MPF in a Nutshell: How the System Works

What exactly is MPF?

The Mandatory Provident Fund has run since 2000: employers and employees each pay 5%, the self-employed too; monthly contributions go into chosen funds, locked until 65 or qualifying events. Not knowing is fine — not caring isn’t.

What’s a beginner’s first step?

Check what your account holds, then its fees and returns. Ten minutes comparing your plan’s funds already beats the 90% who ignore their accounts.