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Features and Benefits of Principal Special Voluntary Contributions
With Principal Special Voluntary Contributions, you can now enjoy a flexible, affordable and convenient way to reach your retirement savings target and enjoy the opportunity of earning potential abundant returns more easily, helping you to progress towards a promising future.
Principal Special Voluntary Contributions bring you a full range of privileges:
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MPF Scheme Series 800 provides diversified investment choices
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Principal offers 14 investment fund choices with different characteristics and return and risk levels to cater for your different needs and investment objectives.
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Flexible premium payment options
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Regular contributions start at HK$500 monthly, or pay a lump sum of HK$1,000 for hassle-free investing. You have the flexibility to change or withdraw your personal contributions at any time1.
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Independent decision
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Any person at or above age of 18 and below 65 (including employee member, self-employed person and preserved member) are eligible to join Principal Special Voluntary Contributions. Additional contributions and fund selections are made at your own preference. It is independent of your employer and you can arrange the service in full privacy.
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Easy application
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No initial charges. Simple and easy application and your regular Special Voluntary Contributions can gain the benefit according to the “dollar-cost averaging” principle 2 in the long run.
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Product Features
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Product
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- Principal Special Voluntary Contributions
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MPF scheme
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- Principal MPF Scheme Series 800
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Minimum contribution amount
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- Lump sum: HK$1,000
- Monthly regular savings: HK$500
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Payment method
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- Lump sum: Cheque
- Monthly regular savings: DDA
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Fund switching
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- Unlimited number of times per year
- No switching charge
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Withdrawal
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- Free withdrawal up to four times per year 1
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1
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Special Voluntary Contributions Member may withdraw the account balance of not more than four times in each financial year free of charge. Additional withdrawal will be subject to a handling charge of HK$300 of each withdrawal and the said fees will be deducted from the withdrawal value.
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2
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Your money buys more units when the price is lower and fewer units when the price is higher. Over time, the dollar-cost averaging effect averages out the costs of your units and therefore reduces the effects of short-term market fluctuation on your investments.
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Investment involves risks. Please refer to the Principal Brochure of Principal MPF Scheme Series 800 for more details on the MPF Scheme and Special Voluntary Contributions (including fees and charges).
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