The Mandatory Provident Fund (“MPF”) system was introduced by the government of the Hong Kong in December 2000 to aid the public with a provision of a retirement reserve. The MPF is regulated and monitored by the Mandatory Provident Fund Schemes Authority (“MPFA”). It is one of the pillars for old age protection in Hong Kong, complementing a social safety net, private savings, and insurance. It provides retirees with a retirement reserve to cover their basic financial needs.


Except those exempted, all employees and self-employed persons aged 18 to age 65, and are residents and working in Hong Kong, are required to participate in the MPF scheme. This includes the following:

  • Employees who have worked for 60 days or more (full-time or part-time)
  • Self-employed persons who earn an income from the production or trade of goods or services
  • Casual employees who work in the catering or construction industries (incl. those who worked fewer than 60 days)


The employer is required to enroll the employee in a MPF scheme, and the employee and employer will both make mandatory contributions based on his or her relevant income.


Benefits / Highlights
  • Compulsory in Hong Kong, except for exempt workers
  • Safety net for retirement
  • Equal contributions from your employer
  • Flexible withdrawals or continued investments past age 65
Uses for MPF

According to Hong Kong law, all employees must be participating in an MPF scheme except for select exempt workers. In these times of long and more fruitful lives with increasing inflation, reaching your retirement goals has become more challenging than ever before.


MPF allows individuals to select from a wide range of constituent funds for their investment portfolio that can be tailored to their individual needs and risk appetites. Individuals can select from a comprehensive MPF platform offering various constituent funds, ranging from equity funds, bond funds, mixed assets funds, guaranteed funds, ESG funds, to money market funds. In addition, there is the Default Investment Strategy (“DIS”) which is also one of the available investment choices as required by the government.


Setting up and and investing in your MPF may help you achieve long-term financial security and help you to enjoy a care-free lifestyle after retirement!


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