HK MPF Voluntary Contributions Planner 2026: TVC Tax Savings + Retirement Projection

Most Hong Kong employees only know the mandatory 5% MPF contribution. But two voluntary contribution types can dramatically boost your retirement savings — and one gives you immediate tax savings under IRD rules.

Three Types of MPF Contributions

Mandatory Contributions (MC)

  • Employee: 5% of relevant income
  • Employer: 5% of relevant income
  • Min relevant income: HK$7,100/month (exempt below)
  • Max relevant income: HK$30,000/month (cap at HK$1,500/month each)

Tax-Deductible Voluntary Contributions (TVC)

  • Contribute to a separate TVC account (opened at your MPF provider)
  • Deductible up to HK$60,000/year from taxable income
  • Locked until age 65 — can't withdraw early
  • Tax saving = min(annual TVC, $60,000) × your marginal salaries tax rate
  • At 17% top rate: HK$60,000 TVC → HK$10,200 tax saved

Special Voluntary Contributions (SVC)

  • Flexible top-ups via employer or employee
  • No tax deduction, but more flexible withdrawal rules

Calculate Your Optimal TVC

Our MPF Voluntary Contributions Planner shows:

  • Monthly mandatory + annual TVC/SVC breakdown
  • Exact IRD tax saving from TVC at your salary tax rate
  • Projection to age 65 with compound growth
  • Effective total contribution rate

Sources: mpfa.org.hk/voluntary-contributions, empf.org.hk, IRD salaries tax rates 2026/27.

Free, private — all calculations run in your browser.

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Originally published at https://tool.teamzlab.com?utm_source=blogger&utm_medium=article&utm_campaign=2026-05-mpf-2026-prescribed-savings-rate-calculator

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