But ... you can't quit ... not all funds can buy.
All funds in the MPF must be approved by the China Securities Regulatory Commission before they can be sold.
There are certain restrictions.
Certainly not the most active fund on the market.
Congratulations ~
Be able to find out the shortcomings of the MPF as soon as possible.
According to the witness himself, the MPF is only enough to pay one-third of the pension.
In addition, people in China and Hongkong pay more and more attention to health, and medical care is improving.
I believe that the retirement time will be longer and longer.
I hope you can plan your future as soon as possible and live a leisurely, high-quality and affluent retirement life.
7. Financial advisor of Yongming Finance.
You can discuss it in detail on msn if you are interested.
[mailbox protected], the old company's MPF account, called reserved account/reserved account. Wage earners can choose freely? Anything from an MPF supplier. As for the choice, please refer to the monthly report of the MPF published by the China Hong Kong Fund Investment Association:
IFA/chi/download/fun dinfo/MPF/MPF _ Perfor manceMonthly.pdf
The return of Desheng Allianz has always been ideal, and it can be in the top three from August 2006 to this year.
At present, Allianz Global Fund of Desheng Allianz has three MPF schemes:
● Standard Chartered Bank MPF Scheme-Comprehensive
● Desheng Qiangqiang MPF Integrated Trust Plan 5
● AIA JF, that is, AIA Morgan Fulin's MPF Scheme/MPF Superior Scheme.
However, we should pay attention to the MPF components of Desheng Allianz, some of which are bought from mainland China and Hongkong. If the mainland of China and Hongkong are affected by the adjustment of domestic stocks, the income of these funds will be affected. It is suggested that you can read more relevant materials when purchasing. According to your question, it is correct to say that MPF may not be enough for retirement, because the purpose of designing MPF in China Mainland and Hong Kong is only to provide some protection for Hong Kong people in China when they retire, and other protection is borne by social welfare and personal savings; Therefore, if you want to have a better retirement life, you must prepare yourself.
All the old MPF assets can be transferred to the reserved account or the new company's MPF scheme, and you can only sell the old funds and buy the approved funds in the new MPF scheme, not all the funds in the market.
Of course, it will not affect the current company's MPF scheme. * * * Require the public to contribute to the MPF for future retirement, but unless you contribute more than 5% every month and voluntarily contribute, you can have a relatively rich old age. Therefore, at present, * * * constantly reminds the public to pay attention to the performance of their MPF accounts.
Every MPF company has different fund choices, so if you want to transfer your current reserved account to your current new company's account or other companies to help you manage it, I hope you can refer to each company's fund performance before making a decision, so as to avoid mistakes, because the difference is 5%, and it will be as high as 2 million US dollars in 20 years. You can also consider other savings plans to increase your income and make plans for the future.
Because you don't know your age, how many years and how much you have contributed to the MPF, it is difficult to calculate how much you still owe. Please contact me if you want to know the details. [email protected] I work in Manulife Insurance, and I may have some information to help you solve your doubts. If you have too many MPF accounts, your handling fee will be charged annually for each account. Isn't this a waste of money?
I suggest that you deposit into an MPF contribution account first, and then choose a portfolio that suits your risk.
From your information, you are concerned about whether the MPF is enough for your retirement.
I think you should talk to a financial planner and calculate how much your retirement reserve should be.
If you have any questions, please email me.
My name is Ayang, and I am a financial planner of AIA.
E-mail: [E-mail is protected], then you need to know the account status of the previous company first, because according to the operation of the MPF, the account that has not been injected with contributions belongs to the reserved account type in the MPF company of your previous company. The cost of the fund is also deducted from the reserved account, so MPFA has publicized that it is best for the public to integrate the accounts, which is convenient for handling and can reduce the cost of the deducted fund. As for changing funds, of course, you can find a financial adviser according to your own preferences.
If you have other queries, you can contact me to provide free analysis [email protected]. Of course, you can use it flexibly in which fund, or you can transfer the contributions from your former company to your current MPF, whichever you like.
In this way, you don't have to manage multiple MPF accounts, but you can handle existing contributions at one time.
If you really don't transfer to the existing MPF, you will return to the original contributing bank or institution, which means that some banks can change funds every two weeks and update them once a month. If the transfer is too tight, they will ask for a handling fee. You can ask about the procedures for changing funds first, and then modify the existing funds you like. ,