How much goes into my MPF each month?

5% of relevant income from you and 5% from your employer, up to HK$1,500 each, plus any voluntary contributions.

When can I withdraw my MPF?

At 65. Early retirement from 60 and other grounds are not modelled here.

Benefits paid out on retirement are not subject to salaries tax, so the yearly figure is what the pot gives before any other costs.

Does it include a partner’s MPF?

No. The calculator is for one person; a partner’s MPF is a separate account with its own contributions.

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🇭🇰 MPF

Hong Kong MPF retirement calculator

Your salary and MPF balance: see your pot at 65 and the yearly income it could give, in today’s dollars.

7-day free trial · Not financial advice

Your numbersDrag, click anywhere on a bar, or tap a number to type it

Your age35

Monthly salary

MPF balance today

Voluntary contributionsHK$0 / mo

On top of the mandatory 5% + 5%.

Stop work at65

Growth after fees6%

Inflation3%

Estimated income a year from 65

HK$96,839

MPF at 65HK$2,420,974

Mandatory a month nowHK$3,000

Today’s money: growth 6% and inflation 3% a year by default (both editable). Pots are read as income at 4% a year. MPF retirement benefits are not taxed. One person. An estimate, not advice. Mandatory levels held at today’s amounts.
Illustration, not financial advice. Investments can fall as well as rise.

Move any slider: the figure above updates as you drag.

HK$96,839 / yr

Estimated income from 65 · Illustration, not advice

How the MPF works

The Mandatory Provident Fund (MPF) is Hong Kong’s compulsory retirement saving for employees aged 18 to 64. You and your employer each pay 5% of your relevant income. Below HK$7,100 a month you pay nothing and your employer still pays; above HK$30,000 a month each side’s contribution stops at HK$1,500.

Your mandatory contributions are tax-deductible up to HK$18,000 a year. The savings are paid out at 65, and benefits paid on retirement are not subject to salaries tax. Many people add voluntary contributions on top.

Because the mandatory amount is a fixed share of pay up to a cap, someone earning above HK$30,000 a month pays in the same HK$1,500 as someone earning exactly that, and voluntary contributions are the way to save more through the MPF.

What the calculator assumes

It applies the same mandatory contribution rules as the Moola app, for a monthly-paid employee, with today’s contribution levels and your pay held flat in today’s dollars. Voluntary contributions are added as you enter them. The pot grows at your growth figure less inflation and is read as income at 4% a year from 65. Early withdrawal from 60 is not modelled.

The headline figure is the gross yearly income your pensions could give from the age shown, in today’s Hong Kong dollars, so it can be set against what you spend now. The tiles under it show the pot behind that income and a second figure for context. Move any slider to see how a later age, a higher contribution or a different growth figure changes the estimate.

Frequently asked questions

How much goes into my MPF each month?: 5% of relevant income from you and 5% from your employer, up to HK$1,500 each, plus any voluntary contributions.
When can I withdraw my MPF?: At 65. Early retirement from 60 and other grounds are not modelled here.
Is MPF income taxed?: Benefits paid out on retirement are not subject to salaries tax, so the yearly figure is what the pot gives before any other costs.
Does it include a partner’s MPF?: No. The calculator is for one person; a partner’s MPF is a separate account with its own contributions.