Looking for What is MPF contribution? then, Mandatory contributions made for an employee are fully and immediately vested in the employee once they are paid into his/her MPF account. Any investment return derived from the mandatory contributions is also fully and immediately vested in that employee.
Employees
An employee can claim tax deduction for the employee’s mandatory contributions made to an MPF scheme, subject to the maximum amount as follows: $18,000 for the year of assessment 2015-16 and each subsequent year of assessment.
Voluntary contributions made by employees are not tax-deductible, except for tax-deductible voluntary contributions.
Employers
An employer can claim tax deduction for the mandatory and voluntary contributions made for an employee, to the extent that it does not exceed 15% of the employee’s total emoluments.
Self-employed persons (SEPs)
An SEP can claim mandatory contributions which the SEP has made for himself/herself to an MPF scheme as allowable business expenses for Hong Kong profits tax purposes. The maximum amount that can be claimed for deduction is as follows: $18,000 for the year of assessment 2015-16 and each subsequent year of assessment.
Voluntary contributions made by SEPs are not tax-deductible, except for tax-deductible voluntary contributions.