Skip to content
CalcularYa
CalcularYa
Ingresar

Data from official sources · Made in Argentina

Employer cost calculator Hong Kong

Hiring in Hong Kong costs more than the salary. The employer pays its own MPF contribution and usually insurance and other benefits.

Enter the monthly salary and how many months of pay the contract gives to see the yearly cost.

13 if the contract gives a double pay.

How it's calculated

  1. Salary for the year is the monthly salary times the months of pay, including any double pay.
  2. The employer's MPF is 5% of relevant income each month, worked out on at most HK$30,000. It is paid even when the employee earns less than HK$7,100.
  3. Add any other yearly costs you pay, such as insurance or benefits.

An example

A $25,000 salary with double pay costs $325,000 in salary plus $15,250 of employer MPF, so $340,250 a year.

Frequently asked questions

How much MPF does an employer pay?

5% of the employee's relevant income each month, up to a maximum of 5% of HK$30,000.

Does the employer pay MPF on a low salary?

Yes. Below HK$7,100 a month the employee is exempt, but the employer still contributes.

Is double pay part of the MPF calculation?

Yes. Double pay is relevant income, so it is added to the pay of the month it's paid, within the monthly cap.

Key terms

Double pay
A 13th month of salary that some employment contracts provide.
Employer's mandatory contribution
The MPF contribution the employer pays from its own money.

The same calculation in other countries

Up-to-date official data

Data checked against the official source on .

We check the official sources automatically, every day.

See all sources
Embed on your site