MPF Default Investment Strategy Projection

This MPF Default Investment Strategy projection is a free, browser-based tool that estimates your Hong Kong MPF balance at age 65 under the DIS glide path. Enter your current balance, monthly contribution and age, and it models the automatic shift from the Core Accumulation Fund to the Age 65 Plus Fund, net of the statutory fee cap.

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%

The 0.95% figure is two separate statutory caps added together, not one management fee. The MPFA caps management fees on the CAF and Age 65 Plus Fund at 0.75% per year of net asset value, and recurrent out-of-pocket expenses — audit fees, printing, postage — at a further 0.2% per year. The out-of-pocket cap drops to 0.1% once a trustee has onboarded the eMPF Platform, taking the all-in ceiling to 0.85%. Most actively-managed MPF funds charge 1.4-2.0%, so the DIS saving compounds hard over a 30-year career.

What 0.95% in Fees Actually Costs You

Fees are the one DIS variable you control, and the drag is larger than most members expect. On a HK$350,000 balance with HK$3,000 a month going in from age 40, this tool projects about HK$2.73 million at 65 at the 0.95% DIS cap versus HK$2.37 million at a 1.75% actively-managed fund — roughly 15% more, or HK$367,000, purely from compounding on money that was never paid out in fees. Drop the fee field in the calculator above to 0.85% to see the post-eMPF ceiling, or raise it to 1.75% to price what a typical non-DIS fund costs you. Nothing else in the projection moves, so the difference you see is the fee alone.

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.

Updated 9 August 2026. Projections are illustrative and assume 8% long-run equity and 3.5% bond returns; actual DIS returns are not guaranteed. Sources: MPFA — Default Investment Strategy, MPFA DIS FAQ.