Pensions

The 2026-27 estimate for this head (Head 120) is HK$53.9 billion p.3 (official document, opens in new tab). That is HK$1.9 billion (3.7%) more than the 2025-26 revised estimate of HK$52.0 billion p.3 (official document, opens in new tab) (our calculation).

1. 2026-27 Estimate HK$53.9bn
2. 2025-26 Revised estimate HK$52.0bn
3. 2024-25 Actual HK$50.0bn

Of HK$1,120 in tax, about HK$72 corresponds to this department's spending. p.3 (official document, opens in new tab) p.12 (official document, opens in new tab)

This is a split by budget share. Taxes are not set aside for particular uses. How we split it

Staff and policy areas

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 Estimates for Head 120 (PDF) · All departments