Configure Inputs

HK$500.00K
HK$
HK$150.00KHK$2.00M

Allowance: Single (HK$132k), Married (HK$264k)

Includes MPF (5%) deduction, Basic Allowance, and compares Progressive vs. Standard Tax Rates. Applies estimated HK$6,000 tax reduction.

Monthly Net Pay

HK$37,208.00

Annual Net: HK$446,500.00

Salaries Tax

HK$35.50K

MPF Contribution

HK$18.00K

Annual Net Pay

HK$446.50K

Break-up of Maturity Value

Invested Amount
Est. Returns
Total AllowanceHK$132,000.00
Net Chargeable IncomeHK$350,000.00
Salaries Tax (Lower of Std ÷ Prog)-HK$35,500.00
MPF Contribution-HK$18,000.00
Annual Net IncomeHK$446,500.00

Net Income Breakdown

Principal
Interest
Fees & Charges
Take-Home vs Tax vs MPF

Deep Dive & FAQ

HK's Low-Tax Advantage

Hong Kong is known for its simple and low tax system. Tax is charged on your "Net Chargeable Income" using either progressive rates or a flat standard rate, whichever is lower.

Highlights:

  • MPF: Mandatory Provident Fund contributions (usually 5% capped at HK$1,500/month).
  • Allowances: Generous basic allowances for individuals and married couples significantly reduce the tax burden.
  • Tax Reductions: The government often provides one-off tax reductions in the annual budget.