MPF consolidation takes centre stage as job market heats up - Understand the need to manage your MPF assets and earn a bonus offer of up to HK$18,888

For many employees — especially those who are new to Hong Kong or who are here on an expatriate assignment — the MPF scheme may not be top of mind. However, with employers and employees each required to contribute 5% of the employee's salary up to a combined maximum of HK$3,000 a month, it may constitute a large part of your retirement savings as time goes by. It is essential for the foreign and local workforce alike to understand the benefits of the MPF scheme to truly reap the harvest from their contributions as they retire or leave the city for good.

MPF investments saw remarkable growth in 2024, with average net returns reaching 8.6% across the market1. Equity funds and mixed-asset funds recorded average annual net returns of 15.3% and 7.3%, respectively1. 

Despite these encouraging numbers, there is one thing that might be hindering employees from reaping maximum returns: fragmented MPF assets. After working for years, most of us are likely to have more than one MPF account. In fact, latest figures show the number of personal accounts in Hong Kong has risen to 6.67 million2, meaning the average person maintains more than two personal accounts. Accumulating multiple MPF accounts adds complexity to financial management and makes it increasingly challenging to track accrued benefits and investment portfolios. Professional guidance is available to help with consolidation and staying up to date with market trends.

AIA MPF has recently introduced a special MPF consolidation offer for employees. From now until 15 July 2025, newly transferred-in MPF assets from a third-party trustee can enjoy a one-off bonus of up to HK$18,888. Refer to details in Image 2 above.

Terms and conditions apply. To find out more, visit AIA MPF Personal Account | Outstanding MPF services | AIA Hong Kong

1 Source: MPFA blog - MPF achieved favourable performance in 2024 - MPFA

2 Source: Mandatory Provident Fund Schemes Statistical Digest Quarterly Report December 2024