Permanent Departure | In Q4 2025, 4,200 cases of permanent departure used MPF withdrawals. Quarterly and yearly declines of nearly 40%, involving HKD 1.02 billion

The Mandatory Provident Fund (MPF) Statistical Summary Quarterly Report shows that in Q4 2025, there were 4,200 claims for MPF withdrawals due to permanent departure from Hong Kong, a 39% decrease quarter-on-quarter and a 37% decrease year-on-year; the total amount involved was approximately HKD 1.02 billion, down 38% quarter-on-quarter and 35% year-on-year.

As of the end of December 2025, the total MPF assets were about HKD 1.55 trillion, a 1.6-fold increase over ten years. Since the implementation of the MPF system in 2000, stock funds and mixed-asset funds, which together account for nearly 80% of total MPF assets, have achieved average annual net returns of 5% and 4.5%, respectively, outperforming the 1.8% annual inflation rate during the same period.

By the end of December 2025, 3.66 million MPF accounts invested in the so-called “Lazy Fund” default investment strategy (DIS), accounting for nearly one-third of all 11.29 million MPF accounts; the total invested assets amounted to HKD 168.2 billion, representing over 10% of total MPF assets.

Since the launch of DIS on April 1, 2017, by the end of December 2025, the core accumulation fund and the post-65 fund recorded average annual net returns of 6.9% and 2.5%, respectively, higher than the 1.8% inflation rate during the same period.

As of the end of December 2025, there were 91,000 voluntary contribution accounts eligible for tax deductions, a 14% increase year-on-year. Since the implementation of the TVC in April 2019, the total contributions to these accounts have reached HKD 14.1 billion.

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