Missed MPF Tax Deductions? You Can Reclaim Six Years

How do MPF contributions cut your tax bill?

With the tax deadline two weeks away, accountants remind workers to claim MPF contribution deductions themselves — missed claims can be recovered up to six years back; work expenses like transport and uniform laundering qualify if “wholly, exclusively and necessarily” incurred. Many fill the return wrong every year.

Any tips on voluntary contributions?

Mandatory contributions earn deductions for all; voluntary ones enlarge them. Before topping up, compare tax-deductible voluntary contribution funds’ fees and performance — save tax and boost retirement in one move.