Pension services

Employee

Important Note

  • Sun Life Rainbow MPF Scheme is a mandatory provident scheme (the "Scheme").
  • Investment involves risks and not all investment choices available under the Scheme would be suitable for everyone. There is no assurance on investment returns and your investments/accrued benefits may suffer significant loss.
  • You should consider your own risk tolerance level and financial circumstances before making any investment choices. When, in your selection of funds, you are in doubt as to whether a certain fund is suitable for you (including whether it is consistent with your investment objectives), you should seek financial and/or professional advice and choose the fund(s) most suitable for you taking into account your circumstances.
  • The Sun Life First State MPF Conservative Fund provides no guarantee of repayment of capital. The fees and charges of a MPF Conservative Fund can be deducted from either (i) the assets of the fund or (ii) members' account by way of unit deduction. This fund uses method (i) and, therefore, unit prices / NAV / fund performance quoted have incorporated the impact of fees and charges.
  • In the event that you do not make any investment choices, your contributions made and/or benefit transferred into the Scheme will be invested into Sun Life First State MPF Stable Income Fund.
  • You should not invest based on the information shown on this website alone and you should read the Principal Brochure carefully.




Who should enrol in an MPF scheme ?

Who should make contributions ?

How do you manage your MPF ?

Tips for employees




Who should enrol in a MPF scheme?

Unless you are exempted from the MPF system, you are required to enrol in an MPF scheme if you are aged 18 to aged below 65 and:

  • You have been employed as a full-time or part-time employee for 60 days or more; or
  • You have been employed as a “casual employee” in the catering or construction industries for less than 60 days

For further details of exemptions, please check the MPFA web site:www.mpfa.org.hk.

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Who should make contributions?

Both you and your employer are required to make regular MPF contributions, based on your relevant income as follows:

Relevant Income Employer’s mandatory contributions Employee’s mandatory contributions
< HKD6,500 5% of relevant income No contribution required
HKD6,500 - HKD25,000 5% of relevant income 5% of relevant income
> HKD25,000 HKD1,250 HKD1,250

 

Note: Relevant income refers to any wages, salary, leave pay, fee, commission, bonus, gratuity, perquisite or allowance (including housing allowance, or other housing benefit), expressed in monetary terms, paid by an employer to an employee, but excluding any severance or long-service payments under the Employment Ordinance.


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How do you manage your MPF.

As an employee, you should carefully select fund choices to ensure the investment portfolio meets your needs. You should:

  • Consider your personal circumstances, including investment goals and risk tolerance;
  • Understand the funds, including the investment strategies, risk levels and past net-of-fee fund performance; and
  • Study relevant information, including principal brochures, fee tables and fund fact sheets.


Secondly, you should proactively check your MPF account and contribution status through the different channels provided by your trustee, including customer websites, service hotlines and annual benefit statements. Your employer is required to provide you with a pay-record within seven working days after contributions have been made.

MPF is a long-term investment and during the investment period, your circumstances, investment goals and risk preferences may change. You should regularly review your fund choices and adjust the investment portfolio as necessary.


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Tips for employees

When you change jobs, there are three options to manage your MPF accounts under the original schemes. You can:

  • Transfer your MPF accrued benefits to a newly set-up personal account in a scheme of your own choice for continuous investment;
  • Keep your MPF accrued benefits in a personal account in the original scheme for continuous investment; or
  • Transfer your MPF accrued benefits to your contribution account in the scheme provided by your new employer.


Sun Life Rainbow MPF Scheme offers personal account services. You can consolidate your MPF accounts to enjoy a wide range of fund choices and professional customer services. Learn more …

 

To help achieve your retirement goals, you can consider making additional savings or investments. Sun Life Rainbow MPF Scheme - Special Private Account - is one of the solutions that you can consider to help you achieve your goals. Learn more …


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Important Note

Investment involves risks and past performance is not indicative of future performance. Investment return may rise as well as fall due to market condition and currency movement which  may affect the value of investments. The value of units may vary due to changes in exchange rates between currencies. Emerging markets may involve a higher degree of risk than in developed markets and are usually more sensitive to price movements. 

Sun Life MPF RMB and HKD Fund (The constituent fund is denominated in HKD only and not in RMB) may be adversely affected by both movements in RMB exchange rates as well as subjected to foreign exchange controls and repatriation restrictions imposed by the Chinese government as the Fund invests part of its assets in RMB denominated money market and debt instruments. 

You are advised to read the relevant Principal Brochure and the marketing materials for further details and risk factors prior to making any investment decision.

 

 

Issues by Sun Life Hong Kong Limited

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News update
To enhance the transparency of MPF fund performance, Sun Life's MPF administrator, BestServe Financial Limited partners with a global leading mutual fund information provider, Lipper - a Thomson Reuters company, to launch MyMPFChoice.com - a free fund performance comparative platform. Please visit.

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