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Home / Products & Services / Retirement Investment Service / MPF / Retirement Planning

Retirement Planning Helps You Achieve Comprehensive Life Protection for the Future

Retirement Planning Based on Different Life Stages

18 to 30 years old
(Early adulthood stage)

Young people entering the workforce should take full advantage of time and the compounding effect to seek to achieve asset growth.

31 to 49 years old
(Mature stage)

The working population may go through various changes at adulthood and followed by increased family responsibilities and expenses. Thus, their investment goals and risk tolerance level may also change. Therefore, the working population should regularly review their retirement investment portfolios to ensure stability in long-term returns.

50 to 64 years old
(Middle age stage)

As retirement age approaches, the period for investment shortens and aging may also lead to higher medical expenses, resulting in a gradual decrease in risk tolerance level. During this period, one may consider reallocating certain portion of retirement investments to products with relatively lower-risk, to ensure the stability and safety of the retirement portfolio.

65 years old and after
(Retirement stage)

After retirement, the lack of regular income from work means there is a need to rely on savings and irregular income to pay for daily expenses. If there are market fluctuations or unexpected increases in personal expenses, it may lead to financial shortfalls. As the average life expectancy of Hong Kong people is increasing, retirement life may exceed 20 years and coupled with currency depreciation due to inflation, the purchasing power of retirees will be affected. Therefore, it is still necessary to consider maintaining appropriate investments after retirement.

Source: The Mandatory Provident Fund Schemes Authority

Total Retirement Solution for Post-Retirement

To facilitate the life planning of members approaching retirement, BOCI-Prudential Asset Management has established a special "Total Retirement Solution for Post-Retirement", with an aim to fulfill members' needs before and after retirement. Please refer to the "Total Retirement Solution for Post-Retirement" section of the Guide to the MPF Scheme for the relevant details.



Guide to the MPF Scheme

Total Retirement Solution for Post-Retirement - Providing a "Regular Withdrawal Option"1 for Eligible Retired Members2


How it may help members?

A regular withdrawal option through a standing instruction to the eMPF Platform3 will be available to Eligible Retired Members regardless of the constituent fund(s) they have invested. Through this option, Eligible Retired Members will be able to withdraw their accrued benefits through the standing instruction after retirement and receive a stable stream of payments.


How it works?

  • An Eligible Retired Member
    • ✓ may elect to withdraw the accrued benefits under the "regular withdrawal option" upon reaching retirement stage by providing the eMPF Platform a standing instruction
    ✓ may specify in the standing instruction a fixed sum to be withdrawn on a monthly basis
    • in multiples of HK$1,000
    • with a minimum amount of HK$2,000
  • Accrued benefits
    • ✓ Trustee will make monthly payments to such Eligible Retired Member from his accrued benefits based on the amount specified in his related standing instruction
    ✓ No withdrawal or handling fees will be levied

Total Retirement Solution for Post-Retirement - Investment Choice

The BOC-Prudential Hong Kong Stable Retirement Fund4

To address the demand for a lower investment risk from members approaching retirement and retired members, BOCI-Prudential Asset Management provides a corresponding constituent fund - BOC-Prudential Hong Kong Stable Retirement Fund (the "CF"). The CF will invest a relatively large portion5 of its assets in Hong Kong dollar denominated bonds or fixed income instruments to seek to lower the volatility of the portfolio; while a relatively small portion6 will be invested in global stock markets, seeking to enhance long term returns. Regarding the investment focus, risk level, and the management fees of the CF, please refer to the "Fund Choices" section of the Guide to the MPF Scheme or visit the webpage for Fund Price & Performance for the relevant details.


Fund Highlight

Address members' financial needs after retirement (decumulation phase)

Meet certain retiree members' desire to invest in home market

Accommodate the needs of certain members who prefer to receive a relatively stable stream of income upon their retirement and to seek to lower the volatility of the portfolio

Total Retirement Solution for Post-Retirement - Monthly Unit Rebate7

Who could enjoy monthly unit rebate?

An Eligible Retired Member, who satisfies BOTH of the following two conditions

Regularly Review the MPF Investment Portfolio

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You should review your MPF investment portfolio regularly to ensure that it meets your investment objectives, preferred asset allocation and risk tolerance level. If you find any mismatch, you should consider adjusting your investment portfolio.

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1 Please refer to section 6.11 "Regular withdrawal option upon reaching retirement stage" and section 6.13 "Payment of accrued benefits" of the MPF Scheme Brochure of the Scheme for details.

2 An Eligible Retired Member is a member who satisfies either of the two circumstances (as listed below) for withdrawal of accrued benefits under section 6.10 "Withdrawal of accrued benefits" of the MPF Scheme Brochure of the Scheme, and thus is eligible for the regular withdrawal option:
  • he attains the normal retirement age of 65; or
  • he attains the early retirement age of 60 and certifies to the Trustee by statutory declaration that he has permanently ceased his employment or self-employment with no intention of becoming employed or self-employed again.
3 The eMPF Platform is built and operated by the eMPF Platform Company Limited, a wholly owned subsidiary of the MPFA.

