Key Scheme Information Document

HSBC HK
Mandatory Provident Fund (MPF)
Key Scheme Information Document

This Key Scheme Information Document ('KSID') provides you with key information about HSBC Mandatory Provident Fund - SuperTrust Plus, which forms part of the offering document. You should not make investment decisions based solely on this KSID.

For details of HSBC Mandatory Provident Fund - SuperTrust Plus, please refer to the MPF Scheme Brochure and the master trust deed for HSBC Mandatory Provident Fund - SuperTrust Plus.

Trustee: HSBC Provident Fund Trustee (Hong Kong) Limited

MPF Scheme Provider: The Hongkong and Shanghai Banking Corporation Limited

System operator: eMPF Platform Company Limited

Financial year end: 30 June

Number of Constituent Funds: 20

Why is MPF important to you?
Your MPF contributions
How do we invest your money?
What are the risks of your MPF investment?
How to transfer your MPF?
How to manage your MPF when changing jobs?
When should you adjust your MPF fund choices?
When can you withdraw your MPF?
Additional information useful to you
How to make enquiries and complaints?

Why is MPF important to you?

The Mandatory Provident Fund ('MPF') System aims at assisting the working population of Hong Kong to accumulate retirement savings by making regular contributions. Employees (full time or part-time) and self-employed persons aged 18 to 64, except the exempt persons, are required to participate in an MPF scheme. To enrol in HSBC Mandatory Provident Fund – SuperTrust Plus (the 'HSBC SuperTrust Plus'), please submit enrolment instructions to the eMPF Platform via the eMPF Web Portal or the eMPF Mobile App.

eMPF Web Portal

eMPF Mobile App

MPFA's Retirement Planning Calculator

To facilitate your retirement planning, you may use MPFA's Retirement Planning Calculator to calculate:

your retirement needs;
your projected MPF and other retirement savings upon your retirement; and
how much you need to save to meet your retirement needs.

Retirement Planning Calculator This link will open in a new window

If you are an employer, you need to know your MPF obligations, including enrolling new employees, making contributions and reporting terminated employees. For any questions relating to your MPF obligations as an employer, please contact the eMPF Platform. To become a Participating Employer of HSBC SuperTrust Plus, please submit enrolment instructions to the eMPF Platform via the eMPF Web Portal or the eMPF Mobile App.

eMPF Web Portal

eMPF Mobile App

Your MPF contributions

If you are an employee (full time or part-time), both you and your employer are required to make regular MPF mandatory contributions for you, based on your 'relevant income' as follows:
Monthly Relevant Income	Mandatory Contribution Amount from Employer	Mandatory Contribution Amount from Employee
Less than HK$7,100	Relevant income x 5%	Not required
HK$7,100 – HK$30,000	Relevant income x 5%	Relevant income x 5%
More than HK$30,000	HK$1,500	HK$1,500

If you are an employee (full time or part-time), both you and your employer are required to make regular MPF mandatory contributions for you, based on your 'relevant income' as follows:
Monthly Relevant Income	Less than HK$7,100
Mandatory Contribution Amount from Employer	Relevant income x 5%
Mandatory Contribution Amount from Employee	Not required

Monthly Relevant Income	HK$7,100 – HK$30,000
Mandatory Contribution Amount from Employer	Relevant income x 5%
Mandatory Contribution Amount from Employee	Relevant income x 5%

Monthly Relevant Income	More than HK$30,000
Mandatory Contribution Amount from Employer	HK$1,500
Mandatory Contribution Amount from Employee	HK$1,500

'Relevant income' refers to wages, salaries, leave pay, fees, commissions, bonuses, gratuities, perquisites or allowances, expressed in monetary terms, paid or payable by an employer to an employee, but excludes severance payments or long service payments under the Employment Ordinance.

All mandatory contributions are immediately vested in you, except that all or part of, as the case maybe, the MPF derived from the employer's contributions may be used for offsetting severance payments or long service payments.

