For Manulife Global Select (MPF) Scheme

Important to note:

You should consider your own risk tolerance level and financial circumstances before making any investment choices. When, in your selection of constituent funds or the Default Investment Strategy (“DIS”), you are in doubt as to whether a certain constituent funds or the DIS is suitable for you (including whether it is consistent with your investment objectives), you should seek independent financial and/or professional advice and make investment choices most suitable for you taking into account your circumstances.
The asset allocation of the Manulife MPF Core Accumulation Fund and the Manulife MPF Age 65 Plus Fund (“DIS CFs”) in the DIS and some of the constituent funds which are referred to as Retirement Funds will change over time and hence the risk profile and return will also change over time. The DIS CFs or the Retirement Funds may not be suitable for all members. You should understand the relevant risks involved before investment and consider factors other than age and review your own investment objectives.
The Manulife MPF Interest Fund and the Manulife MPF Stable Fund (collectively the “Guaranteed Funds”) under the scheme each invests solely in approved pooled investment funds in the form of insurance policy provided by Manulife (International) Limited. The guarantee is also given by Manulife (International) Limited. Your investments in the Guaranteed Funds, if any, are therefore subject to the credit risks of Manulife (International) Limited. Please refer to sections 3.4.2 (Manulife MPF Stable Fund (the “Stable Fund”)) and 7.2.4(b) (Manulife MPF Stable Fund) and sections 3.4.1 (Manulife MPF Interest Fund (the “Interest Fund”)) and 7.2.4(c) (Manulife MPF Interest Fund) of the MPF Scheme Brochure for details of the credit risks, guarantee features and qualifying conditions.
The Manulife MPF Retirement Income Fund (the “Retirement Income Fund”) does not guarantee distribution of dividend, the frequency of distribution, and the dividend amount/yield. Dividends may be paid out of the realized capital gains, capital and/or gross income while charging/paying all or part of the fees, charges and expenses to/out of the capital, resulting in an increase in distributable income available for dividend distribution. Payment of dividends out of capital and/or effectively out of capital represent a withdrawal of part of the original investment or from any capital gains attributable to that original investment. Distribution of dividends will result in an immediate decrease or adjustment in the net asset value per unit of the Retirement Income Fund on the ex-dividend date.
Members who are below age 65 should note that the regular and frequent distribution of dividends and reinvestment of such dividends into the Retirement Income Fund will inevitably involve an investment time-lag during which dividends are not reinvested and it is subject to out-of-market risk on a recurring basis (currently, on a monthly basis). With the feature of dividend distribution, the return of the Retirement Income Fund for these Members may be impacted negatively or positively as its net asset value per unit may have gone up or down at the time when dividends are reinvested. Therefore the return of the Retirement Income Fund for these Members may deviate from that of a constituent fund with similar investment portfolio without such arrangement and may not always be advantageous to these Members.
Investment involves risks and not each of the constituent funds would be suitable for everyone. You should consider the risks associated with each of the constituent funds and the DIS and your investments/accrued benefits may suffer loss.
Before making your investment choices, you should read the MPF Scheme Brochure and Key Scheme Information Document (KSID) for details including risk factors, fees and charges of the scheme. You should not make your investment decision based on this material alone.

Manulife Global Select (MPF) Scheme

MPF at a glance

Retirement. The time to live your dreams.

What is MPF?

MPF and you

The Mandatory Provident Fund (“MPF”) system was launched by the government of the Hong Kong Special Administrative Region (“HKSAR”) in December 2000. Regulated and monitored by the Mandatory Provident Fund Schemes Authority (“MPFA”), the system aims to provide retirement support for the Hong Kong workforce.

Who should enrol?

Except those exempted, all employees and self-employed persons aged 18 to aged below 65, and are normally residing and working in Hong Kong, are required to participate in an MPF scheme, including:

Employees who have worked for 60 days or more (including full-time or part-time)
Self-employed persons who earn an income from the production or trade of goods or services not in the capacity of an employee
Casual employees who work in the catering or construction industries (even those who have worked fewer than 60 days)

Enrolment and mandatory contributions

According to the Mandatory Provident Fund Schemes Ordinance, your employer is responsible to enrol you in an MPF scheme. Both you and your employer are required to make contributions based on your monthly relevant income*.

Employer and employee

Relevant income*	Employer’s Mandatory Contribution	Employee's Mandatory Contribution
Less than HK$7,100 a month	5%	No contribution required
HK$7,100 – HK$30,000 a month	5%	5%
More than HK$30,000 a month	HK$1,500	HK$1,500

Relevant income*

Employer’s Mandatory Contribution

Employee's Mandatory Contribution

Less than HK$7,100 a month

No contribution required

HK$7,100 – HK$30,000 a month

More than HK$30,000 a month

HK$1,500

* Relevant income refers to any wages, salary, leave pay, fee, commission, bonus, gratuity, perquisite or allowance (including housing allowance or other housing benefits), expressed in monetary terms, paid or payable by an employer (directly or indirectly) to their employees. It does not include any severance payments and long service payments under the Employment Ordinance.

Self-employed person

If you are a self-employed person, and you are aged 18 to aged below 65, and are normally residing and working in Hong Kong, you must enrol yourself in an MPF scheme. You are required to make mandatory contributions if you earn not less than the minimum relevant income level (i.e. currently HK$7,100 a month or HK$85,200 a year).

Self-employed person's relevant income

Per month	Per year	Mandatory Contribution
Less than HK$7,100	Less than HK$ 85,200	No contribution required
HK$7,100 – HK$30,000	HK$85,200 – HK$360,000	5%
More than HK$30,000	More than HK$360,000	HK$1,500 a month or HK$18,000 a year

Withdrawal of benefits

When you reach the retirement age of 65, you can withdraw your MPF accrued benefits or retain it in your account for continuous investment according to your personal circumstances. You may elect to withdraw your MPF accrued benefits earlier under the following circumstances:

early retirement at the age 60; or
permanent departure from Hong Kong; or
total incapacity; or
terminal illness; or
death; or
small balance account of less than HK$5,000, no contributions made in the past 12 months, and declared not to become employed or self-employed.

Reminder:

Tax concessions: Your employee mandatory contributions are income tax deductible, subject to a maximum amount of HK$18,000 per year in 2015/16 onwards.

For further details about MPF, please refer to the MPFA website

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Monthly Summary

MPF

ORSO

Hot offer - Personal Account

To manage your retirement investments more efficiently, you may consolidate your MPF accrued benefits from multiple to a single personal account. With Manulife Personal Account you may enjoy special offers on our management fees by way of bonus rebates (terms and conditions apply)

Learn more

Warning: Investment involves risks. Please refer to the MPF Scheme Brochure and Key Scheme Information Document (KSID) for details including risk factors, fees and charges of the scheme.

Manulife MPF Overview

Offers you a wide range of constituent funds for an investment portfolio that can be tailored to individual needs and risk appetites, backed by all-round MPF services. You can select from a comprehensive MPF platform offering 29 different constituent funds, ranging from equity funds (international, regional, single-market and sector), bond funds (international, regional and single-market), mixed assets funds (lifestyle and target date), guaranteed funds to money market fund. Besides, the Default Investment Strategy (“DIS”) is also one of the available investment choices for you as required by the legislative requirement.

Learn more

Warning: Investment involves risks. Please refer to the MPF Scheme Brochure and Key Scheme Information Document (KSID) for details including risk factors, fees and charges of the scheme.