If you are an employee (full time or part-time), both you and your employer are required to make regular MPF contributions for you, based on your “relevant income” as follows:
| Monthly Relevant Income* | Mandatory Contribution Amount | |
|---|---|---|
| Employer's Contributions | Employee's Contributions | |
| Less than HK$7,100 | Relevant income × 5% | Not required |
| HK$7,100 - HK$30,000 | Relevant income × 5% | Relevant income × 5% |
| More than HK$30,000 | HK$1,500 | HK$1,500 |
* Relevant income refers to wages, salaries, leave pay, fees, commissions, bonuses, gratuities, perquisites or allowances, expressed in monetary terms, paid or payable by an employer to an employee, but excludes severance payments or long service payments under the Employment Ordinance.
All contributions are immediately vested in you, except for the MPF derived from the employer’s contributions for offsetting severance payments or long service payments.
If you are self-employed, you are required to make MPF contributions as follows:
| Relevant Income | Self-employed Person’s Contributions | |
|---|---|---|
| Annual | Monthly Average | |
| Less than HK$85,200 | Less than HK$7,100 | Not required |
| HK$85,200 - HK$360,000 | HK$7,100 - HK$30,000 | Relevant income × 5% |
| More than HK$360,000 | More than HK$30,000 | HK$360,000 × 5% = HK$18,000 per year or HK$30,000 × 5% = HK$1,500 per month |
Whether you are an employee or self-employed, you may also consider making additional contributions (i.e. Voluntary Contributions) in light of your personal needs.
| How to Open an Account | Voluntary Contributions |
| For employee, your employer helps you open an account under the MPF scheme chosen by your employer. For self-employed person, you can open an account under the MPF scheme of your own choice. |
For details of different types of contributions, you may refer to the MPF Scheme Brochure for Principal MPF – Smart Plan – “Administrative Procedures” section which is available via the link:
MPF Scheme Brochure
Principal MPF – Smart Plan