If you are self-employed, you are required to make MPF mandatory contributions as follows:
Annual Relevant Income	Monthly Average Relevant Income	Self-employed Person's Contributions
Less than HK$85,200	Less than HK$7,100	Not required
HK$85,200 – HK$360,000	HK$7,100 – HK$30,000	Relevant income x 5%
More than HK$360,000	More than HK$30,000	HK$360,000 x 5% = HK$18,000 per year OR HK$30,000 x 5% = HK$1,500 per month

If you are self-employed, you are required to make MPF mandatory contributions as follows:
Annual Relevant Income	Less than HK$85,200
Monthly Average Relevant Income	Less than HK$7,100
Self-employed Person's Contributions	Not required

Annual Relevant Income	HK$85,200 – HK$360,000
Monthly Average Relevant Income	HK$7,100 – HK$30,000
Self-employed Person's Contributions	Relevant income x 5%

Annual Relevant Income	More than HK$360,000
Monthly Average Relevant Income	More than HK$30,000
Self-employed Person's Contributions	HK$360,000 x 5% = HK$18,000 per year OR HK$30,000 x 5% = HK$1,500 per month

Whether you are an employee, personal account holder or self-employed person, you may also consider making additional contributions (ie voluntary contributions, tax deductible voluntary contributions ('TVC') and special voluntary contributions ('SVC') (including the Flexi-Contributions)) in light of your personal needs.

How to Open an Account

The following table summarises the ways you can open an HSBC SuperTrust Plus account with us:
Voluntary Contributions	Tax Deductible Voluntary Contributions	Special Voluntary Contributions
Your employer helps you open an account under HSBC SuperTrust Plus, or if you are a self-employed person, you can open an account on your own.	You can open a TVC account under HSBC SuperTrust Plus on your own.	You can open a Flexi-Contribution account under HSBC SuperTrust Plus on your own.

The following table summarises the ways you can open an HSBC SuperTrust Plus account with us:
Voluntary Contributions	Your employer helps you open an account under HSBC SuperTrust Plus, or if you are a self-employed person, you can open an account on your own.
Tax Deductible Voluntary Contributions	You can open a TVC account under HSBC SuperTrust Plus on your own.
Special Voluntary Contributions	You can open a Flexi-Contribution account under HSBC SuperTrust Plus on your own.

For details of different types of contributions, you may refer to the MPF Scheme Brochure for HSBC SuperTrust Plus – 'Administrative Procedures'.

How do we invest your money?

Upon joining HSBC SuperTrust Plus, if you have not submitted any investment instructions to the eMPF Platform, your money will be invested under the Default Investment Strategy ('DIS') automatically. For details of the DIS, you may refer to the MPF Scheme Brochure for HSBC SuperTrust Plus – 'Fund Options, Investment Objectives and Policies'.

Alternatively, you can choose to invest in the following Constituent Funds:

The following table summarises the key features of the Money Market Fund.
No.	Name of Constituent Fund	Investment Manager^	Fund Descriptor	Investment Focus	Investment Objectives	Management Fees (As a percentage of net asset value per annum)
1	MPF Conservative Fund	N/A	Money Market Fund Hong Kong	100% in high grade HKD-denominated monetary instruments	To achieve a rate of return higher than that available for savings deposits	0.75%

The following table summarises the key features of the Money Market Fund.
No.	1
Name of Constituent Fund	MPF Conservative Fund
Investment Manager^	N/A
Fund Descriptor	Money Market Fund Hong Kong
Investment Focus	100% in high grade HKD-denominated monetary instruments
Investment Objectives	To achieve a rate of return higher than that available for savings deposits
Management Fees (As a percentage of net asset value per annum)	0.75%

The following table summarises the key features of the Bond Fund.
No.	Name of Constituent Fund	Investment Manager^	Fund Descriptor	Investment Focus	Investment Objectives	Management Fees (As a percentage of net asset value per annum)
1	Global Bond Fund	N/A	Bond Fund Global	70%-100% in fixed and floating rate debt securities; up to 30% in deposits and other investments as allowed under the General Regulation	To achieve stable capital growth with low volatility	0.79%

