What is annuity plan and MPF?

Hong Kong is facing ageing population.

• True

• False

If the proportion of elders is high, Hong Kong government will face financial pressure.

• True

• False

Because of ageing population, the government promote annuity plan.

• True

• False

Annuity plan is the same as Mandatory Provident Fund.

• True

• False

The population of poor elders is increasing.

• True

• False

The population of elders is decreasing.

• True

• False

Mandatary Provident Fund (MPF) is a must for basically all workers in Hong Kong.

• True

• False

Annuity is compulsory.

• True

• False

For HKMC Annuity Plan, if you draw out the money that you paid after a period of time, you will suffer from significant financial loss.

• True

• False

For Mandatory Provident Fund (MPF), you can receive LIFETIME monthly payment.

• True

• False