MPF Default Investment Strategy Projection
Hong Kong's MPF Default Investment Strategy (DIS) auto-glides allocation from Core Accumulation Fund (younger) to Age 65 Plus Fund (older). This projects your balance at retirement.
| Current MPF balance | — |
| Monthly contribution | — |
| Years until 65 | — |
| Annual fee | — |
| Projected balance at 65 | — |
Hong Kong MPFA Default Investment Strategy (DIS) is the auto-pilot retirement strategy for MPF members who don't actively choose funds. It uses Core Accumulation Fund (60% equity) until 50, then glides to Age 65 Plus Fund (20% equity) by 64.
How DIS Glide Path Works
Below age 50: 100% Core Accumulation Fund (CAF, 60% equity / 40% bond). Age 50-64: linear annual shift from CAF to Age 65 Plus Fund. Age 65+: 100% Age 65 Plus Fund (20% equity / 80% bond). Automatic, no member action required.
DIS Fee Cap 0.95%
MPFA caps DIS Management Fees at 0.95% per year (regulatory mandate, 2017). Most actively-managed MPF funds charge 1.4-2.0%. DIS fee savings compound substantially over 30+ year careers.
Switching to/from DIS
Switch into DIS any time via your trustee's portal. Switching out requires choosing alternative funds. No penalty either direction. Many high earners use DIS as low-cost passive base + voluntary contributions for growth tilt.
MPF Withdrawal at 65
From age 65, lump sum or phased withdrawals. Tax-free under HK tax law. Some prefer phased withdrawal to maintain MPF investment growth. Death before 65: balance passes to estate or beneficiary.
Last updated May 2026. Sources: MPFA DIS, MPFA Member Portal.