The following table summarises the key features of the Bond Fund.
No.	1
Name of Constituent Fund	Global Bond Fund
Investment Manager^	N/A
Fund Descriptor	Bond Fund Global
Investment Focus	70%-100% in fixed and floating rate debt securities; up to 30% in deposits and other investments as allowed under the General Regulation
Investment Objectives	To achieve stable capital growth with low volatility
Management Fees (As a percentage of net asset value per annum)	0.79%

The following table summarises the key features of the Guaranteed Fund.
No.	Name of Constituent Fund	Investment Manager^	Fund Descriptor	Investment Focus	Investment Objectives	Management Fees (As a percentage of net asset value per annum)
1	Guaranteed Fund	N/A	Guaranteed Fund	0%-50% in equities; 20%-100% in bonds; 0%-80% in cash	To achieve long-term capital growth with low volatility	1.275%

The following table summarises the key features of the Guaranteed Fund.
No.	1
Name of Constituent Fund	Guaranteed Fund
Investment Manager^	N/A
Fund Descriptor	Guaranteed Fund
Investment Focus	0%-50% in equities; 20%-100% in bonds; 0%-80% in cash
Investment Objectives	To achieve long-term capital growth with low volatility
Management Fees (As a percentage of net asset value per annum)	1.275%

The following table summarises the key features of each Mixed Assets Fund.
No.	Name of Constituent Fund	Investment Manager^	Fund Descriptor	Investment Focus	Investment Objectives	Management Fees (As a percentage of net asset value per annum)
1	Age 65 Plus Fund	N/A	Mixed Assets Fund Global Maximum equity around 25%	15%-25% in Higher Risk Assets; 75%-85% in Lower Risk Assets	To provide stable growth	0.75%
2	Core Accumulation Fund	N/A	Mixed Assets Fund Global Maximum equity around 65%	55%-65% in Higher Risk Assets; 35%-45% in Lower Risk Assets	To provide capital growth	0.75%
3	Stable Fund	N/A	Mixed Assets Fund Global Maximum equity around 45%	55%-85% in debt securities, bonds and deposits; 15%-45% in equities and other investments as allowed under the General Regulation	To achieve stable capital growth with low volatility	1.25%
4	Balanced Fund	N/A	Mixed Assets Fund Global Maximum equity around 85%	55%-85% in equities and equity-related investments; 15%-45% in deposits, debt securities and other investments as allowed under the General Regulation	To achieve medium to high capital growth with medium volatility	1.35%
5	Growth Fund	N/A	Mixed Assets Fund Global Maximum equity around 100%	70%-100% in equities and equity-related investments; up to 30% in deposits, debt securities and other investments as allowed under the General Regulation	To achieve investment returns that maximise long-term capital growth potential with medium to high volatility	1.45%
6	ValueChoice Balanced Fund	N/A	Mixed Assets Fund Global Maximum equity around 80%	60%-80% in equities and equity-related investments; 20%-40% in deposits, debt securities and other investments as allowed under the General Regulation	To achieve long-term capital growth	0.79%

The following table summarises the key features of each Mixed Assets Fund.
No.	1
Name of Constituent Fund	Age 65 Plus Fund
Investment Manager^	N/A
Fund Descriptor	Mixed Assets Fund Global Maximum equity around 25%
Investment Focus	15%-25% in Higher Risk Assets; 75%-85% in Lower Risk Assets
Investment Objectives	To provide stable growth
Management Fees (As a percentage of net asset value per annum)	0.75%

No.	2
Name of Constituent Fund	Core Accumulation Fund
Investment Manager^	N/A
Fund Descriptor	Mixed Assets Fund Global Maximum equity around 65%
Investment Focus	55%-65% in Higher Risk Assets; 35%-45% in Lower Risk Assets
Investment Objectives	To provide capital growth
Management Fees (As a percentage of net asset value per annum)	0.75%

No.	3
Name of Constituent Fund	Stable Fund
Investment Manager^	N/A
Fund Descriptor	Mixed Assets Fund Global Maximum equity around 45%
Investment Focus	55%-85% in debt securities, bonds and deposits; 15%-45% in equities and other investments as allowed under the General Regulation
Investment Objectives	To achieve stable capital growth with low volatility
Management Fees (As a percentage of net asset value per annum)	1.25%

