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                                                              MPF/ORSO
                                                               
                                                               

                                                              Current Monthly Expenses

                                                              We apply a 70% replacement ratio for post-retirement spending as market consensus believes most people need approximately 70% of their current spending to maintain reasonable post-retirement living standards. Therefore, in this retirement calculator, “Monthly income required at retirement” equals to 70% of the “Current monthly expenses” regardless of inflation impact. “Current monthly expenses” is also used for calculating “Total required at retirement”, but not used for calculating “Total available at retirement”.

                                                              Annual Inflation Rate

                                                              3.12% per annum, based on the average composite consumer price index since 2017.

                                                              Source: BCT Financial Limited, Census and Statistics Department, data as of 31st Dec 2017

                                                              Expected annual MPF/ORSO return

                                                              The default return is based on the average of the 3-year annualized return of BCT’s constituent funds under respective risk category that matches the result of the questionnaire. If the result of the questionnaire is risk category 4, then the default return is the average of the 3-year annualized return of BCT’s constituent funds under risk category 4.

                                                              Life Expectancy

                                                              Life expectancy at birth for male in 2017: 81.5 years
                                                              Life expectancy at birth for female in 2017: 87.5 years

                                                              Source: Census and Statistics Department, data as of 30th September 2017

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                                                              1. Retirement Calculator - Disclaimer
                                                              Regular Employee
                                                              Self-employed Person (SEP)
                                                              Casual Employee

                                                              A “regular employee account” is an MPF account of which the primarily mandatory contributions and any voluntary contributions are paid in respect of any current employment of a member of an MPF scheme.

                                                              Just a few steps to join us:

                                                              Step 1
                                                              Receive Form
                                                              Receive Form

                                                              You will receive an enrolment form from your employer.
                                                              You may also download the complete BCT (MPF) Pro Choice Information Kits - Regular Employee and read our Offering Documents before enroll.

                                                              BCT (MPF) Pro Choice Information Kit (Regular Employee):
                                                              ‧ MPF Scheme Brochure : BCT (MPF) Pro Choice
                                                              Download Form
                                                              ‧ Product Summary
                                                              Download Form
                                                              ‧ Company Leaflet
                                                              Download Form
                                                              ‧ Member Enrolment Form
                                                                                                                               (Master Trust Scheme – BCT (MPF) Pro Choice) [AP(REE)–MT]
                                                              Download Form
                                                              ‧ Scheme Member's Request for Account Consolidation Form
                                                                 (For Consolidating Multiple Personal Accounts into One Account) [MPF(S)-P(C)]
                                                              Download Form
                                                              ‧ Request for Fund Transfer Form
                                                                (For self-employed person, personal account holder or employee ceasing employment)  
                                                                and Statement of Authentication [RFT(MEM)]
                                                              Download Form
                                                               
                                                              download all but

                                                              Step 2
                                                              Selection
                                                              Selection

                                                              The investment choice you make should be based on your individual circumstances.

                                                              Step 3
                                                              Complete
                                                              Complete

                                                              Complete the Member Enrolment form.

                                                              Upon completion of your enrolment, you will receive:

                                                               

                                                               

                                                              A self-employed person ("SEP") is a person who earns income from the production of or trade in goods or services in a capacity other than an employee. If you are a sole-proprietor of or partner in a business, you are regarded as an SEP under the MPF System. If you are an SEP at least 18 but under 65 years of age, you have the legal obligation to enroll yourself into an MPF scheme.

                                                              Learn more about the definition of SEPSelf-Employed Person

                                                              For enrolment, please download the complete BCT (MPF) Pro Choice Information Kits – Self-employed Person, and read our Offering Documents before enroll.

                                                              BCT (MPF) Pro Choice Information Kit (Self-Employed):
                                                              ‧ MPF Scheme Brochure : BCT (MPF) Pro Choice
                                                              Download Form
                                                              ‧ Product Summary
                                                              Download Form
                                                              ‧ Company Leaflet
                                                              Download Form
                                                              ‧ Application Form - Self-employed Person
                                                              (Master Trust Scheme - BCT (MPF) Pro Choice) [AP(SEP)–MT]
                                                              Download Form
                                                              ‧ Scheme Member’s Request for Account Consolidation Form
                                                              (For Consolidating Multiple Personal Accounts into One Account) [MPF(S)-P(C)]
                                                              Download Form
                                                              ‧ Request for Fund Transfer Form
                                                                (For self-employed person, personal account holder or employee ceasing employment)  
                                                                and Statement of Authentication [RFT(MEM)]
                                                              Download Form
                                                               
                                                              download all but

                                                              A “causal employee account” is an MPF account of which the primarily mandatory contributions are paid in respect of any person who works in the construction industry or the catering industry on a day-to-day basis, or for a fixed period of less than 60 days.

                                                              Just a few steps to join us:

                                                              Step 1
                                                              Receive Form
                                                              Receive Form

                                                              You will receive an Enrolment Form from your employer, or you may download it here.

                                                              Step 2
                                                              Submission
                                                              Submission

                                                              Submit the completed enrolment form to BCT with a copy of your HKID Card / Passport

                                                              Once BCT receives your Enrolment Form, we will send you the following:

                                                              For enrollment, please download the form here.

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