What is SVC?
You can base on your personal situation to decide the contribution amount and withdraw or transfer your SVC accrued benefits at anytime for flexible arrangement of assets (subject to withdrawal condition of individual MPF scheme)
Benefits of SVC
Diversified investment options
Principal MPF Scheme Series 800 offers a wide range of constituent fund choices with different investment objectives, investment portfolios and risk/return profile to cater to your needs.
Flexible contribution amount
Regular contributions start at HK$500 monthly, or pay a minimum lump sum of HK$1,000 each time (in each case, or such other minimum amount(s) as the Trustee may determine from time to time). You have the flexibility to change your investment portfolio or withdraw your contributions at any time. (Special Voluntary Contributions Member may partial withdraw on voluntary contributions of not more than four times in each scheme financial year free of charge. Additional withdrawal may be subject to a handling charge of HK$300 for each withdrawal and the said charge will be deducted from the withdrawal amount.)
Manage the assets on your own
Any person at or above the age of 18 and below 65 (including employee member, self-employed person and personal account member) is eligible to join Principal Special Voluntary Contributions. Additional contributions and constituent fund selections are made at your own preference. It is independent from your employer, and you can arrange for the service yourself.
Constituent fund switching
Unlimited number of times per year. Switching charge: Nil.
Free of charge withdrawal (four times per year)
Free withdrawal up to four times per year (Special Voluntary Contributions Member may partial withdraw on voluntary contributions of not more than four times in each scheme financial year free of charge. Additional withdrawal may be subject to a handling charge of HK$300 for each withdrawal and the said charge will be deducted from the withdrawal amount.)
Enjoy benefits of Dollar Cost Averaging
Enrollment is easy. Upon completion of the application procedures, you may have the opportunity to benefit according to the "dollar-cost averaging principle" in the long run. (For example, your contribution 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 helps reduce the effects of short-term market fluctuation on your investments.)
Investment involves risks. The value of the funds may go up or down. The past performance is not indicative of future performance. Your investment may suffer significant loss. There is no assurance on investment returns, and you may not get back the amount originally invested. You should not invest in reliance on this marketing material alone. You should read the MPF Scheme Brochure for further details (including investment policy, risk factors, fee and charges of the constituent funds).