What’s Good About Fidelity’s Special Voluntary Contributions?

What did Fidelity offer in May 2011?

Fidelity’s “Special Voluntary Contribution” account: a personal-name account to flexibly tune retirement strategy for a comfortable retirement. Key perks: set your own contribution anytime, no employer needed; from HK$500 monthly or HK$1,000 lump sums; up to 4 free withdrawals a year on your schedule; no application, contribution or subscription fees; competitive management fees; account access via web or hotline anytime.

Why do voluntary contributions pay?

Part of the MPF scheme, but contributions and returns aren’t mandatory — withdrawable anytime without employer or ordinance restrictions; no subscription fees on contributions, no switching fees — regular investing is a bargain.

What can workers do now?

To top up retirement savings, compare providers’ voluntary-contribution fees and performance at MPF fund comparison.