Due to low birth rates and comprehensive medical care services, Hong Kong life expectancies is increased, thus Hong Kong is facing the challenge of a rapidly ageing population. As the population collectively grows older, the working population will have a much larger number of retirees to support. The application of MPF is helping all working levels to prepare for their retirement. With the reasonable growth, 5% of monthly income and the employer’s contribution would generate a principal to support the retirement.
| Monthly relevant income | Employer's contributions | Employee's contributions |
|---|---|---|
| Less than HK$7,100 | Relevant income x 5% | Not Required |
| HK$7,100 - HK$30,000 | Relevant income x 5% | Relevant income x 5% |
| More than HK$30,000 | HK$1,500 | HK$1,500 |