Get clued up on your MPF — free MPFA booklet shows you how

Ah Chik’s company has hired a new cleaning contractor, and Lin Sister handles daily office cleaning. She tells Ah Chik the minimum wage has boosted her monthly pay from under HK$5,000 to nearly HK$7,000. Ah Chik congratulates her — and reminds her she must now contribute to the MPF: her employer will deduct 5% of her wages for the designated trustee, alongside the employer portion, into her MPF account.

Why should workers care about their MPF?

Whether or not you contribute yourself, it’s your retirement money. Lin Sister admits she never bothered with her MPF account before, but now she’s contributing she wants to know more. Ah Chik says every worker should care about their MPF regardless, since it’s part of retirement protection.

Where is the MPF “bible”?

The MPFA’s free “Take charge of your MPF information” booklet. Ah Chik gives Lin Sister the MPFA’s new booklet; its front “MPF information Q&A” lists common member questions and answers — what documents to read when first joining, how to check account and fund details, how to handle accounts when changing jobs or retiring and withdrawing. It also explains documents trustees and employers must provide by law: offering documents, fee tables, fund fact sheets and annual benefit statements — what information comes from which document, and when.

Where can you get it?

Free at MPFA offices, district advisory centres, Labour Department offices and the Consumer Council. It’s available free at all MPFA offices, Home Affairs Department public enquiry centres, Labour Department district offices and Consumer Council advisory centres — or downloadable from the MPFA website.

To see fund fact sheets and fee tables, visit MPF fund comparison.