One of the two constituent funds used in the Default Investment Strategy. It is a globally diversified mixed asset fund which invests around 20% of its net asset value in higher risk assets (such as global equities) and the rest in lower risk assets (such as global bonds).

• For non-casual employees - the 10th day of the calendar month following the end of the relevant contribution period.
• For casual employees - one of the following days as agreed by the participating employer:
• the next working day (other than a Saturday) immediately subsequent to the payment of relevant income for the relevant contribution period; or
• the 10th calendar day following the last day of the relevant contribution period.
• For self-employed persons - the last day of the contribution period.

One of the two constituent funds used in the Default Investment Strategy. It is a globally diversified mixed asset fund which invests around 60% of its net asset value in higher risk assets (such as global equities) and the rest in lower risk assets (such as global bonds).

A ready-made, fee-controlled investment solution, designed mainly for MPF scheme members who do not have time or do not know how to manage their MPF investments. DIS is a strategy that uses two constituent funds, i.e. the Core Accumulation Fund and the Age 65 Plus Fund, and automatically reduces risk exposure as a member approaches retirement age. DIS is also available as an active choice for scheme members who find it suitable for their own circumstances.

• Domestic workers.
• Self-employed hawkers.
• People covered by statutory pension or provident fund scheme, such as civil servants and subsidised / grant school teachers.
• Members of occupational retirement schemes which are granted exemption certificates.
• People from overseas who enter Hong Kong for employment for less than 13 months, or who are covered by overseas retirement schemes.
• Employees of the European Union Office of the European Commission in Hong Kong.
• Employees employed for less than 60 days (other than casual employees).
• Any person who has reached the age of 64 when the MPF Scheme Ordinance came into effect on 1 December 2000.

Scheme members who have reached the age of 65, or who have reached the age of 60 and have decided to early retire can choose to either withdraw their MPF benefits by instalments or withdraw all their MPF benefits in a lump sum, or retain all their MPF benefits in their accounts for continuous investment.

If members choose to withdraw their MPF benefits by instalments, they can submit their application any time, according to their personal needs. There is also no limit on the amount of each instalment or the number of withdrawals.

• the benefits may be retained within the same registered scheme; or
• they can be transferred to another scheme on change of employment.

An offering document authorised by the Securities & Futures Commission (SFC) which contains up-to-date and accurate information about the scheme.

• In the case of a relevant employee, it means any wage, salary, leave pay, fee, commission, bonus, gratuity, housing allowance, other housing benefits, perquisite or allowance (excluding severance payments or long service payments), expressed in monetary terms, paid or payable by an employer (directly or indirectly) to that employee in consideration of his / her employment under an employment contract.
• In the case of a self-employed person, it refers to his / her assessable profits that are calculated in accordance with the Inland Revenue Ordinance or such amount as declared by that person.

• the member does not intend to be employed or self-employed in the foreseeable future;
• no mandatory contributions were paid or required to be paid for the member during the 12 months immediately preceding the lodgment of the claim; and
• the member does not have any accrued benefits kept in any other registered MPF scheme.

• they can be subject to a vesting scale;
• they can be withdrawn by the employee when this employee leaves his employer (i.e. they are not subject to preservation and portability).

A notice given to an applicant to confirm membership of or participation in a registered scheme by the trustee of an MPF scheme within 30 days after whichever is the later of the following dates:

• the date on which all the information required for the application is submitted;
• the date on which the applicant agrees to comply with the governing rules of the scheme.

The notice of participation shows:

• the name of the scheme;
• the trustee's name and address;
• the name of the scheme member or participating employer; and
• the date of issue of the notice.

You may withdraw your accrued benefits if you have an illness that is likely to reduce your life expectancy to 12 months or less.  You must provide a medical certificate issued by a registered medical practitioner or registered Chinese medicine practitioner stating that in the practitioner’s opinion, you have a terminal illness.