Estimate the employee and employer mandatory contributions from monthly relevant income, how much of that can be deducted for salaries tax, and a projected MPF balance at retirement. The income levels on this page are the ones in force. A review of those levels has been discussed; it is not applied here.
Results are estimates for reference only and are not tax, investment or mortgage advice. Disclaimer
For a monthly-paid employee, each side is 5% of relevant income, subject to the minimum and maximum relevant income levels. Figures are from the MPFA. The access date is with the sources.
| Monthly relevant income | Employer mandatory contribution | Employee mandatory contribution |
|---|---|---|
| Less than HK$7,100 | Relevant income × 5% | No contribution |
| HK$7,100 to HK$30,000 | Relevant income × 5% | Relevant income × 5% |
| More than HK$30,000 | HK$1,500 | HK$1,500 |
Two things. First, the mandatory contribution each side pays on the monthly relevant income you enter, plus any tax-deductible voluntary contribution (TVC). Second, a projected MPF balance from your current age to the retirement age you enter. The return is the fixed annual rate you type. It is not a forecast from the MPFA or from a fund.
Relevant income (RI) is the monthly amount you enter. The employer always pays 5% up to the maximum. The employee pays nothing below the minimum, and the same as the employer from the minimum upward.
Employer = min(RI, HK$30,000) × 5%
Employee = 0 if RI < HK$7,100; otherwise the same as the employer
The projection runs month by month from your current age up to the retirement age. The year-by-year table is the balance after every twelfth month. Year index t starts at 0. Salary steps once at each anniversary and stays flat for the next twelve months. Contributions are added at the end of each month.
RI_t = RI_0 × (1 + g)^t
PMT_t = employee(RI_t) + employer(RI_t) + monthly TVC
i = (1 + r)^(1/12) − 1
B_0 = current balance
Each month: B = B × (1 + i) + PMT_t
The tax figures use the income and TVC you enter now, treated as a full year of assessment of twelve months. They are not a lifetime tax bill.
The employee’s own mandatory contributions are deductible, up to HK$18,000 for each year of assessment from 2020/21 onwards. The employer’s share is not your deduction. With one job at the current maximum, twelve months at HK$1,500 is exactly HK$18,000. Two jobs can push the contributions above that, and the deduction is still capped. This page models one job.
TVC is deductible up to HK$60,000 a year, shared with qualifying deferred annuity (QDAP) premiums. The MPFA says that when you have both in the same year, TVC is deducted first and any remainder goes to the annuity. This page does not ask for annuity premiums, so the TVC figure can overstate the deduction if you also pay those premiums. Ordinary voluntary contributions made through an employer are not deductible, and this page has no field for them.
One monthly-paid job. The number you type is that month’s relevant income. Daily, weekly, and casual-employee rules are not used. Self-employed persons are not covered.
Relevant income includes wages, salary, commission, bonuses, and similar payments from the employer, and it excludes severance and long-service payments. This page does not split those items. It uses the figure you enter.
The employee’s first-30-days contribution holiday, and the employer’s deadline for the first payment, are ignored. Every projection year has twelve full months.
Salary changes once a year, at each anniversary, by the growth rate, compounded. It is not an inflation adjustment. Above HK$30,000, the mandatory contribution stays at HK$1,500 a side. Below HK$7,100, the employee pays nothing that year and the employer still pays 5%.
TVC is a fixed monthly amount. It does not rise with salary, and the HK$30,000 cap does not apply to it.
Contributions are added at the end of each month. The balance compounds at i = (1 + r)^(1/12) − 1. A contribution therefore earns a return from the month it is paid. When the annual return is zero, i is zero and investment growth is zero.
The return is a constant annual rate, already net of fund fees. The fund expense ratio (FER) is shown beside the results and is not taken off again. An MPF fund does not pay a fixed rate. This page does not look up your fund’s FER.
No withdrawals, transfers, or offsetting against severance or long-service payments. 65 is the usual age for withdrawing MPF benefits, which is why retirement age starts at 65. You can change it. Early withdrawal on statutory grounds is not modelled.
Ages are whole years. The last row is the balance at the end of the retirement-age year. Amounts are rounded to the nearest Hong Kong cent when a contribution is worked out, and the balance is rounded to the nearest cent after each month’s return, before that month’s contribution is added. The table keeps those year-end balances.
The minimum and maximum relevant income levels are HK$7,100 and HK$30,000 a month. The MPFA has said these levels are under review. Until a change takes effect, this page uses the figures above.
Monthly relevant income of HK$20,000: employee HK$1,000, employer HK$1,000.
Monthly relevant income of HK$6,000, below the minimum: employee HK$0, employer HK$300.
Monthly relevant income of HK$50,000, above the maximum: employee and employer HK$1,500 each.
One year of projection: relevant income HK$20,000, no salary growth, no TVC, a current balance of HK$100,000, and a net return of 4%. HK$2,000 is added at the end of each month (HK$24,000 for the year). The monthly rate is (1.04)^(1/12) − 1. After twelve months the balance is HK$128,437 and investment growth is HK$4,437, both shown to the nearest dollar.
Self-employed contributions, industry-scheme casual employees in construction and catering, MPF-exempted occupational retirement schemes, employer voluntary contributions, the Default Investment Strategy fee cap as its own sum, contribution surcharges, and the offsetting arrangement. The result is an estimate, not advice. Before you act, check the MPFA, the Inland Revenue Department, or your scheme trustee.
From HK$7,100 to HK$30,000 of monthly relevant income, each side pays 5%. Above HK$30,000, each side pays HK$1,500. Below HK$7,100, the employee pays nothing and the employer still pays 5% of relevant income.
Your own mandatory contributions are deductible, up to HK$18,000 for each year of assessment from 2020/21 onwards. The employer’s contributions are not your deduction. This page annualises the income you enter and then applies that cap. It models one job.
Tax-deductible voluntary contributions share an annual cap of HK$60,000 with qualifying deferred annuity premiums. If you have both in the same year, TVC is deducted first. This page does not ask for annuity premiums. Ordinary voluntary contributions paid through an employer are not deductible.
No. The return you enter is already net of fees. The fund expense ratio is shown separately so that assumption stays visible. This page does not look up a fund’s expense ratio.
No. It only runs the fixed return and salary growth you enter through the formula on this page. Fund prices move up and down. The figure is an estimate, not investment advice and not tax advice.
Accessed 2026-10-03.