Where your tax goes

Pensions

This head (Head 120) has a 2026-27 estimate of HK$53.9 billion p.3. That is HK$1.9 billion (3.7%) more than the 2025-26 revised estimate of HK$52.0 billion p.3 (our calculation).

A household on the median income pays about HK$1,120 in salaries tax for 2026/27; about HK$72 of that would go to this department. A household on the median income earns HK$30,000 a month p.17. If one married person earns all of it, salaries tax under the 2026/27 rules is about HK$1,120 (our calculation, after MPF and the married person's allowance p.107, at progressive rates p.1). (our calculation: HK$1,120 × this head's estimate p.3 ÷ total government expenditure of HK$843.4 billion p.12. Tax is not earmarked; this splits it in proportion.)

Spending by year

Year HK$ million Source
2024-25 Actual 49,962.0 p.3
2025-26 Original estimate 51,999.4 p.3
2025-26 Revised estimate 51,977.3 p.3
2026-27 Estimate 53,904.5 p.3

A revised estimate is the Government's latest view of the current year's spending. Year-on-year changes compare the 2026-27 estimate with the 2025-26 revised estimate.

Which policy areas does it serve?

  • Social Welfare (part of the Social Welfare group)
  • Central Management of the Civil Service (part of the Support group)

A department may work in a policy area only in part. We never add department spending into group totals: the Government publishes totals by group only. Index of Policy Areas (PDF)

Read the official document

Estimates, Head 120: Pensions (PDF). It has the Controlling Officer's Report, each programme's aims and spending by subhead.

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