Research Institute
Author: Master of Number Research
2021-05-06 18:29
Last update date: 2021-05-06 18:30
First look at the MPF investment return in 2020▼▼▼
Look at the monthly MPF return per capita▼▼▼
The new crown pneumonia epidemic has brought uncertainties to the global stock market, but the MPF does not seem to be greatly affected.
According to the latest data from Junlong Group, an MPF advisory company, the average earning per capita of MPF in April 2020 is 4,812 yuan, and 9319 yuan from the beginning of 2021 to the present.
As for which fund performs best, you know one by one in the following chart ▼▼▼
In addition, as of the end of December 2020, the total asset value of the MPF is about 1.140 billion yuan. After deducting fees and charges, it has recorded a net investment return of about 410 billion yuan. The annual net return in 2020 is 11.7%; and since the system was in 2000 The annualized return since implementation has been 4.8%, an increase of 0.7 percentage points from 2019 and also higher than the inflation rate of 1.8% over the same period.
The per capita accrued equity exceeds 240,000 yuan?
Workers have been providing MPF for decades. Can the MPF return really meet their retirement needs?
The Financial Services and the Treasury Bureau pointed out that as of November 30, 2020, about 4,459,000 people participated in the MPF scheme. The average accrued benefit amount was RMB 246,000. In terms of overall investment return, from the establishment in December 2000 to In November 2020, after deducting fees and expenses, the MPF returned 4.5% annually, higher than the 1.8% inflation rate over the same period.
Early withdrawal of MPF?
According to the MPFA, the accrued benefits can be withdrawn before the age of 65 if there are the following 5 situations, including:
1) Early retirement:
Must be at least 60 years old, have terminated all employment and self-employment, and make a statutory declaration that they do not intend to be re-employed or self-employed.
2) Leave Hong Kong permanently:
You must declare that you have or will leave Hong Kong to live in another place, and you do not intend to return to Hong Kong for work or resettlement as a permanent resident, and provide proof that the trustee is satisfied that you have been allowed to live in a place outside of Hong Kong.
3) Total incapacity:
If you are permanently unsuitable to perform a specific type of work that was the last job you had before you were completely incapacitated, you can withdraw your rights early.
A medical certificate issued by a registered doctor or registered Chinese medicine practitioner must be provided.
4) Suffering from terminal illness:
If you suffer from any disease that is likely to reduce your life expectancy to 12 months or less, you can withdraw your benefits early.
A medical certificate issued by a registered doctor or registered Chinese medicine practitioner must be provided.
5) Small balance:
You must have a balance of no more than $5,000 in one MPF scheme, and no balance in other MPF schemes, and the date of your application for withdrawal of MPF is at least 12 months away from the last contribution day.
You must also declare that you do not intend to be employed or self-employed in the future.
01Retirement Protection of the Mandatory Provident Fund, MPF Board, Financial Services and Treasury Bureau 01 VideoOTT01 Video OTT New Way of Life
