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The MPFA today (30 March) released the December 2020 issue of Mandatory Provident Fund Schemes Statistical Digest (Statistical Digest), which covers the key statistical data of the MPF System, including scheme member enrolment, number of accounts and investment performance, etc.

The Statistical Digest aims to promote information transparency by showing the progress of the MPF System on different aspects in order to enhance the understanding of MPF among scheme members. 

Key findings of the December 2020 Statistical Digest include:

• The total amount of MPF contributions received in 2020 remained stable, with voluntary contributions reaching a record high at $14.1 billion, 9% higher than that in 2019.
• $349 million of tax-deductible voluntary contributions (TVC) was received in the fourth quarter of 2020, which is $64 million higher than the previous quarter. Around $2 billion of TVC was received in the whole year of 2020.
• The total number of withdrawal claims of MPF benefits on the grounds of retirement, early retirement, permanent departure from Hong Kong, total incapacity, terminal illness, small balance account and death in the third quarter of 2020 was 52,800, close to the 51,800 claims recorded in the third quarter of 2019. The number of claims of MPF benefits in relation to offsetting severance payment and long service payment in the third quarter of 2020 has dropped as compared to that in the previous quarter (-44%), and has increased slightly as compared to that in the third quarter in 2019 (+4%).  The number of claims of MPF benefits in relation to permanent departure from Hong Kong in the third quarter of 2020 has increased as compared to that in the previous quarter (+37%), and has dropped slightly as compared to that in the third quarter in 2019 (-2%).  According to the past records, the number of claims on different withdrawal grounds fluctuated from quarter to quarter.
• As at the end of December 2020, the total MPF assets amounted to $1.14 trillion, of which over $400 billion was investment returns, net of fees and charges. The annualized return was 4.8% since the inception of the MPF System in 2000, outperforming the inflation rate of 1.8% over the same period.
• The Core Accumulation Fund and Age 65 Plus Fund under the Default Investment Strategy yielded an overall return of 12.3% and 8.8% respectively in 2020.

－Ends－

30 March 2021