Compare Pensions & Retirement in Hong Kong

Compare the annual management charge and underlying fund expense ratios — a 0.5% difference in fees compounds to tens of thousands over a 30-year accumulation period.

20 live pensions & retirement offers tracked across 20 Hong Kong providers, with fees from 1.45% AMC. Data current as of 23 October 2026 and updated daily from the Giraffy database.

Live offers

20 live offers compared from 20 providers, from 1.45% AMC. Updated daily.

HSBC MPF Retirement Saver HSBC Life HK

1.45% AMC

  • Type: MPF (mandatory, self-choice funds)
  • Annual Fee: From 1.45% TER
  • Historic Return (approx.): Based on fund choice
  • Tax Status: Master Trust

Sun Life Rainbow MPF Sun Life HK

1.47% AMC

  • Type: MPF (mandatory, self-choice funds)
  • Annual Fee: From 1.47% TER
  • Historic Return (approx.): Based on fund choice
  • Tax Status: Master Trust

Hang Seng MPF ValueChoice Hang Seng Life

1.50% AMC

  • Type: MPF (mandatory, self-choice funds)
  • Annual Fee: From 1.50% TER
  • Historic Return (approx.): Based on fund choice
  • Tax Status: Master Trust

AIA MPF AIA HK

1.53% AMC

  • Type: MPF (mandatory, self-choice funds)
  • Annual Fee: From 1.53% TER
  • Historic Return (approx.): Based on fund choice
  • Tax Status: Master Trust

Manulife MPF Manulife HK

1.68% AMC

  • Type: MPF (mandatory, self-choice funds)
  • Annual Fee: From 1.68% TER
  • Historic Return (approx.): Based on fund choice
  • Tax Status: Master Trust

Friends Provident International Savings Plan Friends Provident International

HK$500

  • Type: Capital guaranteed plan
  • Tax Status: Partially tax deductible
  • Annual Fee: 500.0%
  • Historic Return (approx.): ~4% p.a.

Aviva International Savings Plan Aviva International

HK$500

  • Type: Capital guaranteed plan
  • Tax Status: Partially tax deductible
  • Annual Fee: 500.0%
  • Historic Return (approx.): ~4% p.a.

AXA International Life Savings Plan AXA International Life

HK$500

  • Type: Unit-linked portfolio
  • Tax Status: Partially tax deductible
  • Annual Fee: 500.0%
  • Historic Return (approx.): ~4% p.a.

Canada Life International Savings Plan Canada Life International

HK$500

  • Type: Balanced growth fund
  • Tax Status: Partially tax deductible
  • Annual Fee: 500.0%
  • Historic Return (approx.): ~4% p.a.

Generali International Savings Plan Generali International

HK$500

  • Type: International savings/pension
  • Tax Status: Partially tax deductible
  • Annual Fee: 500.0%
  • Historic Return (approx.): ~4% p.a.

Manulife International Savings Plan Manulife International

HK$500

  • Type: International savings/pension
  • Tax Status: Partially tax deductible
  • Annual Fee: 500.0%
  • Historic Return (approx.): ~4% p.a.

Sun Life International Savings Plan Sun Life International

HK$500

  • Type: Multi-asset pension
  • Tax Status: Partially tax deductible
  • Annual Fee: 500.0%
  • Historic Return (approx.): ~4% p.a.

Prudential International Savings Plan Prudential International

HK$500

  • Type: Balanced growth fund
  • Tax Status: Partially tax deductible
  • Annual Fee: 500.0%
  • Historic Return (approx.): ~4% p.a.

Zurich International Life Savings Plan Zurich International Life

HK$500

  • Type: International savings/pension
  • Tax Status: Partially tax deductible
  • Annual Fee: 500.0%
  • Historic Return (approx.): ~4% p.a.

Quilter International Savings Plan Quilter International

HK$500

  • Type: Multi-asset pension
  • Tax Status: Partially tax deductible
  • Annual Fee: 500.0%
  • Historic Return (approx.): ~4% p.a.

Standard Life International Savings Plan Standard Life International

HK$500

  • Type: Capital guaranteed plan
  • Tax Status: Partially tax deductible
  • Annual Fee: 500.0%
  • Historic Return (approx.): ~4% p.a.

Old Mutual International Savings Plan Old Mutual International

HK$500

  • Type: Unit-linked portfolio
  • Tax Status: Partially tax deductible
  • Annual Fee: 500.0%
  • Historic Return (approx.): ~4% p.a.

Investors Trust International Savings Plan Investors Trust International

HK$500

  • Type: Unit-linked portfolio
  • Tax Status: Partially tax deductible
  • Annual Fee: 500.0%
  • Historic Return (approx.): ~4% p.a.

MetLife International Savings Plan MetLife International

HK$500

  • Type: Balanced growth fund
  • Tax Status: Partially tax deductible
  • Annual Fee: 500.0%
  • Historic Return (approx.): ~4% p.a.

RL360 International Savings Plan RL360 International

HK$500

  • Type: Multi-asset pension
  • Tax Status: Partially tax deductible
  • Annual Fee: 500.0%
  • Historic Return (approx.): ~4% p.a.

