MPF Contribution Ceiling May Rise to HK$25,000 — 400,000 Workers and Employers Each Pay Up to HK$250 More

With the minimum wage in place, the government prepared to adjust MPF’s income thresholds. One option under consideration: the floor rises from HK$5,000 to HK$6,500, the ceiling from HK$20,000 to HK$25,000 — affecting nearly 400,000 employees earning over HK$20,000.

How much more would workers and employers pay?

Up to HK$250 a month each. At a HK$25,000 ceiling, employees pay up to HK$250 more monthly; employers match it — effectively a pay rise for those 400,000 workers.

Why HK$6,500 for the floor?

Because of the minimum wage. The MPFA had proposed HK$5,500–HK$30,000 (statutory formula: floor at half the median employment income, ceiling at the 90th percentile; the ceiling should have hit HK$30,000 four years earlier but the downturn froze it). But at the public hearing, citizens and lawmakers said post-minimum-wage monthly pay could already reach HK$5,800, making HK$5,500 “everyone contributes” — most voices wanted HK$6,000–6,500. The government leaned toward HK$6,500/HK$25,000, subject to later review.

When does it take effect?

After finalising, the government would brief LegCo and rush the amendment before the July recess, but employers and systems need lead time — formal implementation expected by year-end. For workers pushed into the contribution net by the minimum-wage rise (“paid more, take home less”), a proposed grace period exempting employee contributions was rejected as hard to administer, small in amount, and moot once the year-end floor adjustment stops their contributions anyway.

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