Fee Transparency Tool

How Much Are MPF Fees
Costing You?

Enter your details to see the long-term dollar impact of Fund Expense Ratios on your retirement savings. For reference only — not investment advice.

⚠️ Figures generated are illustrative estimates only, consistent with the methodology referenced in MPFA's publication How to Make MPF Investment Decisions (Chapter 2). Past performance is not indicative of future performance. MPFGo is not a registered MPF intermediary and does not provide regulated advice.
Your Profile
Monthly MPF Contribution (Employee + Employer) HK$3,000
HK$
/ mo
Expected Annual Return (before fees) 5.0%
2%6%10%
Years Until Retirement 20 yrs
5yr20yr40yr
Fund Expense Ratio Comparison

Compare funds of the same category only (e.g. mixed assets vs. mixed assets). FER data is sourced from the MPFA MPF Fund Platform and provider disclosure documents.

Your Current Fund
Mixed Assets — Active Management
%
HK industry average: ~1.45% FER
Low-Cost Alternative (Same Category)
Mixed Assets — Index / Passive
%
Low-cost passive funds: 0.30%–0.60%
⚖️ Like-for-Like Comparison Requirement
Per MPFA Guidelines VI.2 §III.52(b), fee comparisons must be made between constituent funds of the same type. Comparing equity funds against bond or money market funds would not reflect equivalent risk profiles and may be misleading.
Estimated Lifetime Fee Drag vs. Lower-Cost Equivalent Fund
—
lost to fees over 20 years
Portfolio value — current fund after FER deduction, compounded monthly
—
Portfolio value — low-cost fund after FER deduction, compounded monthly
—
Total contributions over period
—
Estimated fees paid — current fund
—
Estimated fees paid — low-cost fund
—
Potential additional retirement savings
—
Portfolio Growth Over Time
Current FER
Low-Cost FER

This calculator uses a standard future value of an annuity formula, applying the Fund Expense Ratio as a monthly drag on the gross return. This approach is consistent with the illustrative methodology described in the MPFA publication How to Make MPF Investment Decisions (Chapter 2, "Fees and Charges"). All figures are estimates; actual outcomes will depend on individual fund performance, FER changes, and contribution history.

FV = P × Σ (1 + r_net)^k  for k = 1 to n
r_net (monthly) = (1 + r_gross/12) − (1 + FER/12)  ≈ (r_gross − FER) / 12
Fee Drag = FV(low-cost) − FV(current FER)

Reference: MPFA Conduct Guidelines VI.2 §III.51–III.53 (June 2024). FER data should be verified against the fund's Fee Table and Ongoing Cost Illustration (OCI) available at mpfa.org.hk.