MPF Contribution Limits Under Review
The Mandatory Provident Fund Authority has announced a comprehensive review of MPF contribution limits, the first in 13 years.
Background
The current maximum relevant income level of HK$30,000 per month has remained unchanged since 2012, despite cumulative inflation of approximately 30% over the period.
Review Scope
- Maximum relevant income level
- Minimum relevant income level (currently HK$7,100)
- Alignment with wage growth and cost of living
Recommendations are expected to be submitted to the government later this year.
Source: MPFA
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