How Did the 2011 MPF Contribution Income Limits Change?

What did the government propose for the income thresholds in 2011?

In 2011, the government planned to raise the MPF contribution income floor from HK$5,000 to HK$6,500 and the ceiling from HK$20,000 to HK$25,000, alongside the minimum wage. The higher floor spared low earners from pay cuts; the higher ceiling meant up to HK$250 more a month from each side.

When would it take effect?

The government aimed to table the subsidiary legislation in the Legislative Council in June 2011 for speedy implementation.

How does a higher ceiling affect workers?

Higher earners contribute more and build bigger retirement pots; see how funds grow at MPF fund comparison.