No.	4
Name of Constituent Fund	Balanced Fund
Investment Manager^	N/A
Fund Descriptor	Mixed Assets Fund Global Maximum equity around 85%
Investment Focus	55%-85% in equities and equity-related investments; 15%-45% in deposits, debt securities and other investments as allowed under the General Regulation
Investment Objectives	To achieve medium to high capital growth with medium volatility
Management Fees (As a percentage of net asset value per annum)	1.35%

No.	5
Name of Constituent Fund	Growth Fund
Investment Manager^	N/A
Fund Descriptor	Mixed Assets Fund Global Maximum equity around 100%
Investment Focus	70%-100% in equities and equity-related investments; up to 30% in deposits, debt securities and other investments as allowed under the General Regulation
Investment Objectives	To achieve investment returns that maximise long-term capital growth potential with medium to high volatility
Management Fees (As a percentage of net asset value per annum)	1.45%

No.	6
Name of Constituent Fund	ValueChoice Balanced Fund
Investment Manager^	N/A
Fund Descriptor	Mixed Assets Fund Global Maximum equity around 80%
Investment Focus	60%-80% in equities and equity-related investments; 20%-40% in deposits, debt securities and other investments as allowed under the General Regulation
Investment Objectives	To achieve long-term capital growth
Management Fees (As a percentage of net asset value per annum)	0.79%

The following table summarises the key features of each Equity Fund.
No.	Name of Constituent Fund	Investment Manager^	Fund Descriptor	Investment Focus	Investment Objectives	Management Fees (As a percentage of net asset value per annum)
1	Global Equity Fund	N/A	Equity Fund Global	70%-100% in equities and equity-related investments; up to 30% in deposits, debt securities and other investments as allowed under the General Regulation	To achieve long-term capital growth	0.79%
2	North American Equity Fund	N/A	Equity Fund North America	70%-100% in equities and equity-related investments; up to 30% in deposits, debt securities and other investments as allowed under the General Regulation	To achieve long-term capital growth	1.30%
3	European Equity Fund	N/A	Equity Fund European countries	70%-100% in equities and equity-related investments; up to 30% in deposits, debt securities and other investments as allowed under the General Regulation	To achieve long-term capital growth	1.30%
4	Asia Pacific Equity Fund	N/A	Equity Fund Asia Pacific, excluding Japan	70%-100% in equities and equity-related investments; up to 30% in deposits, debt securities and other investments as allowed under the General Regulation	To achieve long-term capital growth	1.45%
5	Hong Kong and Chinese Equity Fund	N/A	Equity Fund Mainland China and Hong Kong	70%-100% in equities and equity-related investment (within the portfolio 10%-75% may invest in Chinese equities and 25%-90% may invest in other equities listed in Hong Kong and/or equities deriving a preponderant part of their income and/or assets from Hong Kong); up to 30% in deposits, debt securities and other investments as allowed under the General Regulation	To achieve long-term capital growth	1.45%
6	Chinese Equity Fund	N/A	Equity Fund Mainland China	70%-100% in equities and equity-related investments; up to 30% in deposits, debt securities and other investments as allowed under the General Regulation	To achieve long-term capital growth	1.45%
7	ValueChoice North America Equity Tracker Fund	N/A	Equity Fund North America	Up to 100% in equities	To match as closely as practicable the performance of the FTSE MPF North America Hedged Index	0.79%
8	ValueChoice Europe Equity Tracker Fund	N/A	Equity Fund European countries	Up to 100% in equities	To match as closely as practicable the performance of the FTSE MPF Europe Hedged Index	0.79%
9	ValueChoice Asia Pacific Equity Tracker Fund	N/A	Equity Fund Asia Pacific, excluding Japan	Up to 100% in equities	To match as closely as practicable the performance of the FTSE MPF Asia Pacific ex Japan Hedged Index	0.79%
10	Hang Seng China Enterprises Index Tracking Fund	N/A	Equity Fund Mainland China	Up to 100% in equities	To match as closely as practicable the performance of the Hang Seng China Enterprises Index	Up to 0.79%
11	Hang Seng Index Tracking Fund	N/A	Equity Fund Hong Kong	Up to 100% in equities	To match as closely as practicable the performance of the Hang Seng Index	Up to 0.73%

