The Mandatory Provident Fund (MPF) helps secure your retirement through a compulsory savings scheme in Hong Kong. Employees working full-time or part-time for 60 days or more, as well as self-employed individuals, must join the MPF. Both employers and employees contribute 5% of relevant income, subject to minimum and maximum thresholds. Your contributions and any investment returns belong to you as soon as they are paid into your account.
Regulated by the Hong Kong Monetary Authority, the MPF system ensures compliance with financial standards. To further support your retirement planning, some employers also offer voluntary Occupational Retirement Schemes Ordinance (ORSO) plans, enhancing the financial security of Hong Kong's workforce.