Statutory Retirement Age in Hong Kong
There is no mandatory retirement age in Hong Kong however common practice is 65 years for both men and women. This age applies to most sectors, including both public and private sectors. Employees can choose to continue working beyond the retirement age, but they must notify their employer if they wish to do so.
Mandatory Provident Fund (MPF) Scheme
Mandatory Provident Fund (MPF)
- From 1 December 2000, Mandatory Provident Plan (MPF) was established for companies to provide mandatory pension to employees including self-employed.
- There are 12 MPF trustees offering 24 MPF schemes in Hong Kong.
- Every employer is required to enroll a full or part-time employee from age 18 – 65 within the first 60 days of employment.
- For newly setup MPF scheme, 1 month of processing time will be required.
Mandatory Contribution:
- Employer and Employee each contribute 5% of employees’ relevant income:
| Monthly Relevant Income* | Mandatory Contributions – Employer Portion | Mandatory Contributions – Employee Portion |
|---|---|---|
| Less than HK$7,100 | Relevant income x 5% | No contribution required |
| HK$7,100 to HK$30,000 | Relevant income x 5% | Relevant income x 5% |
| More than HK$30,000 | HK$1,500 | HK%1,500 |
* Note – Relevant income includes all monetary payment including wages, salary, leave pay, fees, commissions, bonuses, gratuities, allowances, but excluding severance payments or long service.
- eMPF platform:
- Platform that simplifies the paper based and complicated MPF related administration process.
- Allows employer to handle different MPF scheme on a single platform, including employee management, making contributions, scheme management, etc.
- Most of the trustee has been on board in 2025, the remaining MPF schemes will join the Platform one by one as per below timeline. All MPF schemes are expected to complete onboarding the Platform by January 2026.
- A communication pack with a “Notice to participating Employers and Scheme Members of the scheme” will be sent by the trustee to the scheme participating employers before onboarding of the MPF platform. All the important information will be provided in the communication pack.
- Note: ORSO scheme administration will not be supported by eMPF platform.
- Latest Schedule for MPF Trustee and Scheme Onboarding the eMPF Platform:
| MPF Trustee / Scheme | Mandatory Contributions – Employer Portion |
|---|---|
| Sun Life Trustee Company Limited Sun Life Rainbow MPF Scheme | 3 October 2025 |
| Manulife Provident Funds Trust Company Limited Manulife Global Select (MPF) Scheme | 6 November 2025 |
| Fidelity Retirement Master Trust Haitong MPF Retirement Fund | 30 December 2025 |
| HSBC Provident Fund Trustee (Hong Kong) Limited Hang Seng Mandatory Provident Fund – SuperTrust Plus HSBC Mandatory Provident Fund – SuperTrust Plus | 29 January 2026 |
Abolition of MPF Offsetting
This abolishment came into force on 1 May 2025.
Additional Retirement Benefits
In addition to the MPF scheme, some employers offer supplementary retirement benefits, such as:
- Occupational Retirement Schemes Ordinance (ORSO) Schemes: Voluntary retirement schemes that provide additional retirement benefits.
- Company-Specific Retirement Plans: Custom retirement plans that offer enhanced benefits beyond the statutory requirements.
Best Practices for Retirement Planning
Effective retirement planning is essential for ensuring financial security in retirement. Best practices for retirement planning include:
- Regular Contributions: Make regular contributions to the MPF and any supplementary retirement plans to maximize retirement savings.
- Investment Diversification: Diversify investments within the MPF to manage risk and optimize returns.
- Financial Planning: Consult with financial advisors to develop a comprehensive retirement plan that includes savings, investments, and insurance.
Employer Responsibilities
Employers play a crucial role in supporting employees’ retirement planning. Responsibilities include:
- Enrolling Employees: Ensure all eligible employees are enrolled in the MPF scheme within 60 days of employment.
- Providing Information: Educate employees about the MPF scheme and other retirement benefits.
- Facilitating Transfers: Assist employees in transferring their MPF accrued benefits when they change jobs.
Importance of Retirement Planning
Retirement planning is important for several reasons:
- Financial Security: Ensures a stable income during retirement, allowing retirees to maintain their standard of living.
- Healthcare Needs: Provides funds to cover medical expenses and healthcare services in retirement.
- Quality of Life: Supports a comfortable and fulfilling lifestyle in retirement, enabling retirees to enjoy their post-work years.
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Understanding the retirement age and pension system in Hong Kong is essential for employees and employers alike. By prioritizing retirement planning and providing robust retirement benefits, employers can support their workforce’s long-term financial security and well-being.
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Please note that all the information listed below are to be used as a general guideline. For more detailed accounts of Hong Kong employment laws and regulations, please visit the official governmental websites.
Updated on: September 2025
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