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Understanding MPF

What the Mandatory Provident Fund is

What MPF is

The Mandatory Provident Fund (MPF) was introduced by the Government of the Hong Kong Special Administrative Region (HKSAR) and launched in December 2000. It was provided to assist in the provision of retirement benefits for the workforce.

MPF is an employment-based retirement protection system. Apart from those who are exempt, employees (regular and casual) and the self-employed who are aged 18 and under 65 are required to join an MPF scheme.

Getting started

When do I need to choose an MPF scheme?

An employer must select a scheme and enrol employees on to that scheme. If you're self-employed, you can select your own MPF service provider.

If you're an employee you must choose a scheme when:

  • Your employer is enrolled in 2 or more MPF schemes
  • You want to make additional voluntary contributions and / or tax deductible voluntary contributions
  • You cease to be employed and want another trustee to look after your accrued benefits accumulated from previous employment
  • You want to exercise the right to transfer under the Employee Choice Arrangement

Learn more about what you should consider when it comes to selecting an MPF service provider.

What to consider when choosing an MPF service provider

Quality of MPF service provider

You should assess an MPF service provider's financial strength, commitment, experience, flexibility and customer service.

Range and suitability of funds

It’s important to consider how funds suit where you are in life, rather than focussing on the type of choices on offer.

Your future investment strategy

You’ll need to decide if you want to put all your investments into an MPF scheme. If you want to diversify then you could also think about investing in stocks and bonds, or in different markets.

Your preferred MPF asset allocation

Depending on your investment objective and risk tolerance, you could go for more conservative assets or funds that can build a more aggressive portfolio.

When you want to retire

Work out what your retirement benefits will be based on your current income and MPF contributions using our Retirement Planner. We've also identified 4 different Hong Kong retirement lifestyles.

Management fees

Find out how you can preserve your retirement nest egg.


MPF is an employment-based retirement protection system. Employees and those self-employed aged between 18 and 65 must join MPF schemes, unless they are exempt. Find out more about the roles of employers, employees, the self-employed, personal account holders and tax deductible voluntary contributions account holders who participate in MPF.

  • Mandatory contributions and tax deductible voluntary contributions are tax deductible, subject to conditions prescribed by the Inland Revenue Department, the Government of the Hong Kong Special Administrative Region.


  • The information contained here is for reference only and will be updated without notice. The provisions of the Mandatory Provident Fund Schemes Ordinance, other applicable legislation/regulations and guidelines or announcements published by the Mandatory Provident Fund Schemes Authority shall prevail for any information on MPF system. If you're in doubt about the meaning or the effect of the contents of this website, you should seek independent professional advice.
  • Investments involve risks. Past performance is not indicative of future performance. The value of financial instruments, in particular stocks and shares, and any income from such financial instruments, may go down as well as up. For further details including the product features and risks involved, please refer to the MPF Scheme Brochure.