Benefit Projection
The MPF System works on the general principles of long-term savings and investment. Below are illustrative examples of the amount of accrued benefits a member with a monthly salary of $8,000 or $11,000 may expect upon retirement at the age of 65. Use the MPF Calculator here for an estimation of accrued benefits.|
Monthly salary = $8,000 Age at which the first contribution starts |
Yearly rate of net investment return (1%) | Yearly rate of net investment return (4%) |
|---|---|---|
| 25 years old | $472,000 | $946,000 |
| 40 years old | $273,000 | $411,000 |
| 55 years old | $101,000 | $118,000 |
|
Monthly salary = $11,000 Age at which the first contribution starts |
Yearly rate of net investment return (1%) | Yearly rate of net investment return (4%) |
|---|---|---|
| 25 years old | $649,000 | $1,300,000 |
| 40 years old | $375,000 | $566,000 |
| 55 years old | $139,000 | $162,000 |
Assumptions:
* Bonus, 13th month pay or other allowances are not included.
* The effects of salary increase and inflation are ignored.
* Net investment return is net of all applicable fees and charges.
The above examples are for illustration purposes only. The exact amount of accrued benefits a scheme member will receive upon retirement will depend on how closely the assumptions match with his/her actual circumstances.
