Hong Kong Mandatory Provident Fund Schemes Authority reviews MPF contribution income thresholds and plans mid-2026 recommendations to Government

In a chairman’s blog post, the Hong Kong Mandatory Provident Fund Schemes Authority outlined its ongoing review of the minimum and maximum relevant income levels used to calculate mandatory Mandatory Provident Fund contributions, with a review report and recommendations due to be submitted to the Government by mid-2026. The current thresholds are HKD 7,100 (minimum) and HKD 30,000 (maximum) per month, last adjusted in 2013 and 2014, and they determine whether employees and self-employed persons must make mandatory contributions and the income cap above which mandatory contributions are not required. The MPFA has engaged more than 30 stakeholder groups in early February 2026, with views collected to date commonly pointing to the need for the thresholds to reflect price and wage rises over the past decade, including raising the minimum to ease the burden on low-income employees and considering upward adjustments affecting wages above the current maximum. The proposals will take account of income data, retirement protection needs, affordability for employees and employers, labour market conditions and the broader economic environment. The post also highlighted increased use of voluntary saving through MPF, with voluntary contributions reaching 25% of total MPF contributions in 2025 and cumulative Tax-Deductible Voluntary Contributions reaching HKD 14.1 billion by end-2025. Members were encouraged to make Tax-Deductible Voluntary Contributions before end-March 2026 to claim tax deductions of up to HKD 60,000 per year.