MPF thresholds rise at both ends: 510,000 to pay more — neither side happy

MPF’s lower relevant-income level would rise from HK$5,000 to HK$6,500 and the ceiling from HK$20,000 to HK$25,000, forcing about 510,000 workers to contribute more. The plan pleases neither workers nor employers.

Who pays more?

Earners of HK$5,000–6,500 and HK$20,000–25,000. Low earners previously exempt now pay up to HK$325 a month; those on HK$20,000–25,000 pay up to HK$250 more, with employers matching. About 510,000 employees are affected. The MPF contribution rate stays at 5% each — only the income band changes.

Why does everyone object?

Workers say the floor’s too high; bosses say the ceiling’s too high. Labour groups blast the HK$6,500 floor for dragging low earners into contributions they can ill afford; business says the HK$25,000 ceiling raises operating costs, especially for SMEs. The government insists the plan balances all views and will be reviewed regularly.

To see what you’d have to pay, visit MPF fund comparison.