The invention discloses a traditional Chinese medicine formula with effects of removing freckles and whitening and a preparation method thereof and belongs to the technical field of human health careproducts. The traditional Chinese medicine formula contains the following raw materials: 4-18 parts of ganoderma lucidum, 9-36 parts of tricholoma matsutake, 3-12 parts of ginseng, 1-4 parts of bearberry leaf extract, 3-12 parts of rhizoma polygonati, 3-12 parts of bighead atractylodes rhizome, 1-6 parts of bletilla striata, 3-12 parts of white paeony root, 3-12 parts of ampelopsis japonica, 3-12parts of silkworm larva, 4-12 parts of poria cocos, 1-6 parts of angelica sinensis, 3-9 parts of paeonia lactiflora, 3-12 parts of astragalus, 1-5 parts of almond, 2-10 parts of semen coicis, 1-5 parts of fructus kochiae, 1-5 parts of cortex dictamni, 1-5 parts of liquorice and 2-6 parts of mint. The whitening and freckle removing skin care product provided by the invention is mild and non-irritating, can be applicable to population with sensitive skin, is simple and convenient to use, natural and zero in side effect and has excellent application prospects.