100+ Free CFP Hong Kong Practice Questions
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Key Facts: CFP Hong Kong Exam
3 papers
Foundation + 2 Advanced
IFPHK CFP Examination Requirements
100% MCQ
Multiple-Choice Format
IFPHK Examination Handbook
2x / year
June and December
IFPHK
5% + 5%
MPF Contribution Split
MPFA
2%-17%
HK Salaries Tax Bands
GovHK
No estate duty
Abolished 2006
Inland Revenue Department
The IFPHK CFP Certification Examination uses three multiple-choice papers: Foundation Level, Advanced Level Paper 1, and Advanced Level Paper 2 (the integrative capstone). It tests seven subject areas: foundations of financial planning, investment planning, insurance and risk management, Hong Kong tax planning, employee benefits and retirement (MPF), estate planning, and integrated financial planning. Each paper is graded PASS or FAIL; IFPHK does not publish a fixed raw passing percentage. Exams are held twice a year (June and December) in English or Traditional Chinese. Hong Kong specifics include MPF 5%+5% contributions (HK$7,100 minimum and HK$30,000 maximum relevant income, HK$1,500 cap), salaries tax of 2% to 17%, and no estate duty since 2006.
Sample CFP Hong Kong Practice Questions
Try these sample questions to test your CFP Hong Kong exam readiness. Each question includes a detailed explanation. Start the interactive quiz above for the full 100+ question experience with AI tutoring.
1Under the IFPHK CFP certification process, in what order must a candidate normally sit the three examination papers?
2What is the question format used across all three IFPHK CFP certification examination papers?
3The IFPHK CFP examinations are typically offered how often each year?
4In which languages may a candidate sit the IFPHK CFP certification examinations?
5Advanced Level Paper 2 in the IFPHK CFP examination primarily tests a candidate's ability to do what?
6Which of the following is one of the seven financial planning subject areas covered by the IFPHK CFP curriculum?
7The first step of the financial planning process taught in the IFPHK CFP curriculum is best described as:
8A CFP professional places the client's interests ahead of their own when giving financial advice. This duty is best described as:
9When gathering client data, which of the following is an example of qualitative (rather than quantitative) information?
10A client has monthly income of HK$50,000 and fixed monthly debt repayments of HK$20,000. What is the client's debt-service ratio?
About the CFP Hong Kong Exam
The CFP Certification Examination administered by IFPHK in Hong Kong has two levels and three papers (Foundation Level, Advanced Level Paper 1, and Advanced Level Paper 2), all multiple-choice, graded pass/fail, and offered twice yearly in June and December in English or Traditional Chinese.
Assessment
Question count not published by the exam provider
Time Limit
Set per paper by IFPHK; confirm in the current Examination Handbook
Passing Score
Graded PASS or FAIL; IFPHK sets the standard and does not publish a fixed public raw percentage
Exam Fee
Set per paper by IFPHK; confirm the current Foundation, Advanced Paper 1, and Advanced Paper 2 fees at enrolment (Institute of Financial Planners of Hong Kong (IFPHK))
CFP Hong Kong Exam Content Outline
Foundations of Financial Planning
Financial planning process, client engagement, ethics and the client-first standard, time value of money, financial ratios, cash-flow and net-worth analysis, and the Hong Kong regulatory framework (SFC, IA, MPFA, IRD).
Investment Planning and Asset Management
Risk and return, diversification, CAPM, asset allocation, bonds and duration, equities, collective investment schemes, REITs, behavioural finance, currency risk under the Linked Exchange Rate System, and SFC-authorised products.
Insurance Planning and Risk Management
Risk-management techniques, insurable interest, indemnity and utmost good faith, term and whole life, critical illness, medical and VHIS, annuities, ILAS, needs analysis, and Insurance Authority regulation.
Tax Planning (Hong Kong)
Salaries tax progressive rates 2% to 17% and standard rate, territorial source principle, profits tax two-tiered 8.25%/16.5%, property tax, stamp duty, deductions, allowances, personal assessment, and avoidance versus evasion.
Employee Benefits and Retirement (MPF)
MPF mandatory 5%+5% contributions, minimum HK$7,100 and maximum HK$30,000 relevant income, HK$1,500 cap, Default Investment Strategy, TVC and the HK$60,000 deduction cap, withdrawal grounds, transfers, and self-employed rules.
Estate Planning
Abolition of estate duty (2006), wills and intestacy, joint tenancy and tenancy in common, trusts, enduring power of attorney, beneficiary nomination, probate, minor beneficiaries, and cross-border estate exposure.
Integrated Financial Planning
Combining all subject areas into comprehensive plans: coordinating protection, tax, retirement, and estate decisions, case analysis, conflict-of-interest disclosure, plan presentation, implementation, and ongoing monitoring.
How to Pass the CFP Hong Kong Exam
What You Need to Know
- Passing score: Graded PASS or FAIL; IFPHK sets the standard and does not publish a fixed public raw percentage
- Assessment: Question count not published by the exam provider
- Time limit: Set per paper by IFPHK; confirm in the current Examination Handbook
- Exam fee: Set per paper by IFPHK; confirm the current Foundation, Advanced Paper 1, and Advanced Paper 2 fees at enrolment
Keys to Passing
- Work through all 100 available questions
- Review every answer and explanation
- Track weak areas and revisit them
- Use our AI tutor for tough concepts
CFP Hong Kong Study Tips from Top Performers
Frequently Asked Questions
How many papers are in the IFPHK CFP certification examination?
The CFP Certification Examination administered by IFPHK has two levels and three papers: the Foundation Level examination, Advanced Level Paper 1, and Advanced Level Paper 2. All three are multiple-choice papers, and Paper 2 is the integrative capstone.
What format are the IFPHK CFP exams?
All three CFP papers use multiple-choice questions with equal marks per question, graded pass or fail. The exams are offered in English or Traditional Chinese.
How often is the CFP exam held in Hong Kong?
IFPHK holds each CFP examination paper twice a year, usually in June and December. Candidates progress through the Foundation Level before sitting the Advanced Level papers.
What is the CFP Hong Kong passing score?
Each paper is graded PASS or FAIL. IFPHK sets the passing standard for each paper and does not publish a fixed public raw passing percentage, so candidates should aim for consistent mastery across all subject areas.
What subjects does the IFPHK CFP exam cover?
The CFP syllabus covers seven subject areas: foundations of financial planning, investment planning and asset management, insurance planning and risk management, Hong Kong tax planning, employee benefits and retirement (MPF), estate planning, and integrated financial planning.
How much do MPF mandatory contributions cost?
Under the MPF System, employer and employee each contribute 5% of the employee's relevant income, with a minimum relevant income of HK$7,100 and a maximum of HK$30,000 per month, capping each side's mandatory contribution at HK$1,500 monthly.
Does Hong Kong charge tax on capital gains or estates?
No. Hong Kong has no capital gains tax and abolished estate duty in February 2006. Salaries tax is charged at progressive rates from 2% to 17%, or a standard rate, on Hong Kong-sourced income under the territorial principle.
What are the IFPHK CFP exam pass rates?
Since 2021, IFPHK pass rates have averaged roughly 69% for the Foundation Level, 53% for Advanced Level Paper 1, and 46% for Advanced Level Paper 2, with the integrative Paper 2 being the most demanding.