At Work in Hong Kong


Pension plans in Hong Kong


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There are plans for pension in Hong Kong but if you work less than 13 months, you are not entitled to them.

In Hong Kong there is no official retirement age so you can stop whenever you want or carry forever. There are some restrictions though of a minimum amount of money you have to put in for your pension and you cannot use this money before you can use it.

There is Comprehensive Social Security Assistance and Mandatory Provident Fund which is obligatory though, see there for more information:
www.mpfa.org.hk/eindex.asp

Hong Kong like a lot of developed countries faces a problem of ageing population. This explains the important role of the Mandatory Provident Fund in contributing towards the financial security of Hong Kong's working population in their retirement years.

Update 8/04/2010



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