4 Please refer to section 3.4.1 "Investment policies of the Constituent Funds" of the MPF Scheme Brochure of the Scheme for further details of the CF's investment policies.
There is no assurance that the CF will meet your retirement needs. Under certain market circumstances, the CF may not be able to deliver stable return and the strategy to achieve lower level of volatility may not be effective. Investors should note that lower volatility does not necessarily mean lower risk. For risks associated with the CF, please refer to the "Risks" of BOC-Prudential Hong Kong Stable Retirement Fund under section 3.4.1 "Investment policies of the Constituent Funds" and section 4.1 "Risk Factors" of the MPF Scheme Brochure of the Scheme.

5 Through the CF's sole investment in an underlying sub-fund, namely, BOC-Prudential Hong Kong Stable Retirement Fund (the "Underlying Retirement Fund") of the Umbrella Unit Trust (namely, BOC-Prudential Unit Trust Fund, which is an umbrella unit trust).

6 Through the CF's investment in the Underlying Retirement Fund.

7 The unit rebate will be calculated and paid monthly from the Management fees, and will be credited into the members' account in the form of allotment of new units of the CF. Such allotment will be made after the number of units to be rebated is ascertained at the end of the relevant period. The Investment Manager reserves the right to change the applicable rate of the rebate by giving members not less than one month's notice (or such other notice period as required by the MPFA and the SFC). Please refer to section 5.4 "Unit rebate for investment in the BOC-Prudential Hong Kong Stable Retirement Fund upon reaching retirement stage" and section 6.11 "Regular withdrawal option upon reaching retirement stage" of the MPF Scheme Brochure of the Scheme for details. If no regular withdrawal option is elected by the Eligible Retired Member or no investment is made in the CF, no unit rebate will be paid to the member under section 5.4 of the MPF Scheme Brochure of the Scheme.

Investment involves risk. The CF may not be suitable for everyone. The above information is for reference only. You should not solely rely on the stand-alone information to make any investment decision. Please refer to the MPF Scheme Brochure of the Scheme for details (including risk factors, fees and charges, and fund information).

Please read carefully before proceeding

IMPORTANT INFORMATION
  • Investment involves risks. Prices of units of the Constituent Funds may go down as well as up. The past performance information is not indicative of future performance.
  • You should not solely rely on the information from this website to make any investment decision. Please refer to the MPF Scheme Brochure of the Scheme for further details (including risk factors, fees and charges, and fund information).
  • You should consider your own risk tolerance level and financial circumstances before making any investment choices. When, in your selection of Constituent Funds, you are in doubt as to whether a certain Constituent Fund is suitable for you (including whether it is consistent with your investment objectives), you should seek financial and/or professional advice and choose the Constituent Fund(s) most suitable for you taking into account your circumstances.
  • You should consider your own risk tolerance level and financial circumstances before investing in the MPF Default Investment Strategy (as defined in section 6.7 MPF Default Investment Strategy in the MPF Scheme Brochure of BOC-Prudential Easy-Choice Mandatory Provident Fund Scheme (the "Scheme")). You should note that the BOC-Prudential Core Accumulation Fund and the BOC-Prudential Age 65 Plus Fund may not be suitable for you, and there may be a risk mismatch between the BOC-Prudential Core Accumulation Fund and the BOC-Prudential Age 65 Plus Fund and your risk profile (the resulting portfolio risk may be greater than your risk preference). You should seek financial and/or professional advice if you are in doubt as to whether the MPF Default Investment Strategy is suitable for you, and make the investment decision most suitable for you taking into account your circumstances.
  • You should note that the implementation of the MPF Default Investment Strategy may have an impact on your MPF investments and accrued benefits. We recommend that you consult with the Trustee if you have doubts on how you are being affected.
  • Fees and charges of a MPF conservative fund can be deducted from either (i) the assets of the fund or (ii) members' account by way of unit deduction. The BOC-Prudential MPF Conservative Fund uses method (i) and, therefore, unit prices/NAV/fund performance quoted have incorporated the impact of fees and charges.

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14. You agree that to the extent allowed by law, any and all personal information collected from you by BOCI-Prudential from time to time can be used and disclosed in accordance with the Privacy Policy published by BOCI-Prudential in the Website (as maybe amended from time to time) and applicable laws and regulations. You acknowledge that BOCI-Prudential or its affiliated company owns the trademarks, logos and service marks displayed on the Website and you may not use the same without prior written consent from BOCI-Prudential.

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20. Investments involve risks. Past performance is not indicative of future performance. The price of a fund may go down as well as up. Please refer to the offering document of the relevant fund for further details of such fund before investing. Investors should seek professional advice before making any investment decision.
21. Investors should make his own appraisal of the suitability and risks of such an investment and should consult their own legal, financial, tax, accounting and other professional advisors prior to making any subscription or acquisition of units of the funds.
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