The following table summarises the key features of each Equity Fund.
No.	1
Name of Constituent Fund	Global Equity Fund
Investment Manager^	N/A
Fund Descriptor	Equity Fund Global
Investment Focus	70%-100% in equities and equity-related investments; up to 30% in deposits, debt securities and other investments as allowed under the General Regulation
Investment Objectives	To achieve long-term capital growth
Management Fees (As a percentage of net asset value per annum)	0.79%

No.	2
Name of Constituent Fund	North American Equity Fund
Investment Manager^	N/A
Fund Descriptor	Equity Fund North America
Investment Focus	70%-100% in equities and equity-related investments; up to 30% in deposits, debt securities and other investments as allowed under the General Regulation
Investment Objectives	To achieve long-term capital growth
Management Fees (As a percentage of net asset value per annum)	1.30%

No.	3
Name of Constituent Fund	European Equity Fund
Investment Manager^	N/A
Fund Descriptor	Equity Fund European countries
Investment Focus	70%-100% in equities and equity-related investments; up to 30% in deposits, debt securities and other investments as allowed under the General Regulation
Investment Objectives	To achieve long-term capital growth
Management Fees (As a percentage of net asset value per annum)	1.30%

No.	4
Name of Constituent Fund	Asia Pacific Equity Fund
Investment Manager^	N/A
Fund Descriptor	Equity Fund Asia Pacific, excluding Japan
Investment Focus	70%-100% in equities and equity-related investments; up to 30% in deposits, debt securities and other investments as allowed under the General Regulation
Investment Objectives	To achieve long-term capital growth
Management Fees (As a percentage of net asset value per annum)	1.45%

No.	5
Name of Constituent Fund	Hong Kong and Chinese Equity Fund
Investment Manager^	N/A
Fund Descriptor	Equity Fund Mainland China and Hong Kong
Investment Focus	70%-100% in equities and equity-related investment (within the portfolio 10%-75% may invest in Chinese equities and 25%-90% may invest in other equities listed in Hong Kong and/or equities deriving a preponderant part of their income and/or assets from Hong Kong); up to 30% in deposits, debt securities and other investments as allowed under the General Regulation
Investment Objectives	To achieve long-term capital growth
Management Fees (As a percentage of net asset value per annum)	1.45%

No.	6
Name of Constituent Fund	Chinese Equity Fund
Investment Manager^	N/A
Fund Descriptor	Equity Fund Mainland China
Investment Focus	70%-100% in equities and equity-related investments; up to 30% in deposits, debt securities and other investments as allowed under the General Regulation
Investment Objectives	To achieve long-term capital growth
Management Fees (As a percentage of net asset value per annum)	1.45%

No.	7
Name of Constituent Fund	ValueChoice North America Equity Tracker Fund
Investment Manager^	N/A
Fund Descriptor	Equity Fund North America
Investment Focus	Up to 100% in equities
Investment Objectives	To match as closely as practicable the performance of the FTSE MPF North America Hedged Index
Management Fees (As a percentage of net asset value per annum)	0.79%

No.	8
Name of Constituent Fund	ValueChoice Europe Equity Tracker Fund
Investment Manager^	N/A
Fund Descriptor	Equity Fund European countries
Investment Focus	Up to 100% in equities
Investment Objectives	To match as closely as practicable the performance of the FTSE MPF Europe Hedged Index
Management Fees (As a percentage of net asset value per annum)	0.79%

No.	9
Name of Constituent Fund	ValueChoice Asia Pacific Equity Tracker Fund
Investment Manager^	N/A
Fund Descriptor	Equity Fund Asia Pacific, excluding Japan
Investment Focus	Up to 100% in equities
Investment Objectives	To match as closely as practicable the performance of the FTSE MPF Asia Pacific ex Japan Hedged Index
Management Fees (As a percentage of net asset value per annum)	0.79%

