MPF System

Voluntary Contributions / Tax Deductible Voluntary Contributions (TVC)

Employees, self-employed persons and employers may choose to make voluntary contributions on top of their mandatory contributions.

Employees

Employees can make voluntary contributions to their contribution accounts through their employers. Contributions are subject to the governing rules of their MPF schemes. Generally, employees can withdraw or transfer their MPF only upon cessation of employment.

Self-employed Persons

Self-employed persons (SEPs) are free to make voluntary contributions to their SEP accounts.

Employers

Employers can enhance their employees’ retirement protection by making additional contributions on top of the 5% mandatory contributions.

Voluntary contribution arrangements

Unlike mandatory contributions, voluntary contribution arrangements are set out in the governing rules of the MPF scheme rather than the MPF legislation. Such arrangements include:

minimum contribution amount
vesting scale
transfer
withdrawal conditions

For details, please contact your trustees*.

* MPF trustees and their schemes will get onboard the eMPF Platform in sequence one by one. When the scheme has got onboard to the Platform, eMPF Company will utilize the eMPF Platform to perform the administration of the scheme, provide scheme administration services to employer, scheme member and self-employed person and handle the service instructions. From then on, employer, scheme member and self-employed person can manage your MPF on the eMPF Platform and should no longer submit service instructions to MPF trustee; the eMPF Platform will provide the relevant information and/or documents to you directly. Please visit eMPF Website (www.empf.org.hk) for the onboarding timeline of MPF scheme(s) and the relevant information.

Maximum tax deductible limit under profits tax

Both mandatory and voluntary contributions made by employers are tax deductible under profits tax, with a maximum amount not exceeding 15% of the employees’ total annual emoluments.

Special voluntary contributions:

Special voluntary contributions (SVC) are unrelated to employment. They are additional contributions made directly by scheme members to the trustee* of an MPF scheme without involving their employers.

* MPF trustees and their schemes will get onboard the eMPF Platform in sequence one by one. When the scheme has got onboard to the Platform, eMPF Company will utilize the eMPF Platform to perform the administration of the scheme, provide scheme administration services to employer, scheme member and self-employed person and handle the service instructions. From then on, employer, scheme member and self-employed person can manage your MPF on the eMPF Platform and should no longer submit service instructions to MPF trustee; the eMPF Platform will provide the relevant information and/or documents to you directly. Please visit eMPF Website (www.empf.org.hk) for the onboarding timeline of MPF scheme(s) and the relevant information.