Preserved Account

Step by Step Guide to Preserved Accounts

The introduction of the Mandatory Provident Fund created one more major financial decision for Hong Kong employees when they change jobs:

What to do with the MPF contributions built up in your previous job?

Your MPF benefit is portable. That means, when you change jobs, you are free to transfer the accrued benefits in your previous MPF scheme(s) to any provider of your choice - we call this a preserved account.

Follow this simple step-by-step guide to help you decide what to do when you change jobs.

Step 1 - Understanding Preserved Accounts

Your MPF benefit is portable. You can move it or keep it where it is. You have 4 basic options for the accrued benefits in your previous employer's MPF scheme:

1. Transfer to a preserved account in your previous employer's scheme
2. Transfer to your new employer's scheme
3. Transfer to a preserved account in another MPF master trust scheme?
4. Transfer to an existing account in an Industry Scheme (if applicable)

Step 2 - Choosing A Provider

Now that you have a choice - how do you choose? Here are some important things about Manulife as an MPF provider to consider before making a choice:

* Convenience & Service
* Reliability

Step 3 - Choosing Funds

Manulife MPF schemes offer a range of investment funds through two MPF schemes with different investment objectives, so you can find something that meets your needs.

* Risk Analysis - An important factor in selecting funds for investment is risk. Consider carefully how much risk you can tolerate.
* Product Overview - We offer two MPF schemes to meet your needs find out more about the schemes and the funds available.

Step 4 - To Find Out More Or Open An Account
 
You may need more information or be ready to open an account. In either case, please Contact Us to take the next step.

Warning: Investment involves risk. Please refer to offering document for details, risk factors and charges of the Schemes.