Hong Kong MPF Calculator
Estimate your MPF retirement savings and TVC tax deductions. Free tool for Hong Kong employees.
Key Facts
- • Mandatory contribution: employer 5% + employee 5%, capped at HK$30,000/month salary
- • Employees earning below HK$7,100/month are exempt from their own contribution
- • TVC (Tax Deductible Voluntary Contributions) allow up to HK$60,000/year in tax deductions
- • Normal withdrawal age is 65 (early withdrawal only under specific circumstances)
Your Details
MPF contributions are capped at HK$30,000/month
MPF equity funds: ~4-6% historical avg; conservative: ~1-3%
Monthly Contribution
HK$2,500
Employee HK$1,250 + Employer HK$1,250
Years to Retirement
35 years
Total Contributions
HK$1,231,547
Projected at 65
HK$3,281,627
Investment gain: HK$2,050,079
Projected Balance by Age
| Age | Total Contributions | Projected Balance | Investment Gain |
|---|---|---|---|
| 35 | HK$157,618 | HK$179,023 | +HK$21,405 |
| 40 | HK$331,547 | HK$427,328 | +HK$95,781 |
| 45 | HK$511,547 | HK$753,284 | +HK$241,737 |
| 50 | HK$691,547 | HK$1,171,601 | +HK$480,054 |
| 55 | HK$871,547 | HK$1,708,453 | +HK$836,906 |
| 60 | HK$1,051,547 | HK$2,397,427 | +HK$1,345,880 |
| 65 | HK$1,231,547 | HK$3,281,627 | +HK$2,050,080 |
Projection assumes constant return rate and annual salary growth. Actual MPF returns vary by fund selection.
Contributions vs Investment Returns
Frequently Asked Questions
How much will I have in my MPF at retirement?+
It depends on your salary, contribution years, and fund returns. For a 30-year-old earning HK$25,000/month with 5% annual returns, mandatory contributions alone could accumulate to roughly HK$2.5-3 million by age 65. Adding TVC or choosing higher-return equity funds can significantly increase this amount.
Is TVC worth it?+
For most taxpayers earning above HK$400,000/year, TVC provides a guaranteed return through tax savings (typically 6-17% effective rate on the HK$60,000 contribution). That is HK$3,600-10,200 in annual tax savings. The funds also grow tax-free within MPF until withdrawal. However, the money is locked until age 65.
Can I choose which fund my MPF goes into?+
Yes. Every MPF scheme offers a range of funds — typically equity, mixed, bond, money market, and a Default Investment Strategy (DIS) that automatically adjusts allocation as you age. You can switch between funds at any time for free through your trustee. For TVC, you can even choose a different trustee from your employer's scheme.
What is the maximum mandatory MPF contribution?+
The maximum relevant income for mandatory contributions is HK$30,000/month. At 5% each for employer and employee, the maximum is HK$1,500/month per party (HK$3,000 total, or HK$36,000/year). Even if you earn HK$100,000/month, mandatory contributions are capped at HK$30,000 base.
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This calculator provides estimates only. Actual MPF returns depend on fund selection and market performance. Tax calculations are simplified and may not reflect all deductions and allowances. Consult a tax professional for personalised advice. TradingView and moomoo are affiliate links.