What are Pensions and Retirement plans in Hong Kong?

Retirement provision in Hong Kong combines the compulsory Mandatory Provident Fund (MPF) with voluntary private savings and insurer-run retirement and annuity products. MPF requires most employees and employers each to contribute 5% of relevant income within statutory limits into a chosen fund. On top, insurers and life companies sell retirement savings plans, deferred annuities and investment-linked policies to close the gap MPF alone leaves.

How the Hong Kong market works

MPF is administered by approved trustees and regulated by the Mandatory Provident Fund Schemes Authority (MPFA); employees pick funds within their employer scheme and can consolidate personal accounts. Voluntary retirement products come from life insurers such as AIA HK, Manulife HK, HSBC Life HK, Sun Life HK and Hang Seng Life, plus international life providers like Friends Provident International, Aviva International and AXA International Life. The government also promotes Tax-Deductible Voluntary Contributions (TVC) and Qualifying Deferred Annuity Policies (QDAP) with salaries-tax deductions.

Benefits

Employer top-up — MPF adds your employer 5% contribution to your own, boosting savings automatically.

Tax deductions — TVC and QDAP contributions qualify for salaries-tax deductions up to annual caps.

Guaranteed income options — deferred annuities can convert savings into a fixed retirement stream.

Long-horizon growth — investment-linked and fund options aim to compound over decades to retirement.

Consolidation — you can combine scattered MPF personal accounts to simplify management and reduce fee drag.

How to choose

For MPF, weigh fund fees (the fund expense ratio), historical performance and the mix of equity, bond and the low-cost Default Investment Strategy. For voluntary plans, compare guaranteed versus projected returns, charges, surrender penalties and whether the product qualifies for tax deductions. Match the risk profile and lock-in period to your retirement date, and beware high fees on some international investment-linked policies.

Leading providers in Hong Kong

Among MPF and retirement providers, AIA HK, Manulife HK, HSBC Life HK, Sun Life HK and Hang Seng Life are the major players offering both MPF schemes and voluntary annuity and savings plans. International life offices such as Friends Provident International, Aviva International and AXA International Life serve expatriate and higher-net-worth savers, though their charging structures warrant close scrutiny.

What it costs

MPF fund expense ratios typically range from well under 1% up to around 2% a year, which compounds significantly over a career. Voluntary annuity and savings plans are priced by contribution rather than rate, from around HK$1.45% guaranteed-type returns on some products up to premiums of several hundred HK$ a month and far higher. Always separate guaranteed from projected returns and factor in surrender charges.

Protections and regulation

MPF is regulated by the MPFA, which approves trustees, caps certain fees and enforces the Default Investment Strategy. Insurer-run retirement and annuity products are supervised by the Insurance Authority (IA), while any securities or investment-linked elements fall under the Securities and Futures Commission (SFC). QDAP and TVC products must meet criteria set by the IA and MPFA respectively to earn their tax-deductible status.

Common questions

Is MPF enough to retire on? — For most people no; voluntary savings or annuities are usually needed to close the gap.

Can I get tax relief? — Yes, via TVC and QDAP up to the combined annual deduction cap.

Can I move my MPF funds? — You can switch funds within a scheme and consolidate personal accounts under the MPFA rules.

When can I withdraw MPF? — Generally at age 65, or earlier under specific grounds such as permanent departure from Hong Kong.

What is the Default Investment Strategy? — A low-cost, age-based MPF default that automatically de-risks as you approach retirement.

Pensions in Hong Kong — FAQ

What is the best pension or retirement savings account in Hong Kong?

Giraffy tracks 20 pension and retirement savings products across 20 providers in Hong Kong. Compare by Annual Management Charge (AMC) and investment fund range to find the best fit for your retirement timeline.

What types of pension or retirement accounts are available?

Pension types typically include employer workplace pensions (with contribution matching), personal pensions (self-directed), and government schemes. Check your country's specific rules on contribution limits and tax relief — these vary significantly.

How much should I save for retirement?

A common benchmark is to aim for a retirement income of about 60–80% of your pre-retirement earnings. As a savings target, contributing 15% of your gross income from your mid-20s — including employer contributions — is a widely cited starting point. Pension calculators help model your specific situation.

When can I access my pension or retirement savings?

Retirement savings access ages vary by country and account type. In the UK, pension access starts at age 55 (rising to 57 in 2028). Australia allows access to super from preservation age (currently 60). Check your local rules — early withdrawal penalties and tax consequences can be severe.

What are pension charges and how do they affect my pot?

The Annual Management Charge (AMC) is the ongoing fee on your pension fund — typically 0.1–0.75% per year of your pot's value. On a £100,000 pot, a 0.5% AMC costs £500/year and compounds over time. Over 30 years, a 0.5% difference in charges can reduce your final pot by tens of thousands of pounds.

What is automatic enrolment and do I qualify?

Automatic enrolment means eligible workers are enrolled into a workplace pension without having to opt in — the UK, Australia, Ireland, and several other markets operate similar mandatory or auto-enrolment systems. Employer contributions are effectively 'free money', so opting out generally costs you significantly over time.