MPF thresholds rise: contributions may grow HK$2 billion a year — but voluntary top-ups could shrink

With MPF’s lower relevant-income level set to rise to HK$6,500 and the ceiling to HK$25,000, total contributions could grow by about HK$2 billion a year, with the MPF contribution rate unchanged at 5% each. The industry, though, is cautious — the gain may not be as big as it looks.

What’s the industry view?

Mandatory up, voluntary down. Some practitioners note that newly covered low earners will have less disposable income and may cut voluntary contributions to offset the mandatory bite. Trustees also worry employers will pass higher costs on, squeezing SMEs further. The HK$2 billion figure is a paper estimate — the real effect depends on the economy and the job market.

The government stresses the adjustment follows the statutory mechanism to keep MPF protection current. To see what you’d have to pay, visit MPF fund comparison.