No.	10
Name of Constituent Fund	Hang Seng China Enterprises Index Tracking Fund
Investment Manager^	N/A
Fund Descriptor	Equity Fund Mainland China
Investment Focus	Up to 100% in equities
Investment Objectives	To match as closely as practicable the performance of the Hang Seng China Enterprises Index
Management Fees (As a percentage of net asset value per annum)	Up to 0.79%

No.	11
Name of Constituent Fund	Hang Seng Index Tracking Fund
Investment Manager^	N/A
Fund Descriptor	Equity Fund Hong Kong
Investment Focus	Up to 100% in equities
Investment Objectives	To match as closely as practicable the performance of the Hang Seng Index
Management Fees (As a percentage of net asset value per annum)	Up to 0.73%

^As all the Constituent Funds are feeder funds investing in a single APIF or ITCIS, no investment manager is required to be appointed at the Constituent Fund level. The investment manager of the underlying APIF or ITCIS of each of the Constituent Funds is listed in the MPF Scheme Brochure for HSBC SuperTrust Plus – 'Directory of Trustee and Other Key Operators'.

Note: The management fees shown in the table above include the management fees chargeable by the Constituent Funds and its underlying fund(s) only. There may be other fees and charges chargeable to the Constituent Funds and its underlying fund(s) or to you. For details, please refer to the MPF Scheme Brochure for HSBC SuperTrust Plus – 'Fees'.

To help you make comparisons across different MPF funds and schemes, you may refer to the information on the MPF Fund Platform.

What are the risks of your MPF investment?

Investment involves risks. Please refer to the MPF Scheme Brochure for HSBC SuperTrust Plus – 'Risks' for details of the risk factors to which the Constituent Funds are exposed.

A risk class is assigned to each Constituent Fund with reference to a seven-point risk classification scale based on the latest fund risk indicator of the Constituent Fund. A Constituent Fund in a higher risk class tends to show a greater volatility of return than a low-risk class Constituent Fund. Information about the latest risk class of each Constituent Fund is set out in our website or the latest Fund Fact Sheet of HSBC SuperTrust Plus.

How to transfer your MPF?

If you are an employee, you may opt to transfer your MPF derived from employee mandatory contributions in your contribution account under current employment (Original Scheme) to any other MPF schemes of your choice (New Scheme) once a year*. If your transfer involves transferring out of a guarantee fund, please check the terms and conditions of the fund as failure to fulfil some qualifying conditions may cause the loss of guaranteed returns. Your contribution account under current employment may consist of different parts of MPF derived from different sources and subject to different transfer rules, as follows:

Contributions from current employment

The following table summarises the transfer rule applicable to contributions from your current employment:
Parts of MPF in a contribution account (ie Types of contributions that the MPF are derived from)	Transfer rule	Type of account receiving the MPF
Employer mandatory contributions	Not transferable	N/A
Employee mandatory contributions	Transferable once every calendar year*	Personal account
Employer voluntary contributions	Subject to the governing rules of the Original Scheme	Personal account
Employee voluntary contributions	Subject to the governing rules of the Original Scheme	Personal account

The following table summarises the transfer rule applicable to contributions from your current employment:
Parts of MPF in a contribution account (ie Types of contributions that the MPF are derived from)	Employer mandatory contributions
Transfer rule	Not transferable
Type of account receiving the MPF	N/A

Parts of MPF in a contribution account (ie Types of contributions that the MPF are derived from)	Employee mandatory contributions
Transfer rule	Transferable once every calendar year*
Type of account receiving the MPF	Personal account

Parts of MPF in a contribution account (ie Types of contributions that the MPF are derived from)	Employer voluntary contributions
Transfer rule	Subject to the governing rules of the Original Scheme
Type of account receiving the MPF	Personal account

Parts of MPF in a contribution account (ie Types of contributions that the MPF are derived from)	Employee voluntary contributions
Transfer rule	Subject to the governing rules of the Original Scheme
Type of account receiving the MPF	Personal account

Contributions from former employment

The following table summarises the transfer rule applicable to contributions from your former employment:
Parts of MPF in a contribution account (ie Types of contributions that the MPF are derived from)	Transfer rule	Type of account receiving the MPF
Mandatory contributions transferred to the contribution account under current employment	Transferable at any time	Personal account or other contribution accounts**
Voluntary contributions transferred to the contribution account under current employment	Subject to the governing rules of the Original Scheme	Personal account or other contribution accounts**

