HK MPF 2028 Prescribed Savings Rate

Q: HK 2028 MPF PSR rate?

MPFA announces Q1 2028 \u2014 historical 4-5%.

HK 2028 MPF PSR: rate set by MPFA Q1 2028 (~Mar). Applies to Conservative Funds + low-balance MPF accounts. 2027 was 4.5% — 2028 projected 4.2%-5%.

MPF balance (HKD)

Assumed 2028 PSR (%)

2028 Interest

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PSR

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MPF balance	—
Assumed PSR	—
2028 PSR interest	—

Hong Kong 2028 MPF Prescribed Savings Rate (PSR) applies to MPF Conservative Fund + low-balance accounts. MPFA announces rate quarterly each Q1. Historical: 4.5% 2027, 4% 2026. Projection 2028: 4.2-5% depending on HIBOR + bank deposit rates.

PSR Mechanics

MPFA-set rate floor for Conservative Funds. Designed to protect against principal loss + match short-term bank deposit rates. If actual fund return < PSR, MPFA tops up. If higher, fund keeps the upside.

Switching Funds

Members can switch fund choices anytime via MPF provider. Conservative Fund best for retirees + risk-averse. Equity/balanced funds for younger workers — higher long-term return but volatile.

MPF Annual Disclosure

Annual member statement mid-year shows PSR earnings + fund performance. Track 5-year + 10-year returns for switch decisions.

Last updated May 2026. Sources: MPFA.