|
All calculations in this programme are based on the following assumption:
- Employer and employee each contribute 5% of staff's income;
- Amount of mandatory contributions are subject to the minimum and maximum levels of income which are $6,500 and $20,000* per month;
- Voluntary contribution is not included;
- 13th month pay, bonus or other allowances are not included;
- The effects of salary increase and inflation are ignored; and
- Fees and charges have not been deducted
| Note: |
The above calculator is based on certain assumptions including hypothetical data input by the user. It does not take into account individual needs or circumstances. The results generated by the Calculator are for reference only and are not intended as a substitute for professional investment advice. The MPFA shall not be liable for any errors or omissions in or any reliance placed upon the results |
* The Legislative Council has passed the amendment of the maximum level of relevant income for MPF mandatory contributions, effective 1 June 2012. For monthly-paid regular employees, the maximum level of relevant income has been amended from $20,000 to $25,000 monthly. The maximum contributions will be adjusted from $1,000 to $1,250 monthly accordingly.
|