The following table summarises the transfer rule applicable to contributions from your former employment:
Parts of MPF in a contribution account (ie Types of contributions that the MPF are derived from)	Mandatory contributions transferred to the contribution account under current employment
Transfer rule	Transferable at any time
Type of account receiving the MPF	Personal account or other contribution accounts**

Parts of MPF in a contribution account (ie Types of contributions that the MPF are derived from)	Voluntary contributions transferred to the contribution account under current employment
Transfer rule	Subject to the governing rules of the Original Scheme
Type of account receiving the MPF	Personal account or other contribution accounts**

*Unless the governing rules of the Original Scheme provide for more frequent transfer-out.

**Only applies to employees with two or more contribution accounts. If an employee is employed by more than one employer at the same time, he/she may have more than one contribution account.

If you are a self-employed person, personal account holder or TVC account holder, you can transfer your MPF held in your contribution account, personal account or TVC account to any other MPF schemes of your choice at any time.

For transfer of MPF, transfer instructions can be submitted to the eMPF Platform via the eMPF Web Portal or the eMPF Mobile App.

eMPF Web Portal

eMPF Mobile App

How to manage your MPF when changing jobs?

You should proactively manage the MPF accumulated during your previous employment in one of the following ways:

Method 1: Transfer the MPF to your 'contribution account' opened under your new employment

Method 2: Transfer the MPF to your existing 'personal account'

If you do not have any personal accounts, and you are satisfied with the MPF scheme chosen by your former employer, you may consider retaining your MPF in a personal account under the scheme of your previous employment for investment.

For transfer of MPF, transfer instructions can be submitted to the eMPF Platform via the eMPF Web Portal or the eMPF Mobile App.

eMPF Web Portal

eMPF Mobile App

If you have any questions relating to transfer of MPF, please contact the eMPF Platform.

When should you adjust your MPF fund choices?

In general, it is a good practice to review your fund choices regularly and adjust your MPF fund choices as you think fit.

How to adjust your MPF fund choices?

You may complete and submit new investment instructions to the eMPF Platform. If your investment instructions involve switching out of the Guaranteed Fund, please check with us the terms and conditions of the Guaranteed Fund as failure to fulfil some qualifying conditions may cause the loss of guaranteed returns.

You may send your new investment instructions to the eMPF Platform via the eMPF Web Portal or the eMPF Mobile App.

eMPF Web Portal

eMPF Mobile App

In order that your instructions can be processed within the same day, you must send the completed investment instructions to the eMPF Platform before the cut-off time. For details, please refer to the MPF Scheme Brochure.

When can you withdraw your MPF?

Once you reach the age of 65, you can choose to withdraw your MPF or choose to retain your MPF in the MPF scheme.

By law you or your personal representative (in case of death) can withdraw your MPF early on the following six grounds:

Early Retirement
Terminal Illness
Permanent Departure From Hong Kong
Total Incapacity
Death
Small Balance

If you withdraw your MPF at the age of 65 or 60 upon early retirement, you may choose to withdraw either in one lump sum or by instalments.

The law does not stipulate any deadlines for withdrawing MPF. You should consider your personal needs before making a withdrawal application. If you choose to retain all your MPF in your account, no application is required. Your MPF will continue to be invested in the Constituent Fund(s) you have selected.

For withdrawal of MPF, withdrawal instructions can be submitted to the eMPF Platform via the eMPF Web Portal or the eMPF Mobile App.

eMPF Web Portal

eMPF Mobile App

If you have any questions relating to withdrawal of MPF, please contact the eMPF Platform.

Additional information useful to you

Taxation

Employees are allowed to claim salaries tax deduction for their mandatory contributions, subject to a maximum deduction of HK$18,000 per tax assessment year. Contributions that are made to TVC accounts may also be eligible for tax deduction.

Accrued benefits from mandatory contributions are tax exempt while accrued benefits from voluntary contributions made by Participating Employers may be subject to tax, depending on when and how they are paid.

