled; special rules apply after age 65 and in some industries.
Formula
Relevant Income (RI) = min(monthly income, $30,000) Employee mandatory = income ≥ $7,100 ? RI × 5% : $0 Employer mandatory = RI × 5% (always — even if employee is below MRI) SEP mandatory = income ≥ $7,100 ? RI × 5% : $0 Total = mandatory + voluntary
- · Minimum Relevant Income (MRI) is HK$7,100 per month, effective 2013-11-01.
- · Maximum relevant income is HK$30,000 per month, effective 2014-06-01 — mandatory contribution capped at $1,500 / month on each side.
- · Below MRI: the employee is exempt, but the employer must still contribute 5% on the actual income. Self-employed persons are exempt.
- · Employee mandatory contributions are tax-deductible up to $18,000 per year of assessment (Inland Revenue Ordinance).
- · Voluntary contributions are not deductible; Tax-Deductible Voluntary Contributions (TVC) live in a separate account, capped at $60,000 / year shared with qualifying deferred annuity premiums.
- · Source: Mandatory Provident Fund Schemes Authority (MPFA) — https://www.mpfa.org.hk
Frequently asked
My salary is below $7,100 — why is there still an MPF contribution?
The exemption only covers the employee side: when monthly income is below the $7,100 minimum relevant income (MRI), the employee can opt out of the 5%. The employer has no such exemption and must still contribute 5% of your actual income into your MPF account. Your payslip will show the employee MPF as zero but the employer MPF as a positive figure. The moment income crosses $7,100, the employee 5% kicks in on the whole month’s income — not just the excess above $7,100.
Voluntary, SVC, TVC — which voluntary contributions are tax-deductible?
Only Tax-Deductible Voluntary Contributions (TVC) qualify, with a $60,000 / year cap shared with qualifying deferred annuity premiums. TVC must go directly into a dedicated TVC account (with an insurer or MPF trustee) — it cannot run through your employer’s payroll deduction. Ordinary Voluntary Contributions (VC, paid alongside salary via the employer scheme) and Special Voluntary Contributions (SVC, paid yourself outside payroll) are NOT deductible, although withdrawals are more flexible than mandatory contributions. This calculator only models the $18,000 / year cap on mandatory employee contributions; TVC needs to be entered separately in the Salaries Tax workflow.
How do self-employed persons (SEPs) contribute — monthly or annually?
Self-employed persons must open their own MPF account and contribute 5% of relevant income. They can choose monthly contributions (based on the previous month’s income) or annual contributions (based on the previous year of assessment). The same $7,100 monthly / $85,200 yearly minimum and $30,000 monthly / $360,000 yearly maximum apply. If you also have an employer, the employee-side MPF on that salary is deducted automatically — your SEP contributions are paid separately on the self-employment income. This calculator uses the monthly view; for annual contributions, divide the annual relevant income by 12 before entering.
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