Voluntary MPF contributions reach record high in Q2

Monday, September 27, 2021

The amount of voluntary contributions in the Mandatory Provident Fund Schemes in the second quarter hit a single-season high of HK$3.8 billion, Mandatory Provident Fund Schemes Authority chairman Ayesha Macpherson Lau said. 

The total amount of voluntary contributions has increased five times from HK$2.3 billion in 2004 to HK$14.1 billion in 2020, she wrote in her blog. 

In 2020, almost 20,000 employers made voluntary contributions for more than 390,000 employees for an aggregate amount of HK$12.5 billion, increased by 11 percent year-on-year.