TVC account holders will be able to deduct the TVC paid into their TVC accounts, subject to a maximum deduction per tax assessment year as specified in the Inland Revenue Ordinance.

We recommend that you seek professional advice regarding your own particular tax circumstances.

Documents from us and/or the eMPF Platform

Scheme members will receive the following documents:

Upon joining the HSBC SuperTrust Plus: this KSID, the MPF Scheme Brochure and the notice of participation; and
Within three months after the financial year end: member annual benefit statement.

TVC account holders will receive a TVC summary around 10 May after the end of the relevant year of tax assessment.

Other information

This KSID only provides a summary of the key information of HSBC SuperTrust Plus. For details of the scheme, please refer to the MPF Scheme Brochure and the master trust deed for HSBC SuperTrust Plus. Copies of these documents are available via the links:

The On-going Cost Illustrations, a document which illustrates the on-going costs on contributions to Constituent Funds in HSBC SuperTrust Plus, is available via the link:

On-going Cost Illustrations This link will open in a new window

The Fund Fact Sheet and the Monthly Fund Performance Summary provide basic information (eg fund performance) on individual Constituent Funds of HSBC SuperTrust Plus. Copies of these documents are available via the links:

If you wish to submit paper-based instructions to the eMPF Platform, the relevant forms can be downloaded via the eMPF Platform’s website at empf.org.hk/forms/en.

Personal Data Statement

To obtain the latest copy of the 'Personal Information Collection Statement for HSBC Mandatory Provident Fund', please visit the HSBC MPF website at www.hsbc.com.hk/mpf.

How to make enquiries and complaints?

If you would like to make an enquiry or a complaint, please feel free to contact the Trustee and the eMPF Platform.

Enquiries or Complaints which are not related to scheme administration services

HSBC MPF Employer Hotline: +852 2583 8033

HSBC MPF Member Hotline: +852 3128 0128

Email: pensioncs@hsbc.com.hk (for enquiries); customer.care.mpf@hsbc.com.hk (for complaints)

Postal address: PO Box 71555, Kowloon Central Post Office

Website: www.hsbc.com.hk/mpf

Enquiries or Complaints which are related to scheme administration services

eMPF Customer Service Hotline: + 852 183 2622

Opening Hours: Monday to Friday: 9:00 am – 7:00 pm

Saturday: 9:00 am – 1:00 pm

Sunday & Public Holidays: Closed

eMPF Service Centres

Hong Kong Island: Unit 601B, 6/F, Dah Sing Financial Centre, No. 248 Queen’s Road East, Wanchai, Hong Kong

Kowloon: Suites 1205-6, 12/F, Chinachem Golden Plaza, No. 77 Mody Road, Tsim Sha Tsui East, Kowloon

New Territories: Suite 1802A, 18/F, Tower 2, Nina Tower, No. 8 Yeung Uk Road, Tsuen Wan, New Territories

Opening Hours: Monday to Friday: 9:00 am – 6:00 pm

Saturday: 9:00 am – 1:00 pm

Sunday & Public Holidays: Closed

Fax of eMPF Platform: + 852 3197 2988

Postal address of eMPF Platform: PO Box 98929 Tsim Sha Tsui Post Office

Email address of eMPF Platform: enquiry@support.empf.org.hk

Website of eMPF Platform: www.empf.org.hk

Issued by The Hongkong and Shanghai Banking Corporation Limited and HSBC Provident Fund Trustee (Hong Kong) Limited

Contents

Why is MPF important to you?

MPFA's Retirement Planning Calculator

Your MPF contributions

How to Open an Account

How do we invest your money?

Money Market Fund

Bond Fund

Guaranteed Fund

Mixed Assets Fund

Equity Fund

What are the risks of your MPF investment?

How to transfer your MPF?

Contributions from current employment

Contributions from former employment

How to manage your MPF when changing jobs?

When should you adjust your MPF fund choices?

How to adjust your MPF fund choices?

When can you withdraw your MPF?

Additional information useful to you

Taxation

Documents from us and/or the eMPF Platform

Other information

Personal Data Statement

How to make enquiries and complaints?