Hong Kong MPF Calculator
Enter your monthly relevant income. The calculator estimates MPF contributions at 5% each for employee and employer, with a floor of HK$7,100 and a ceiling of HK$30,000.
Input Data
Results
At a glance:Mandatory MPF contributions: the employee and the employer each contribute 5% of the relevant income. The relevant income floor is HK$7,100 (below which no employee contribution is required); the contribution ceiling is HK$30,000 (in effect from June 2024), above which no mandatory contribution is charged, so the maximum per person is HK$1,500 per month. Total contribution = employee + employer. Voluntary contributions (such as Tax-Deductible Voluntary Contributions, TVC) are not counted here. This calculator gives an estimate; the actual amount follows the MPF scheme trustee.
Formula
Relevant income = min(max(income, 0), 30,000), but 0 if < 7,100
Contribution = 5% × relevant income (employee = employer)
Total = employee + employer
$$B = \min(\max(I,0),30000)$$$$C = 0.05\,B\ (I\ge 7100)\text{ else }0$$$$T = 2C$$How to Use
- Enter your monthly relevant income (HK$).
- The calculator outputs the employee, employer and total contributions.
Case Studies
At the ceiling
30,000.
Employee 1,500, employer 1,500, total 3,000.
High earner, capped
80,000.
Still based on 30,000; 1,500 each, total 3,000.
FAQ
Why doesn't it rise for high earners?
The contribution ceiling is HK$30,000; income above it is exempt from mandatory contributions, protecting high earners from excessive deductions.
What is the floor for?
Employees earning below HK$7,100 monthly may opt out of contributions (the employer still contributes 5% of the actual income), easing the burden on low-income workers.
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References
Content review: Calculatorism Finance Team. Results are for reference only; please refer to the relevant authorities for the official figures.